Higher Learning Development Center Inc (EIN 273666766) - 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

2014

Legal Domicile

Principal Officer

Jillian Rowe

Phone

3219454766

Tax Period

2024-01-01 to 2024-12-31

Higher Learning Development Center Inc, founded in 2014, is a small nonprofit in the Human Services sector that reported $499K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $562K exceeded revenue, resulting in a 13% operating deficit.

Mission

Child Care provider and education.

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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 $498,720

Investment Income $0

Other Revenue $0

TOTAL REVENUE $498,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,254

Fundraising Expenses $0

Program Expenses $425,576

Other Expenses $184,094

TOTAL EXPENSES $562,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$498,720	$662,410	-0.2%
Expenses	$562,348	$501,651	+0.1%
Net Income	$-63,628	$160,759	-1.4%

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

$130,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jillian Rowe	President	40.00	Officer	$130,000	$0	$130,000
Jermesha Patterson	Director	40.00	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
2024	$498,720	$562,348	$750,947	$-63,628
2023	$662,410	$501,651	$832,891	$160,759
2022	$447,827	$426,940	$684,604	$20,887
2021	$445,174	$324,726	$1,006,207	$120,448
2020	$362,361	$312,311	$693,262	$50,050
2019	$383,226	$353,078	$453,121	$30,148
2018	$394,110	$336,919	$443,594	$57,191

Higher Learning Development Center Inc