THE BACKSIDE LEARNING CENTER 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

2015

Legal Domicile

Principal Officer

SHERRY STANLEY

Phone

5026346543

Tax Period

2023-10-01 to 2024-09-30

THE BACKSIDE LEARNING CENTER INC, founded in 2015, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $523K, a strong 35% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE EDUCATIONAL, LINGUISTIC, SOCIAL AND OTHER CHARITABLE SERVICES TO PERSONS, AND THEIR FAMILIES, ENGAGED PRIMARILY IN THE CARE, TRAINING, AND/OR ANY OTHER ACTIVITY INVOLVING THOROUGHBRED RACE HORSES HOUSED AT RACING AND TRAINING FACILITIES; PARTICULARLY AT CHURCHHILL DOWNS IN LOUISVILLE, KENTUCKY.

Program Service Accomplishments

Program 1

Expenses: $276,168

LEARNING CENTER ADULT PROGRAMS -THESE PROGRAMS SUPPORT EQUINE WORKERS AND THEIR FAMILIES IN THE PURSUIT OF THEIR PERSONAL AND PROFESSIONAL DREAMS. WE DO THIS BY PROVIDING EDUCATIONAL OPPORTUNITIES...

LEARNING CENTER ADULT PROGRAMS -THESE PROGRAMS SUPPORT EQUINE WORKERS AND THEIR FAMILIES IN THE PURSUIT OF THEIR PERSONAL AND PROFESSIONAL DREAMS. WE DO THIS BY PROVIDING EDUCATIONAL OPPORTUNITIES, ASSISTANCE IN NAVIGATING AND ACCESSING LOCAL RESOURCES, AND BY CREATING COMMUNITY. IN A CARING AND RESPECTFUL SETTING, OUR CLIENTS DEVELOP THEIR SKILLS AND KNOWLEDGE WITH CLASSES, TUTORING, AND DIRECT ASSISTANCE TAILORED TO THEIR NEEDS. THE ADULT PROGRAMS SERVED APPROXIMATELY 250 OF INDIVIDUALS THROUGH AN AVERAGE OF 20 - 30 CLASSES AND OUTREACH ACTIVITIES PER MONTH. THESE ACTIVITIES INCLUDE ENGLISH AS A SECOND LANGUAGE, CITIZENSHIP AND TECHNOLOGY CLASSES LED BY STAFF MEMBERS AND VOLUNTEERS.

Program 2

Expenses: $396,580

FAMILY EDUCATION PROGRAM - THE FAMILY EDUCATION PROGRAM IS HELD AT OUR OFF-SITE LOCATION. IT PROVIDES ACADEMIC ENRICHMENT ACTIVITIES TO SCHOOL-AGED CHILDREN OF BACKSIDE WORKERS AND OFFERS...

FAMILY EDUCATION PROGRAM - THE FAMILY EDUCATION PROGRAM IS HELD AT OUR OFF-SITE LOCATION. IT PROVIDES ACADEMIC ENRICHMENT ACTIVITIES TO SCHOOL-AGED CHILDREN OF BACKSIDE WORKERS AND OFFERS SIMULTANEOUS ENGLISH CLASSES FOR THEIR PARENTS. THESE PROGRAMS PROVIDE SERVICES TO 20 TO 30 SCHOOL AGE CHILDREN ON AN ONGOING BASIS.

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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 $1,427,919

Program Service Revenue $0

Investment Income $37,896

Other Revenue $11,124

TOTAL REVENUE $1,476,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $778,002

Fundraising Expenses $179,145

Program Expenses $672,748

Other Expenses $176,235

TOTAL EXPENSES $954,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,476,939	$921,332	+0.6%
Expenses	$954,237	$774,076	+0.2%
Net Income	$522,702	$147,256	+2.5%

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

Governance

Voting Members

Independent Members

Employees

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

$79,433

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRY STANLEY	EXECUTIVE DIRECTOR	45.00	Officer	$71,705	$7,728	$79,433
PAM CONWAY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF KENNEDY	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
ANNIE JESSEE	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID BURIANEK	TREASURER	1.00	Director	$0	$0	$0
CATON BREDAR	DIRECTOR	1.00	Director	$0	$0	$0
GLENN KOSSE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN LIN	DIRECTOR	1.00	Director	$0	$0	$0
PAOLA MORANTE ESCOBAR	DIRECTOR	1.00	Director	$0	$0	$0
CORY STAUBLE	DIRECTOR	1.00	Director	$0	$0	$0
XAIMARA TORRES JIMENEZ	DIRECTOR	1.00	Director	$0	$0	$0
AMY ZINK	DIRECTOR	1.00	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	$1,476,939	$954,237	$1,889,405	$522,702
2023	$921,332	$774,076	$1,160,209	$147,256
2022	$761,694	$618,937	$978,843	$142,757
2021	$586,578	$620,577	$1,045,038	$-33,999
2020	$835,410	$518,314	$1,063,427	$317,096
2019	$388,801	$368,393	$684,658	$20,408
2018	$337,751	$274,135	$649,280	$63,616