SMITHFIELD LEARNING CENTER INC

EIN: 274112603 501(c)(3)

DESOTO, TX

Total Revenue
$319,601
Total Expenses
$326,607
Total Assets
N/A
Net Assets
N/A
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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
2012
Legal Domicile
TX
Principal Officer
ALFRED SMITH
Tax Period
2021-01-01 to 2021-12-31

SMITHFIELD LEARNING CENTER INC, founded in 2012, is a small nonprofit that reported $320K in total revenue in fiscal year 2021. Revenue fell 39% from the prior year — a significant decline worth monitoring.

Mission

Smithfield is a Private School built upon a foundation of excellence, committed to educational studies & development in intellectual, emotional,social & physical

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $319,601
Investment Income $0
Other Revenue $0
TOTAL REVENUE $319,601

Expense Breakdown

Grants Paid $0
Salaries & Benefits $165,879
Fundraising Expenses $0
Program Expenses $380,790
Other Expenses $160,728
TOTAL EXPENSES $326,607

Year-over-Year Comparison

2021 2020 Change
Revenue $319,601 $519,939 -0.4%
Expenses $326,607 $502,360 -0.3%
Net Income $-7,006 $17,579 -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

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Governance

Voting Members
4
Independent Members
4
Employees
12
Volunteers
2

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
2
$53,000
Total Directors
2
$0
Key Employees
2
$53,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALFORD SMITH CFO 70
Officer Key Emp
$25,000 $0 $25,000
SHARON SMITH COO 60
Officer Key Emp Highest
$28,000 $0 $28,000
SHIRLEY DANIE FUNDRAISING 3
Director
$0 $0 $0
EARNEST BROWN BOARD MEMBER 3
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
2021 $319,601 $326,607 No data $-7,006
2020 $519,939 $502,360 $446,817 $17,579
2018 $527,845 $443,311 $504,536 $84,534
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