APPRENTICE LEARNING 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

2012

Legal Domicile

Principal Officer

LETTA NEELY

Phone

6172213912

Tax Period

2024-07-01 to 2025-06-30

APPRENTICE LEARNING INC, founded in 2012, is a community nonprofit in the Youth Development sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $244K, a strong 17% operating margin.

Mission

APPRENTICE LEARNING PROVIDES REAL-WORLD WORK EXPERIENCES FOR MIDDLE SCHOOL STUDENTS. WE LEVERAGE CAREER EXPLORATION TO TEACH SKILLS AND TO NUTURE DREAMS.

Program Service Accomplishments

Program 1

Expenses: $730,030 Revenue: $464,010

APPRENTICE LEARNING SERVES OVER 450 YOUTH PER YEAR IN PARTNERSHIP WITH FIVE BOSTON PUBLIC SCHOOLS IN DORCHESTER, JAMAICA PLAIN, AND ROXBURY. UNIQUE AMONG MIDDLE SCHOOL CAREER PROGRAMS, APPRENTICE...

APPRENTICE LEARNING SERVES OVER 450 YOUTH PER YEAR IN PARTNERSHIP WITH FIVE BOSTON PUBLIC SCHOOLS IN DORCHESTER, JAMAICA PLAIN, AND ROXBURY. UNIQUE AMONG MIDDLE SCHOOL CAREER PROGRAMS, APPRENTICE LEARNING IS INTEGRATED INTO THE SCHOOL DAY BEGINNING IN THE SEVENTH GRADE, LEADING TO A WORKPLACE-BASED APPRENTICESHIP IN EIGHTH GRADE, AND TO PAID SUMMER AND AFTER-SCHOOL INTERNSHIP OPPORTUNITIES AND JOB REFERRALS FOR RISING AND CURRENT NINTH GRADE STUDENTS.

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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 $894,663

Program Service Revenue $464,010

Investment Income $35,669

Other Revenue $0

TOTAL REVENUE $1,394,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $669,359

Fundraising Expenses $291,762

Program Expenses $730,030

Other Expenses $481,186

TOTAL EXPENSES $1,150,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,394,342	$1,604,886	-0.1%
Expenses	$1,150,545	$1,028,792	+0.1%
Net Income	$243,797	$576,094	-0.6%

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

$228,858

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA KIROUAC	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRIS SCHULTZ	TREASURER	5.00	Officer Director	$0	$0	$0
ELIZABETH WALCZAK	CLERK	5.00	Officer Director	$0	$0	$0
JUSTIN MCLEAN	DIRECTOR	2.00	Director	$0	$0	$0
ROHIT CHANDRA	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN FUDGE	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH SANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
MADELEINE RODRIGUEZ	DIRECTOR	2.00	Director	$0	$0	$0
PENNIE GREGORY	DIRECTOR	2.00	Director	$0	$0	$0
MAGUIRE DALPORTO	DIRECTOR	2.00	Director	$0	$0	$0
THERESA BREWER	DIRECTOR	2.00	Director	$0	$0	$0
LETTA NEELY	EXECUTIVE DI	40.00	Officer	$114,664	$7,043	$121,707
KELLY MOSLEY	VP OF OPERAT	40.00	Officer	$102,754	$4,397	$107,151

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
2025	$1,394,342	$1,150,545	$1,980,846	$243,797
2024	$1,604,886	$1,028,792	$1,636,776	$576,094
2023	$1,172,867	$1,038,598	$1,006,581	$134,269
2022	$764,583	$741,774	$858,808	$22,809
2021	$859,219	$457,316	$859,606	$401,903
2020	$428,534	$376,360	$465,472	$52,174
2019	$441,039	$379,270	$364,297	$61,769
2018	$342,052	$330,778	$299,503	$11,274