DISTANCE LEARNING CENTER INC (EIN 232046518) - 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

1991

Legal Domicile

Principal Officer

ANGELA P ROBINSON ESQ

Phone

2672382900

Tax Period

2024-01-01 to 2024-12-31

DISTANCE LEARNING CENTER INC, founded in 1991, is a small nonprofit in the Medical Research sector that reported $532K in total revenue in fiscal year 2024. Revenue surged 285% from the prior year, signaling strong growth momentum. The organization ran a surplus of $374K, a strong 70% operating margin.

Mission

DISTANCE LEARNING CENTER (DLC) WAS INCORPORATED IN 1990 AS A 501 C 3 NON-PROFIT CORPORATION TO SPEARHEAD THE STEMPREP PROJECT, A VEHICLE FOR PRODUCING THE NEXT GENERATION OF MINORITY RESEARCHERS IN SCIENCE, TECHNOLOGY, ENGINEERING, MATH (STEM) AND MEDICINE. FROM THE BEGINNING, THE DLC DESIGNATED ITS TARGET POPULATION AS BEING THOSE MINORITY GROUPS WHO WILL BECOME THE EMERGING MAJORITY IN THE U.S. BY 2050, BUT WHO AT PRESENT ARE UNDERREPRESENTED IN STEM DISCIPLINES: AFRICAN-AMERICANS, MEXICAN-AMERICANS, NATIVE AMERICANS, NATIVE HAWAIIANS AND MAINLAND PUERTO RICANS. THE ORIGINAL MISSION OF THE DLC WAS TO DEVELOP INNOVATIVE TRAINING CONCEPTS, IMPLEMENT COMPREHENSIVE PROGRAMS, AND TO FUND RAISE TO SUPPORT PROGRAMS FOR THESE UNDERREPRESENTED MINORITY GROUPS. THE BACKBONE OF THE DLC HAS BEEN ITS POOL OF VOLUNTEERS WHO HAVE GIVEN OF THEIR TIME TO CREATE A NEW TRAINING PARADIGM BASED ON AN EARLY START MODEL, A LONGITUDINAL TRAINING CONTINUUM AND A MULTI-INSTITUTIONAL MENTORSHIP APPROACH

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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 $450,860

Program Service Revenue $80,704

Investment Income $6

Other Revenue $0

TOTAL REVENUE $531,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,354

Other Expenses $157,857

TOTAL EXPENSES $157,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$531,570	$137,972	+2.9%
Expenses	$157,857	$155,389	+0.0%
Net Income	$373,713	$-17,417	-22.5%

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

N/A

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
RAY ANDERSON	BOARD MEMBER	N/A	Director	$0	$0	$0
ANGELA P ROBINSON ESQ	CHRMAN/PRES	N/A	Director	$0	$0	$0
SHANNIN LEWIS	BOARD MEMBER	N/A	Director	$0	$0	$0
ROSA MARINO	BOARD MEMBER	N/A	Director	$0	$0	$0
LINDA MOORE	BOARD MEMBER	N/A	Director	$0	$0	$0
JOSEPH WILLIAMS	SEC/TRES	N/A	Director	$0	$0	$0
MOSES WILLIAMS	EXECUTIVE DI	N/A	Officer Director	$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	$531,570	$157,857	$11,406	$373,713
2023	$137,972	$155,389	$2,007	$-17,417
2022	$184,960	$161,613	$23,335	$23,347
2021	$9,300	$35,256	$1,992	$-25,956
2020	$99,956	$48,777	$29,541	$51,179
2019	$396,695	$358,419	$1,272	$38,276
2018	$519,467	$580,467	$2,420	$-61,000

DISTANCE LEARNING CENTER INC