INNOVATION LEARNING CENTER INC (EIN 472748316) - 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

2014

Legal Domicile

Principal Officer

KATHLEEN MAGRANE

Phone

6179087408

Tax Period

2019-07-01 to 2020-06-30

INNOVATION LEARNING CENTER INC, founded in 2014, is a micro nonprofit in the Education sector that reported $55K in total revenue in fiscal year 2019. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $103K exceeded revenue, resulting in a 86% operating deficit.

Mission

INNOVATION LEARNING CENTER INC SUPPORTS AGENCIES AND THEIR PARTNERS IN THEIR WORK TO INNOVATIVELY ENHANCE THE SOCIAL, EMOTIONAL AND EDUCATIONAL DEVELOPMENT OF CHILDREN AND YOUTH.

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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 (2019)

Revenue Breakdown

Contributions & Grants $55,328

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $55,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,547

Fundraising Expenses $0

Program Expenses $92,287

Other Expenses $59,098

TOTAL EXPENSES $102,645

Year-over-Year Comparison

	2019	2018	Change
Revenue	$55,330	$124,202	-0.6%
Expenses	$102,645	$123,430	-0.2%
Net Income	$-47,315	$772	-62.3%

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

$39,936

Total Directors

$39,936

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN MAGRANE	PRESIDENT	40.00	Officer Director	$39,936	$0	$39,936
KASEY APPLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH BALDERSTON	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN KELLY	TREASURER	5.00	Officer Director	$0	$0	$0
CHRISTOPHER MULCAHY	CLERK	5.00	Officer Director	$0	$0	$0
JOANE SUAREZ	DIRECTOR	1.00	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
2020	$55,330	$102,645	$58,194	$-47,315

INNOVATION LEARNING CENTER INC