Life Learning Center Inc

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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

Alecia Webb-Edgington

Phone

8594310100

Tax Period

2023-01-01 to 2023-12-31

Life Learning Center Inc, founded in 2005, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 19% operating deficit.

Mission

LLC (Center) is a United Way-funded, nonprofit organization that works with multiple local community partners and progressive employers to take individuals who demonstrate a commitment to stable employment and prepare them for productive, sustainable careers through education, training and life coaching. The Center delivers a wholistic, integrated continuum of education and care to help our at risk citizens step up to their highest potential. The Center is building a caring and serving community by helping people learn, secure and sustain a better way of living through gainful employment.

Program Service Accomplishments

Program 1

Expenses: $1,727,213 Revenue: $145,250

Prepare individuals who demonstrate a commitment to stable employment, for productive, sustainable careers through education, training and life experience. Life Learning Center (Center) has created defined collaborative program pipelines. Specifically, the Center is the exclusive aftercare provider for Kenton County Detention Center's comprehensive opiate response 12 step and jail substance abuse programs. The Center also partners with the Kenton County Commonwealth's attorney's office on an alternative sentencing model designed for reentry. The Center services an "at-risk" population presenting with the following barriers: 80% have a criminal background with the majority holding a felony conviction, 68% report $0 monthly income at program start, 82% have a history of substance abuse, 52% require transportation assistance and 68% have a mental health diagnosis.

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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 $1,830,274

Program Service Revenue $145,250

Investment Income $-147,335

Other Revenue $-74,208

TOTAL REVENUE $1,753,981

Expense Breakdown

Grants Paid $224,023

Salaries & Benefits $1,195,877

Fundraising Expenses $74,833

Program Expenses $1,727,213

Other Expenses $662,318

TOTAL EXPENSES $2,082,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,753,981	$1,650,044	+0.1%
Expenses	$2,082,218	$1,661,844	+0.3%
Net Income	$-328,237	$-11,800	+26.8%

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

120

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

$164,800

Total Directors