BANNER LEARNING CORP - CHICAGO (EIN 461909334) - 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

2013

Legal Domicile

Principal Officer

ERIC A CARLTON

Phone

5613386846

Tax Period

2023-01-01 to 2023-12-31

BANNER LEARNING CORP - CHICAGO, founded in 2013, is a small nonprofit in the Education sector that reported $502K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $132K, a strong 26% operating margin.

Mission

THE ORGANIZATION OPERATES ALTERNATIVE EDUCATION PROGRAMS IN THE CITY OF CHICAGO FOR STUDENTS WHO HAVE HAD DISCIPLINARY ISSUES OR NEED ALTERNATIVE PLACEMENTS FOR OTHER REASONS. THE ACTIVITY FURTHERS THE ORGANIZATION'S PURPOSE BECAUSE IT IS EXCLUSIVELY AN INNER-CITY PROGRAM.

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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 $502,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $502,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $370,403

Other Expenses $370,403

TOTAL EXPENSES $370,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$502,000	$1,179,152	-0.6%
Expenses	$370,403	$1,100,999	-0.7%
Net Income	$131,597	$78,153	+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

N/A

Employees

N/A

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
BARRY L COHEN	ASSISTANT DIRECTOR	30.00	Officer Director	$0	$0	$0
ERIC CARLTON	DIRECTOR	0.00	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	No data	No data	No data	No data
2023	$502,000	$370,403	$659,949	$131,597
2022	$1,179,152	$1,100,999	$528,352	$78,153
2021	$210,794	$62,243	$152,929	$148,551
2020	$11,411	$7,559	$4,378	$3,852
2019	No data	$6,107	$527	No data
2018	No data	$503	$2,858	No data

BANNER LEARNING CORP - CHICAGO