A&K FAMILY LEARNING PLACE INC (EIN 208731366) - 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

2007

Legal Domicile

Principal Officer

KIMBERLYN WATERMAN

Phone

2405085561

Tax Period

2024-01-01 to 2024-12-31

A&K FAMILY LEARNING PLACE INC, founded in 2007, is a small nonprofit in the Youth Development sector that reported $607K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $200K, a strong 33% operating margin.

Mission

CONDUCT AFTERSCHOOL TUTORIAL AND SUMMER ENRICHMENT CAMP PROGRAMS FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS..PROGRAM INCLUDES TRANSPORTATION FROM SCHOOL TO TUTORIAL PROGRAM SITE, HOMEWORK ASSISTANCE PROVIDED BY TEACHING PROFESSIONALS,ACCESS TO ONLINE EDUCATIONAL RESOURCES & SNACKS

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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 (2024)

Revenue Breakdown

Contributions & Grants $46,600

Program Service Revenue $560,535

Investment Income $0

Other Revenue $0

TOTAL REVENUE $607,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,635

Fundraising Expenses $0

Program Expenses $347,466

Other Expenses $170,807

TOTAL EXPENSES $407,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$607,135	$697,038	-0.1%
Expenses	$407,442	$510,525	-0.2%
Net Income	$199,693	$186,513	+0.1%

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
KIMBERLYN WATERMAN	PRESIDENT PROG DIRECTOR	25.00	Officer	$0	$0	$0
ALMA MARSHALL	TREASURER EDCATION SPEC	25.00	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	$607,135	$407,442	$944,210	$199,693
2023	$697,038	$510,525	$734,738	$186,513
2022	$664,679	$431,443	$529,647	$233,236
2021	$227,504	$189,502	$255,152	$38,002
2020	$149,445	$140,790	$219,231	$8,655
2019	$418,165	$343,335	$202,483	$74,830

A&K FAMILY LEARNING PLACE INC