EXPLORATION STATION (EIN 471735132) - 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

2016

Legal Domicile

Principal Officer

Alison Welch

Phone

6362538040

Tax Period

2023-09-01 to 2024-08-31

EXPLORATION STATION, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 19% operating deficit.

Mission

It is the mission of The Exploration Station to provide safe, high quality child care and education to families in our community at an affordable rate.

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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 $104,699

Program Service Revenue $999,423

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,104,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $864,549

Fundraising Expenses $2,900

Program Expenses $1,173,332

Other Expenses $451,409

TOTAL EXPENSES $1,315,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,104,122	$1,480,995	-0.3%
Expenses	$1,315,958	$1,085,269	+0.2%
Net Income	$-211,836	$395,726	-1.5%

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

$96,710

Total Directors

$96,710

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alison Welch	President	40	Officer Director	$58,880	$0	$58,880
Glenray Spencer	Vice-President	40	Officer Director	$37,830	$0	$37,830
Kim Clayton	Secretary	0	Officer Director	$0	$0	$0
Lisa Weitzel	Treasurer	0	Officer Director	$0	$0	$0
Rebecca Simpiher	Officer	0	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	$1,104,122	$1,315,958	$763,321	$-211,836
2023	$1,480,995	$1,085,269	$385,506	$395,726
2022	$713,980	$651,586	$20,309	$62,394
2022	$713,980	$651,586	$68,927	$62,394
2021	$513,139	$488,710	$93,897	$24,429
2020	$395,393	$389,326	$73,769	$6,067

EXPLORATION STATION