LIFELONG LEARNING ADMINISTRATION CORPORATION

EIN: 475307489 501(c)(3) Education

LANCASTER, CA

Total Revenue
$75,470,892
Total Expenses
$73,457,876
Total Assets
$63,395,531
Net Assets
$38,331,023
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Principal Officer
PETER FARAGIA
Phone
6612721225
Tax Period
2024-07-01 to 2025-06-30

LIFELONG LEARNING ADMINISTRATION CORPORATION, founded in 2015, is a mid-sized nonprofit in the Education sector that reported $75.5M in total revenue in fiscal year 2024.

Mission

LIFELONG LEARNING ADMINISTRATION CORPORATION'S LLAC MISSION IS TO ASSIST IN THE FULFILMENT OF THE PURPOSE OF, EACH OF ITS SUPPORTED ORGANIZATIONS, AND WITHIN SUCH PURPOSES TO SOLVE THE DROPOUT EPIDEMIC ACROSS THE NATION, ONE COMMUNITY AT A TIME. LLAC HELPS SUPPORTED ORGANIZATIONS ELIMINATE THE OBSTACLES THAT GET IN THE WAY OF STUDENT SUCCESS. LLAC WILL CONTINUE TO BE A STRONG, POSITIVE FORCE, PIONEERING THE WAY EDUCATION IS DELIVERED TO STUDENTS WHO NEED IT THE MOST.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $271,707
Program Service Revenue $73,238,174
Investment Income $1,096,005
Other Revenue $865,006
TOTAL REVENUE $75,470,892

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,469,836
Fundraising Expenses $0
Program Expenses $61,920,418
Other Expenses $21,988,040
TOTAL EXPENSES $73,457,876

Year-over-Year Comparison

2024 2023 Change
Revenue $75,470,892 $72,886,639 +0.0%
Expenses $73,457,876 $67,139,426 +0.1%
Net Income $2,013,016 $5,747,213 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
447
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
3
$932,315
Total Directors
2
$21,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER FARAGIA CEO 40.00
Officer
$454,733 $49,343 $504,076
SKIP HANSEN PRESIDENT 40.00
$397,989 $81,411 $479,400
CHAD GRAY COO 40.00
$379,215 $88,911 $468,126
GUITA SHARIFI CFO 40.00
Officer
$359,704 $62,535 $422,239
CHRISTOPHER HODGE CHIEF ACADEMIC & PRODUCTION OFFICER 40.00
$301,046 $88,911 $389,957
Robert Morales Chief External Affairs Officer 40.00
$329,606 $43,666 $373,272
Nicole Perkins Chief HR Officer 40.00
$290,055 $55,976 $346,031
CLAUDIO WOHL SENIOR VP FINANCE 40.00
$266,592 $69,412 $336,004
Dante M Simi SR VP FACILITIES 40.00
$272,560 $61,974 $334,534
PATRICK D HILL VP OPPORTUNITY 40.00
$259,063 $69,474 $328,537
MICHELLE LOPEZ VP LEGAL COUNSEL 40.00
$265,296 $50,659 $315,955
Valerie Chase SR VP BUSINESS 40.00
$255,691 $57,659 $313,350
ETHAN JOHNSON Director 1.00
Director
$10,500 $0 $10,500
RAWLEIGH SMITH Director 1.00
Director
$10,500 $0 $10,500
DAVID MAHAFFY President 1.00
Officer
$6,000 $0 $6,000
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 $75,470,892 $73,457,876 $63,395,531 $2,013,016
2024 $72,886,639 $67,139,426 $64,325,648 $5,747,213
2023 $69,394,698 $62,933,967 $53,730,108 $6,460,731
2022 $55,092,930 $53,320,447 $27,463,847 $1,772,483
2021 $53,959,766 $48,880,398 $25,266,460 $5,079,368
2020 $52,363,028 $49,991,833 $24,295,978 $2,371,195
2020 $52,363,028 $49,991,833 $24,295,978 $2,371,195
2019 $44,274,182 $43,394,563 $21,988,506 $879,619
2018 $38,967,394 $32,289,338 $19,945,255 $6,678,056
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