HERRING GUT LEARNING CENTER (EIN 233007187) - 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

1999

Legal Domicile

Principal Officer

PETER HARRIS

Phone

2073728677

Tax Period

2017-07-01 to 2018-06-30

HERRING GUT LEARNING CENTER, founded in 1999, is a small nonprofit that reported $375K in total revenue in fiscal year 2017. Expenses of $537K exceeded revenue, resulting in a 43% operating deficit.

Mission

THROUGH HANDS-ON STUDY AND EXPERIENCE IN AQUACULTURE AND MARINE SCIENCE, WE TEACH STUDENTS TO EMBRACE LEARNING, APPRECIATE SCIENCE AND THE ENVIRONMENT, AND HELP THEM GROW AS INDIVIDUALS. OUR EDUCATIONAL PROGRAMS ENCOURAGE THE PRESERVATION AND ECONOMIC DEVELOPMENT OF COASTAL COMMUNITIES.

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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 (2017)

Revenue Breakdown

Contributions & Grants $114,959

Program Service Revenue $225,500

Investment Income $40,119

Other Revenue $-5,956

TOTAL REVENUE $374,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,425

Fundraising Expenses $29,024

Program Expenses $393,613

Other Expenses $200,151

TOTAL EXPENSES $536,576

Year-over-Year Comparison

	2017	2016	Change
Revenue	$374,622	$380,124	0.0%
Expenses	$536,576	$481,081	+0.1%
Net Income	$-161,954	$-100,957	+0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER HARRIS	CHAIR	10.00	Officer Director	$0	$0	$0
PHILIP CONKLING	VICE CHAIR	5.00	Officer Director	$0	$0	$0
NANCY STEINER	SECRETARY	2.50	Officer Director	$0	$0	$0
KEN WALSH	TREASURER	1.50	Officer Director	$0	$0	$0
SUSAN SCHORIN	TRUSTEE	1.50	Director	$0	$0	$0
PETER RALSTON	TRUSTEE	1.50	Director	$0	$0	$0
WENDY MAKINS	TRUSTEE	1.25	Director	$0	$0	$0
KIM FLEMING	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET MCFADDEN	TRUSTEE	1.00	Director	$0	$0	$0
MERRITT CAREY	TRUSTEE	1.00	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
2018	$374,622	$536,576	$1,884,002	$-161,954

HERRING GUT LEARNING CENTER