Learn21 - A Flexible Learning Collaborative

EIN: 272826976 501(c)(3) Education

Cincinnati, OH

Total Revenue
$932,936
Total Expenses
$1,596,956
Total Assets
$2,047,344
Net Assets
$1,661,510
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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
2010
Legal Domicile
OH
Phone
5134022121
Tax Period
2025-01-01 to 2025-06-30

Learn21 - A Flexible Learning Collaborative, founded in 2010, is a small nonprofit in the Education sector that reported $933K in total revenue in fiscal year 2025. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 71% operating deficit.

Mission

To be a leading educational consortium which integrates flexible learning environments and business operations through innovative technology. To provide cost-effective instructional technology support, services and solutions to member educational organizations.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $909,591
Investment Income $23,343
Other Revenue $2
TOTAL REVENUE $932,936

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,290,285
Fundraising Expenses $0
Program Expenses $1,412,891
Other Expenses $306,671
TOTAL EXPENSES $1,596,956

Year-over-Year Comparison

2025 2024 Change
Revenue $932,936 $3,410,343 -0.7%
Expenses $1,596,956 $3,146,159 -0.5%
Net Income $-664,020 $264,184 -3.5%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
15

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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Matthews Vice President 1.0
Officer Director
$0 $0 $0
Kelly Broscheid President 1.0
Officer Director
$0 $0 $0
Rhonda Hobbs Treasurer 0.5
Officer Director
$0 $0 $0
Rick Grinstead Board Member 0.5
Director
$0 $0 $0
Rod Houpe Board Member 0.5
Director
$0 $0 $0
Kevin Ghantous Chief Executive Officer 40.0
Officer
$0 $0 $0
William Fritz Chief Strategy and Operations Officer 40.0
Officer
$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
2025 $932,936 $1,596,956 $2,047,344 $-664,020
2024 $3,410,343 $3,146,159 $2,328,440 $264,184
2023 $3,012,193 $2,820,046 $2,057,273 $192,147
2022 $2,217,576 $1,802,647 $1,851,702 $414,929
2021 $2,311,962 $1,767,188 $1,431,227 $544,774
2020 $1,149,177 $901,818 $886,453 $247,359
2019 $1,189,916 $853,994 $639,094 $335,922
2018 $768,539 $859,339 $303,172 $-90,800
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