AFTER SCHOOL LATCHKEY PROGRAM (EIN 450405906) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Phone

7017600351

Tax Period

2024-01-01 to 2024-12-31

AFTER SCHOOL LATCHKEY PROGRAM, founded in 1988, is a small nonprofit in the Human Services sector that reported $743K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $834K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE PURPOSE OF AFTER SCHOOL LATCH KEY PROGRAM INC IS TO PROVIDE A SAFE, HEALTHY, SOCIALLY AND MENTALLY STIMULATING ENVIRONMENT THAT WILL BENEFIT THE CHILDREN, THE PARENTS, THE CAREGIVERS AND THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,000

Program Service Revenue $728,924

Investment Income $10,085

Other Revenue $0

TOTAL REVENUE $743,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $672,801

Fundraising Expenses $0

Program Expenses $751,901

Other Expenses $161,387

TOTAL EXPENSES $834,188

Year-over-Year Comparison

	2024	2023	Change
Revenue	$743,009	$643,975	+0.2%
Expenses	$834,188	$579,012	+0.4%
Net Income	$-91,179	$64,963	-2.4%

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

Governance

Voting Members

Independent Members

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMANTHA BEAUCHMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
ASHLEY KELLOGG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSICA OLSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JESSICA DEWATERS	TREASURER	0.50	Officer Director	$0	$0	$0
JARED MEIKLEJOHN	PARENT MEMBER	0.50	Officer Director	$0	$0	$0
DEREK KOHLER	PARENT MEMBER	0.50	Officer Director	$0	$0	$0
AMBER PEDERSON	PARENT MEMBER	0.50	Officer 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	$743,009	$834,188	$342,680	$-91,179
2023	$643,975	$579,012	$433,696	$64,963
2022	$611,440	$414,788	$368,825	$196,652
2021	$307,617	$323,457	$180,385	$-15,840
2020	$407,255	$311,775	$191,472	$95,480
2019	$371,980	$346,409	$101,989	$25,571
2018	$333,743	$287,499	$69,971	$46,244

AFTER SCHOOL LATCHKEY PROGRAM