WISCONSIN INDEPENDENT LEARNING COLLEGE INC (EIN 454309128) - 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

2012

Legal Domicile

Principal Officer

LINDA SUMWALT

Phone

2623327334

Tax Period

2024-01-01 to 2024-12-31

WISCONSIN INDEPENDENT LEARNING COLLEGE INC, founded in 2012, is a small nonprofit in the Education sector that reported $644K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 19% operating margin.

Mission

AUTISM SPECIFIC PROGRAMS - AGES 18 AND OVER - PROVIDING DAILY LIVING SKILLS & PRE-VOCATIONAL TRAINING UTILIZING ACADEMICS AND VARIOUS MODES TO TEACH COMMUNICATION SKILLS.

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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 $14,820

Program Service Revenue $542,129

Investment Income $6,921

Other Revenue $80,381

TOTAL REVENUE $644,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $402,595

Fundraising Expenses $0

Program Expenses $523,009

Other Expenses $120,414

TOTAL EXPENSES $523,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$644,251	$481,296	+0.3%
Expenses	$523,009	$538,954	0.0%
Net Income	$121,242	$-57,658	-3.1%

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

Governance

Voting Members

Independent Members

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
LINDA SUMWALT	PRESIDENT	4.00	Officer Director	$0	$0	$0
MICHAEL PREVITE	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
KATHY WEIDENMAN	SECRETARY	4.00	Officer Director	$0	$0	$0
CHRISTINA DERRA	TREASURER	4.00	Officer Director	$0	$0	$0
JOE PIEPER	GENERAL MEMB	4.00	Director	$0	$0	$0
JULIE REIELS	GENERAL MEMB	4.00	Director	$0	$0	$0
AHMET DEMIRBILEK	GENERAL MEMB	4.00	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	$644,251	$523,009	$275,044	$121,242
2023	$481,296	$538,954	$165,953	$-57,658
2022	$458,962	$578,323	$160,213	$-119,361
2021	$627,306	$545,446	$279,318	$81,860
2020	$434,684	$458,484	$224,678	$-23,800
2019	$533,219	$492,465	$235,280	$40,754
2018	$399,475	$367,848	$173,937	$31,627

WISCONSIN INDEPENDENT LEARNING COLLEGE INC