HILLSIDE LEARNING CENTER (EIN 202590264) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

JILL MICHAUD

Tax Period

2023-09-01 to 2024-08-31

HILLSIDE LEARNING CENTER, founded in 2005, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $372K, a strong 16% operating margin.

Mission

HILLSIDES PURPOSE IS TO PROVIDE SPECIALIZED INSTRUCTION ENABLING STUDENTS WITH DYSLEXIA AND OTHER LEARNING DIFFERENCES TO REACH THEIR ACADEMIC POTENTIAL AND BECOME CAPABLE AND CONFIDENT LIFELONG LEARNERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $410,139

Program Service Revenue $1,788,557

Investment Income $56,219

Other Revenue $0

TOTAL REVENUE $2,254,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,531,256

Fundraising Expenses $109,377

Program Expenses $1,580,700

Other Expenses $345,653

TOTAL EXPENSES $1,883,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,254,915	$1,899,267	+0.2%
Expenses	$1,883,408	$1,772,577	+0.1%
Net Income	$371,507	$126,690	+1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON SLADE	DIRECTOR	3.00	Director	$0	$0	$0
SETH BENT	DIRECTOR	3.00	Director	$0	$0	$0
ASHLEE BURKE	DIRECTOR	3.00	Director	$0	$0	$0
TEAGAN CORRADINO	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL BUCEY	DIRECTOR	3.00	Director	$0	$0	$0
KATHY SHERMAN	DIRECTOR	3.00	Director	$0	$0	$0
SUE RYAN	BOARD CHAIR UNTIL 82024	5.00	Officer Director	$0	$0	$0
KEVIN DEHAHN	BOARD CHAIR AS OF 82024	5.00	Officer Director	$0	$0	$0
JILL MICHAUD	EXECUTIVE DIRECTOR	50.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$2,254,915	$1,883,408	$3,146,305	$371,507
2023	$1,899,267	$1,772,577	$2,997,900	$126,690
2022	$1,780,351	$1,643,352	$2,865,789	$136,999
2021	$1,602,427	$1,401,465	$2,626,747	$200,962
2020	$1,452,233	$1,131,035	$2,440,955	$321,198
2018	$1,514,875	$1,030,208	$2,093,375	$484,667

HILLSIDE LEARNING CENTER