LINCOLN LEARNING SOLUTIONS INC (EIN 260125828) - 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

2005

Legal Domicile

Principal Officer

ROBERT M CLEMENTS

Phone

7247647200

Tax Period

2024-07-01 to 2025-06-30

LINCOLN LEARNING SOLUTIONS INC, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $20.4M in total revenue in fiscal year 2024. Expenses of $24.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO EMPOWER LEARNING COMMUNITIES BY PROVIDING THEM WITH PRODUCTS, STRATEGIES AND SERVICES ALIGNED WITH PROVEN EDUCATIONAL PRACTICES.

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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 $0

Program Service Revenue $9,796,409

Investment Income $1,811,844

Other Revenue $8,764,770

TOTAL REVENUE $20,373,023

Expense Breakdown

Grants Paid $152,045

Salaries & Benefits $18,760,914

Fundraising Expenses $0

Program Expenses $15,117,381

Other Expenses $5,071,863

TOTAL EXPENSES $23,984,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,373,023	$21,151,524	0.0%
Expenses	$23,984,822	$23,948,278	+0.0%
Net Income	$-3,611,799	$-2,796,754	+0.3%

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

279

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

$1,479,429

Total Directors

$590,985

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT M CLEMENTS	CHAIRMAN/PRE	40.00	Officer Director	$337,761	$26,265	$364,026
DR RACHEL BOOK	MARKETING OF	40.00	Officer	$225,504	$36,812	$262,316
CRAIG W MCMILLEN	CFO	40.00	Officer	$230,718	$11,043	$241,761
CHARLES D THAYER	CHIEF ACADEM	40.00	Officer	$197,418	$35,360	$232,778
DAVID WHITEHEAD	IT EXECUTIVE	40.00	Officer	$194,090	$33,152	$227,242
BRITTANY JANECTIC	ASSISTANT VP	40.00	Highest	$136,095	$30,865	$166,960
KRISTON COLATRIANO	EX. DIR. OF	40.00	Highest	$131,805	$27,824	$159,629
JAMES JOPLIN	DIR. OF ENT.	40.00	Highest	$143,453	$14,065	$157,518
JON THEODORE SPRATT	DIGITAL MEDI	40.00	Highest	$118,967	$23,705	$142,672
CHRISTINA ZAREK	DIRECTOR OF	40.00	Highest	$129,131	$7,524	$136,655
BRUCE BOLIVER	SECRETARY	5.00	Officer Director	$75,653	$0	$75,653
GERALD K GUMPF	DIRECTOR	5.00	Director	$75,653	$0	$75,653
CONNIE HOWARD	TREASURER	5.00	Officer Director	$75,653	$0	$75,653

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	$20,373,023	$23,984,822	$59,782,197	$-3,611,799
2024	No data	No data	No data	No data
2023	$17,293,831	$22,254,262	$67,534,063	$-4,960,431
2022	$26,156,816	$23,482,805	$74,277,686	$2,674,011
2021	$25,553,728	$23,146,610	$75,574,659	$2,407,118
2020	$24,122,252	$31,868,149	$70,095,014	$-7,745,897
2019	$26,422,075	$33,107,335	$80,171,460	$-6,685,260
2018	$26,674,942	$23,567,600	$86,987,947	$3,107,342

LINCOLN LEARNING SOLUTIONS INC