LEARNING GROVE INC

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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

1977

Legal Domicile

Principal Officer

SHANNON STARKEY-TAYLOR

Phone

8594312075

Tax Period

2023-01-01 to 2023-12-31

LEARNING GROVE INC, founded in 1977, is a mid-sized nonprofit that reported $17.8M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

LEARNING GROVE DEVELOPS AND SUPPORTS INNOVATIVE QUALITY LEARNING EXPERIENCES THAT EMPOWER CHILDREN, YOUTH AND FAMILIES ACROSS DIVERSE COMMUNITIES. WE ENVISION A WORLD WHERE ALL CHILDREN AND YOUTH REACH THEIR FULL POTENTIAL, AND ALL FAMILIES THRIVE.

Program Service Accomplishments

Program 1

Expenses: $14,951,040 Revenue: $11,330,198

LEARNING GROVE SERVES OVER 5,000 CHILDREN, YOUTH AND FAMILIES EACH YEAR THROUGH EARLY CHILDHOOD, SCHOOL AGE, AND YOUTH WORKFORCE DEVELOPMENT PROGRAMS. CHILDREN IN OUR PROGRAMS ARE ON TRACK IN THEIR COGNITIVE AND LANGUAGE SKILLS AND SOCIAL EMOTIONAL DEVELOPMENT SETTING THEM UP FOR LIFELONG SUCCESS. OUR BEFORE AND AFTER SCHOOL PROGRAMS PROVIDE ENRICHMENT OUTSIDE OF SCHOOL HOURS IN LOCATIONS ACROSS GREATER CINCINNATI AND NORTHERN KENTUCKY. FOR MIDDLE AND HIGH SCHOOLERS, NAVIGO PROVIDES OPPORTUNITIES FOR STUDENTS TO EXPLORE THEIR CAREER INTERESTS AND SUPPORTS COLLEGE AND/OR CAREER READINESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,352,784

Program Service Revenue $11,319,398

Investment Income $114,358

Other Revenue $47,011

TOTAL REVENUE $17,833,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,587,709

Fundraising Expenses $309,276

Program Expenses $14,951,040

Other Expenses $4,957,569

TOTAL EXPENSES $18,545,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,833,551	$15,161,267	+0.2%
Expenses	$18,545,278	$18,118,176	+0.0%
Net Income	$-711,727	$-2,956,909	-0.8%

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

583

Volunteers

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

$512,234

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DREW TILOW	PRESIDENT	1.00	Director	$0	$0	$0
MARCIA SHERMAN	VICE PRESIDENT	1.00	Director	$0	$0	$0
CAROLYN KRISKO	TREASURER	1.00	Director	$0	$0	$0
TYRAN STALLINGS	SECRETARY	1.00	Director	$0	$0	$0
LORI ZOMBEK	MEMBER AT LARGE	1.00	Director	$0	$0	$0
KATRIECE BARRETT	MEMBER AT LARGE	1.00	Director	$0	$0	$0
DAN DRISCOLL	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY CHENEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEIGH DUBOIS	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN FLOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA GUGGENHEIM	BOARD MEMBER	1.00	Director	$0	$0	$0
MANNY HERNANDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN HURLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RAYMOND GADDIS	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB KEPPLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MINDY KERSHNER	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY MOOMAW	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH RUTH	BOARD MEMBER	1.00	Director	$0	$0	$0
TIFFANY SHIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL HUWEL	BOARD MEMBER	1.00	Director	$0	$0	$0
BECKY KOSINA	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN KNAPPICK	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE TRACY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVETTE SHORTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALISON ZIMMERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON STARKEY-TAYLOR	CHIEF EXECUTIVE OFFICER	40.00	Officer	$160,689	$46,086	$206,775
PATRICIA GLEASON	CHIEF OPERATING OFFICER	40.00	Officer	$138,592	$32,575	$171,167
ROSEANN HAYES	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$109,371	$24,921	$134,292
DENISE STEWARD	SENIOR DIRECTOR OF DEI (RETIRED)	40.00		$150,253	$0	$150,253

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	No data	No data	No data	No data
2023	$17,833,551	$18,545,278	$12,756,156	$-711,727
2022	$15,161,267	$18,118,176	$10,697,446	$-2,956,909
2021	$15,031,851	$16,179,984	$12,030,181	$-1,148,133
2020	$15,342,823	$15,294,671	$12,400,093	$48,152
2019	$10,505,313	$11,787,694	$7,491,513	$-1,282,381
2018	$10,943,853	$11,411,613	$8,168,722	$-467,760