THERAPEUTIC LEARNING CENTER (EIN 223201547) - 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

1992

Legal Domicile

Principal Officer

STEVEN MORSE

Phone

6098774111

Tax Period

2023-07-01 to 2024-06-30

THERAPEUTIC LEARNING CENTER, founded in 1992, is a mid-sized nonprofit that reported $13.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TEACHING HANDICAPPED STUDENTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,619

Program Service Revenue $13,873,259

Investment Income $0

Other Revenue $-1,985

TOTAL REVENUE $13,876,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,135,988

Fundraising Expenses $0

Program Expenses $13,684,164

Other Expenses $5,548,176

TOTAL EXPENSES $13,684,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,876,893	$12,079,076	+0.1%
Expenses	$13,684,164	$11,941,821	+0.1%
Net Income	$192,729	$137,255	+0.4%

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

137

Volunteers

N/A

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
STEVEN DERINGER	CHAIRMAN	1.00	Director	$0	$0	$0
STEVEN TRAUM	VICE CHAIRMAN	1.00	Director	$0	$0	$0
JANICE TRAUM	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
GLADYS MORSE	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GABEL	BOARD MEMBER & CHAIR	1.00	Director	$0	$0	$0
TERRI DERINGER	BOARD MEMBER & CHAIR	1.00	Director	$0	$0	$0
STEVEN MORSE	SUPERINTENDENT	50.00	Highest	$264,925	$75,351	$340,276
KERRIE MORSE	DIRECTOR	40.00	Highest	$264,925	$67,527	$332,452
AUDRA J SNYDER	SOCIAL WORKER	37.50	Highest	$124,844	$38,489	$163,333
TERESA SLOCOMBE	BUSINESS MANAGER	40.00	Highest	$117,489	$8,487	$125,976
REBECCA WIND-SAMU	SCHOOL OCCUPATIONAL THERAP	37.50	Highest	$138,402	$18,383	$156,785

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	No data	No data	No data	No data
2024	$13,876,893	$13,684,164	$7,190,470	$192,729
2023	$12,079,076	$11,941,821	$5,870,311	$137,255
2022	$11,048,440	$10,948,593	$5,684,063	$99,847
2021	$11,020,737	$10,780,950	$4,135,506	$239,787
2020	$10,582,898	$10,513,283	$3,278,963	$69,615
2019	$9,984,405	$9,921,703	$3,655,420	$62,702

THERAPEUTIC LEARNING CENTER