KEYS LEARNING CENTER LLC

EIN: 450600068 501(c)(3) Education

KEY WEST, FL

Total Revenue
$263,655
Total Expenses
$249,996
Total Assets
$42,974
Net Assets
$42,974
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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
2009
Legal Domicile
FL
Principal Officer
MICHAEL HALPERN
Phone
3057316696
Tax Period
2024-01-01 to 2024-12-31

KEYS LEARNING CENTER LLC, founded in 2009, is a small nonprofit in the Education sector that reported $264K in total revenue in fiscal year 2024. Expenses of $250K left a modest 5% surplus.

Mission

TO OPERATE AND MAINTAIN A TUTORING FACILITY IN KEY WEST FLORIDA SERVING OVER 300 STUDENTS AND MEMBERS OF THE COMMUNITY WITH MORE THAN 13 DIFFERENT STUDY PROGRAMS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $263,655
Investment Income $0
Other Revenue $0
TOTAL REVENUE $263,655

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,841
Fundraising Expenses $1,268
Program Expenses $248,728
Other Expenses $167,887
TOTAL EXPENSES $249,996

Year-over-Year Comparison

2024 2023 Change
Revenue $263,655 $254,113 +0.0%
Expenses $249,996 $241,350 +0.0%
Net Income $13,659 $12,763 +0.1%
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

Financial Distress Indicator

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
1
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
1
$72,917
Total Directors
1
$72,917
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS WRIGHT EXECUTIVE DI 40.00
Officer Director
$72,917 $0 $72,917
MICHAEL HALPERN DIRECTOR 1.00
$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 $263,655 $249,996 $42,974 $13,659
2023 $254,113 $241,350 $29,615 $12,763
2022 $249,327 $238,207 $17,657 $11,120
2020 $219,702 $207,204 $27,948 $12,498
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