NORTHEAST KINGDOM LEARNING SERVICE… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

BARBARA MORROW

Phone

8023346532

Tax Period

2024-07-01 to 2025-06-30

NORTHEAST KINGDOM LEARNING SERVICES INC, founded in 1991, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024.

Mission

NEKLS OFFERS COMPREHENSIVE EDUCATIONAL PROGRAMS AND SERVICES TO COMMUNITY MEMBERS WHO WOULD LIKE TO ADVANCE THEIR EDUCATION, WORKPLACE SKILLS, OR ATTAIN A HIGH SCHOOL DIPLOMA/EQUIVALENCY. IN ADDITION, NEKLS PROVIDES EARLY EDUCATION AND CHILDCARE SERVICE FOR CHILDREN AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $2,673,269 Revenue: $1,606,715

NORTHEAST KINGDOM LEARNING SERVICES, INC. (NEKLS) WAS FOUNDED IN THE MID-1960S BY EVA WARNER, WHO BEGAN BY TEACHING ADULTS TO READ AT THEIR KITCHEN TABLES. OVER THE PAST 65 YEARS, NEKLS HAS EXPANDED ITS SERVICES TO PROVIDE ADULT EDUCATION AND LITERACY PROGRAMS, INCLUDING PATHWAYS TO EARNING A GED OR HIGH SCHOOL DIPLOMA, ENGLISH LANGUAGE LEARNING, AND THE STEP UP TO WORKFORCE PRE-TRAINING PROGRAM. THIS INITIATIVE EQUIPS ADULTS IN VERMONT'S NORTHEAST KINGDOM WITH THE SKILLS NEEDED FOR ENTRY-LEVEL POSITIONS IN HIGH-DEMAND INDUSTRIES.IN ADDITION TO ADULT EDUCATION, NEKLS SUPPORTS K-12 STUDENTS THROUGH A TUTORIAL PROGRAM THAT COLLABORATES WITH LOCAL SCHOOLS TO ENHANCE ACADEMIC ACHIEVEMENT. THE ORGANIZATION ALSO OPERATES A 5-STAR-RATED CHILD CARE CENTER IN NEWPORT, VT, SERVING OVER 85 CHILDREN FROM SIX WEEKS TO TWELVE YEARS OLD WITH HIGH-QUALITY EARLY EDUCATION AND CARE.GUIDED BY ITS MISSION TO INSPIRE AND EMPOWER LEARNERS FROM BIRTH AND BEYOND, NEKLS ENVISIONS A COMMUNITY OF LIFELONG LEARNERS REACHING THEIR FULL POTENTIAL. THE ORGANIZATION UPHOLDS CORE VALUES CENTERED ON FOSTERING RELATIONSHIPS, CELEBRATING GROWTH, MAINTAINING TRANSPARENCY, ADVOCATING WITH PASSION, EMBRACING CHANGE, AND MODELING HUMILITY AND KINDNESS. NEKLS REMAINS COMMITTED TO MAKING THE IMPOSSIBLE POSSIBLE FOR LEARNERS OF ALL AGES.

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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 $1,542,108

Program Service Revenue $1,601,287

Investment Income $-32,733

Other Revenue $16,664

TOTAL REVENUE $3,127,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,449,872

Fundraising Expenses $72,080

Program Expenses $2,673,269

Other Expenses $718,744

TOTAL EXPENSES $3,168,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,127,326	$3,044,446	+0.0%
Expenses	$3,168,616	$2,846,027	+0.1%
Net Income	$-41,290	$198,419	-1.2%

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

$97,978

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA MORROW	BOARD CHAIR	0.60	Officer Director	$0	$0	$0
ANDY BERLEY	VICE CHAIR	0.60	Officer Director	$0	$0	$0
HEATHER MCCLURE	SECRETARY	0.60	Officer Director	$0	$0	$0
MARTHA FELTUS	TREASURER	0.60	Officer Director	$0	$0	$0
LINDA MICHNIEWICZ	BOARD MEMBER	0.60	Director	$0	$0	$0
JEFF DUDLEY	BOARD MEMBER	0.60	Director	$0	$0	$0
TARI TURNBAUGH	BOARD MEMBER	0.60	Director	$0	$0	$0
JODI WOODARD	BOARD MEMBER	0.30	Director	$0	$0	$0
LAURA BENNETT	BOARD MEMBER	0.30	Director	$0	$0	$0
MICHELLE FAUST	EXECUTIVE DIRECTOR	40.00	Officer	$89,452	$8,526	$97,978

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	$3,127,326	$3,168,616	$2,057,792	$-41,290
2024	$3,044,446	$2,846,027	$1,929,757	$198,419
2023	$3,199,422	$2,602,469	$1,679,322	$596,953
2022	$2,624,718	$2,576,777	$697,664	$47,941
2021	$2,890,576	$3,417,487	$735,987	$-526,911
2020	$3,496,928	$3,496,306	$1,460,850	$622
2019	$2,883,771	$2,916,652	$923,127	$-32,881

NORTHEAST KINGDOM LEARNING SERVICES INC