The Learning Center of Key West Inc

EIN: 205416637 501(c)(3) Education

Key West, FL

Total Revenue
$211,729
Total Expenses
$218,403
Total Assets
$18,685
Net Assets
$18,685
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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
2006
Legal Domicile
FL
Principal Officer
Scott G Fraser
Phone
3059234964
Tax Period
2023-01-01 to 2023-12-31

The Learning Center of Key West Inc, founded in 2006, is a small nonprofit in the Education sector that reported $212K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

Provide daycare education of children ages one to four years, focusing on social, behavioral cognitive skills. Located in a multicultural neighborhood, these services facilitate real-income earning households with

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,853
Program Service Revenue $174,851
Investment Income $0
Other Revenue $25
TOTAL REVENUE $211,729

Expense Breakdown

Grants Paid $0
Salaries & Benefits $195,131
Fundraising Expenses $0
Program Expenses $185,702
Other Expenses $23,272
TOTAL EXPENSES $218,403

Year-over-Year Comparison

2023 2022 Change
Revenue $211,729 $175,116 +0.2%
Expenses $218,403 $239,197 -0.1%
Net Income $-6,674 $-64,081 -0.9%
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

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Governance

Voting Members
8
Independent Members
7
Employees
4
Volunteers
1

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
8
$60,000
Total Directors
0
$0
Key Employees
1
$60,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Palma Lopez CEO 040.00
Officer Key Emp Highest
$60,000 $0 $60,000
Robert Cintron President N/A
Officer
$0 $0 $0
Frank Toppino Vice-President N/A
Officer
$0 $0 $0
Portia Navarro Secretary N/A
Officer
$0 $0 $0
Scott Fraser Treasurer 005.00
Officer
$0 $0 $0
Lisset Ramas Officer/Director N/A
Officer
$0 $0 $0
Joan Lettett Officer/Director N/A
Officer
$0 $0 $0
Dorian Patton Officer/Director N/A
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 No data No data No data No data
2023 $211,729 $218,403 $18,685 $-6,674
2022 $175,116 $239,197 $25,359 $-64,081
2021 $264,048 $302,104 $-5,883 $-38,056
2020 $239,804 $241,065 $32,173 $-1,261
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