ADULT LEARNING SYSTEMS-LOWER MIINC

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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

1998

Legal Domicile

Principal Officer

SHERRI L TURNER

Phone

7344080112

Tax Period

2023-10-01 to 2024-09-30

ADULT LEARNING SYSTEMS-LOWER MIINC, founded in 1998, is a community nonprofit in the Human Services sector that reported $8.6M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION PROVIDES RESIDENTIAL SERVICES TO THE MENTALLY ILL AND DEVELOPMENTALLY DISABLED ADULT POPULATION.

Program Service Accomplishments

Program 1

Expenses: $7,491,553 Revenue: $8,412,562

PROGRAM SERVICES ARE DESIGNED TO ALLOW MENTALLY ILL AND DEVELOPMENTALLY DISABLED ADULTS TO DEVELOP THE NECESSARY SKILLS FOR INDEPENDENCE, SELF RELIANCE, AND TO ACHIEVE THEIR PERSONAL GOALS. THESE...

PROGRAM SERVICES ARE DESIGNED TO ALLOW MENTALLY ILL AND DEVELOPMENTALLY DISABLED ADULTS TO DEVELOP THE NECESSARY SKILLS FOR INDEPENDENCE, SELF RELIANCE, AND TO ACHIEVE THEIR PERSONAL GOALS. THESE ADULTS ARE GIVEN THE EMPOWERMENT TO LIVE AND WORK IN THEIR COMMUNITIES FREE FROM DISCRIMINATION. THE PROGRAMS STRIVE TO GIVE EVERY ADULT THE FRAMEWORK AND SUPPORT TO MAKE THEIR OWN CHOICES AND ENJOY THE RIGHT OF LIFELONG LEARNING.

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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 $0

Program Service Revenue $8,412,562

Investment Income $80,497

Other Revenue $109,419

TOTAL REVENUE $8,602,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,708,484

Fundraising Expenses $0

Program Expenses $7,491,553

Other Expenses $1,757,376

TOTAL EXPENSES $8,465,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,602,478	$7,936,714	+0.1%
Expenses	$8,465,860	$7,500,861	+0.1%
Net Income	$136,618	$435,853	-0.7%

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

216

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

$227,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRI L TURNER	PRESIDENT &	40.00	Officer	$227,850	$0	$227,850
LORI ERTELL	MEMBER	N/A	Director	$0	$0	$0
RICHARD MILLER	MEMBER	N/A	Director	$0	$0	$0
ETHEL SHINE	MEMBER	N/A	Director	$0	$0	$0
MARY SOULES	SECRETARY	N/A	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	$8,602,478	$8,465,860	$6,248,990	$136,618
2023	$7,936,714	$7,500,861	$5,542,327	$435,853
2022	$8,079,439	$7,724,438	$5,122,150	$355,001
2021	$8,043,942	$7,118,878	$5,050,884	$925,064
2020	$6,897,157	$7,130,585	$5,050,297	$-233,428