KINGSWAY LEARNING CENTER

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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

1976

Legal Domicile

Principal Officer

RACHEL CHAN

Phone

8565450800

Tax Period

2024-07-01 to 2025-06-30

KINGSWAY LEARNING CENTER, founded in 1976, is a mid-sized nonprofit in the Education sector that reported $19.5M in total revenue in fiscal year 2024.

Mission

KINGSWAY LEARNING CENTER IS A NOT-FOR-PROFIT ORGANIZATION FORMED AS A PRIVATE SCHOOL FOR STUDENTS WITH DISABILITIES. KINGSWAY PROVIDES AN ALTERNATIVE EDUCATIONAL ENVIRONMENT DESIGNED SPECIFICALLY FOR THE ACADEMIC, THERAPEUTIC, SOCIAL, AND EMOTIONAL DEVELOPMENT OF STUDENTS WITH MULTIPLE DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $17,758,059 Revenue: $19,503,342

EDUCATIONAL PROGRAMS:KINGSWAY OFFERS A FULL-DAY PRESCHOOL PROGRAM FOR CHILDREN AGES 3 TO 5 PRESENTING WITH LEARNING, COMMUNICATION, SENSORY, FINE OR GROSS MOTOR, BEHAVIORAL AND/OR MEDICAL CHALLENGES. OUR PROGRAM EMBRACES PLAY-BASED LEARNING IN A NURTURING, FUN, AND SAFE ENVIRONMENT. OUR HIGHLY QUALIFIED TEAM IS COMMITTED TO WORKING WITH EACH CHILD TO ADDRESS INDIVIDUAL EDUCATIONAL AND THERAPEUTIC GOALS WHILE ENCOURAGING SELF-INITIATED EXPLORATION.THE ELEMENTARY PROGRAM ADDRESSES THE NEEDS OF STUDENTS AGE 5-14 WHO PRESENT WITH AN ARRAY OF DEVELOPMENTAL AND LEARNING CHALLENGES. WITH A COMPREHENSIVE FOCUS ON FUNCTIONAL COMMUNICATION, SELF-HELP SKILLS, POSITIVE BEHAVIOR, AND COMMUNITY PARTICIPATION, THE ELEMENTARY PROGRAM ADDRESSES INDIVIDUAL NEEDS AND ABILITIES IN THE CONTEXT OF A DYNAMIC, INTEGRATED MODEL. THE SECONDARY PROGRAM WAS DEVELOPED IN DIRECT RESPONSE TO THE NEED FOR IMPROVED TRANSITION PROGRAMMING FOR STUDENTS WITH MULTIPLE DISABILITIES BETWEEN THE AGES OF 14 AND 21. TO MEET THOSE NEEDS, A COMPREHENSIVE ARRAY OF ACADEMIC AND THERAPEUTIC SERVICES ARE PROVIDED, WHICH FACILITATE EACH STUDENT'S SUCCESSFUL TRANSITION TO AN ACTIVE POST-SECONDARY LIFE.

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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 $36,508

Program Service Revenue $19,474,682

Investment Income $3,413

Other Revenue $28,660

TOTAL REVENUE $19,543,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,545,347

Fundraising Expenses $0

Program Expenses $17,758,059

Other Expenses $4,915,276

TOTAL EXPENSES $19,460,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,543,263	$18,759,575	+0.0%
Expenses	$19,460,623	$18,602,704	+0.0%
Net Income	$82,640	$156,871	-0.5%

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

351

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

$366,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BYRNE	CHAIR	2.00	Officer Director	$0	$0	$0
JASON BREIG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NICOLE LANDAU	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DANIEL DEFIGLIO	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT EDWARDS	TRUSTEE	0.50	Director	$0	$0	$0
VITO GERMINARIO	TRUSTEE	0.50	Director	$0	$0	$0
BRANDON HAMILTON	TRUSTEE	0.50	Director	$0	$0	$0
ELLIS MEDOWAY	TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH RITZEL	TRUSTEE THROUGH NOV 2024	0.50	Director	$0	$0	$0
JEANNE WHALEN	TRUSTEE	0.50	Director	$0	$0	$0
RACHEL CHAN	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$48,081	$201,417
LISA CATALDO	CONTROLLER	1.00	Officer	$0	$46,354	$164,830
MEGAN OLSEN	PRINCIPAL	35.00	Highest	$129,229	$43,821	$173,050
ABBI CAMPBELL	SUPERVISOR OF SPECIAL EDUC	35.00	Highest	$117,960	$46,488	$164,448
MICHELLE JABLONSKI	DIRECTOR OF HR	1.00	Highest	$0	$34,253	$147,912
LYNN MURPHY	SPEECH LANGUAGE THERAPIST	35.00	Highest	$128,860	$10,102	$138,962
DONNA GIANNINI	SPEECH LANGUAGE THERAPIST	35.00	Highest	$117,535	$9,424	$126,959

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
2025	$19,543,263	$19,460,623	$14,213,615	$82,640
2024	$18,759,575	$18,602,704	$14,727,092	$156,871
2023	$18,511,172	$18,473,224	$14,655,188	$37,948
2022	$18,181,631	$18,113,182	$5,041,618	$68,449
2021	$17,042,677	$17,205,396	$4,648,441	$-162,719
2020	$17,640,252	$17,698,141	$4,665,716	$-57,889
2019	$15,032,938	$14,814,592	$4,965,145	$218,346
2018	$12,735,096	$12,729,941	$4,789,056	$5,155