KINGSWAY LEARNING CENTER

EIN: 222126371 501(c)(3) Education

MOORESTOWN, NJ

Total Revenue
$19,543,263
Total Expenses
$19,460,623
Total Assets
$14,213,615
Net Assets
$2,526,259
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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
NJ
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 A LEARNING ENVIRONMENT TO IMPROVE AND MAINTAIN THE MOTOR AND LEARNING CAPABILITIES OF THE CHILDREN IN THE SOUTHERN NEW JERSEY AREA WHO CONTEND WITH VARIOUS DISABILITIES AND EMOTIONAL DIFFICULTIES.

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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 (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

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Governance

Voting Members
9
Independent Members
9
Employees
351
Volunteers
10

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
5
$366,247
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
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
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