CENTERSTONE LEARNING FKA SCS LEARNING INC

EIN: 274417281 501(c)(3)

NASHVILLE, TN

Total Revenue
$784,795
Total Expenses
$337,682
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
KY
Principal Officer
ANTHONY ZIPPLE
Phone
5025898615
Tax Period
2018-07-01 to 2019-06-30

CENTERSTONE LEARNING FKA SCS LEARNING INC, founded in 2010, is a small nonprofit that reported $785K in total revenue in fiscal year 2018. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $447K, a strong 57% operating margin.

Mission

WE ARE DEDICATED TO DELIVERING CARE THAT CHANGES PEOPLE'S LIVES. CENTERSTONE LEARNING (LEARNINGRX) IS A NON-FOR-PROFIT SUBSIDIARY OF CENTERSTONE KENTUCKY. FOR THE LAST SEVEN YEARS, THE ORGANIZATION HAS HELPED OVER 400 CHILDREN AND ADULTS IN THE LOUISVILLE AREA STRENGTHEN COGNITIVE SKILLS. THE COGNITIVE TRAINING PROGRAM AT LEARNINGRX IS BASED ON THE SCIENCE OF NEUROPLASTICITY, THE BRAIN'S ABILITY TO ADAPT AND GROW - REORGANIZING NEURAL PATHWAYS AND EVEN CREATING NEW ONES. TRAINERS WORK ONE ON ONE, COACHING CLIENTS THROUGH A SERIES MENTAL EXERCISES TO IMPROVE THE WAY THE BRAIN THINKS, READS, LEARNS, FOCUSES, AND REMEMBERS. THESE IMPROVEMENTS ARE THEN TRANSFERABLE TO ACADEMICS, WORK, AND LIFE. CENTERSTONE LEARNING IS AN AFFILIATE OF CENTERSTONE OF AMERICA, INC. CENTERSTONE OF KENTUCKY IS THE SOLE CORPORATE MEMBER OF CENTERSTONE LEARNING, INC.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $346,766
Investment Income $0
Other Revenue $438,029
TOTAL REVENUE $784,795

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,829
Fundraising Expenses $0
Program Expenses $313,972
Other Expenses $175,853
TOTAL EXPENSES $337,682

Year-over-Year Comparison

2018 2017 Change
Revenue $784,795 $315,025 +1.5%
Expenses $337,682 $370,260 -0.1%
Net Income $447,113 $-55,235 -9.1%
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

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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
3
Employees
21
Volunteers
7

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
3
$67,742
Total Directors
3
$357,204
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NINA BAIN DIRECTOR 2.00
Director
$0 $0 $0
DAVID RAY DIRECTOR 2.00
Director
$0 $0 $0
ANTHONY ZIPPLE CHAIRMAN 1.00
Director
$0 $17,568 $357,204
ABBY DRANE PRESIDENT 2.00
Officer
$0 $0 $0
BRANDON WHITE SECRETARY 2.00
Officer
$0 $0 $0
MICHELLE WRIGHT EXECUTIVE DIRECTOR 40.00
Officer
$58,322 $9,420 $67,742
CHRISTOPHER ROSZMAN TREASURER 1.00
$0 $31,035 $211,688
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
2019 $784,795 $337,682 No data $447,113
2018 $315,025 $370,260 $108,436 $-55,235
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