THANKFUL LEARNING CENTER INC (EIN 232584322) - 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

1989

Legal Domicile

Principal Officer

JOSEPH BOATENG

Phone

2152265544

Tax Period

2023-01-01 to 2023-12-31

THANKFUL LEARNING CENTER INC, founded in 1989, is a small nonprofit in the Education sector that reported $461K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $941K represent 25 months of operating reserves.

Mission

CHILD DAYCARE SERVICES FOR LOW INCOME FAMILIES

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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 $0

Program Service Revenue $467,015

Investment Income $-7,269

Other Revenue $813

TOTAL REVENUE $460,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,008

Fundraising Expenses $0

Program Expenses $260,692

Other Expenses $112,394

TOTAL EXPENSES $504,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$460,559	$415,218	+0.1%
Expenses	$504,402	$498,155	+0.0%
Net Income	$-43,843	$-82,937	-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

N/A

Employees

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
JOSEPH BOATENG	PRESIDENT	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	No data	No data	No data	No data
2023	$460,559	$504,402	$940,975	$-43,843
2022	$415,218	$498,155	$990,991	$-82,937
2021	$465,694	$511,426	$1,179,366	$-45,732
2020	$484,960	$480,657	$1,229,343	$4,303
2019	$424,789	$491,797	$1,381,775	$-67,008
2018	$386,824	$470,899	$1,484,248	$-84,075

THANKFUL LEARNING CENTER INC