LIFELONG LEARNING ADMINISTRATION C… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

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

LLAC'S 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. LLAC STRIVES TO HELP INCREASE THE OPERATIONAL AND ECONOMIC EFFICIENCIES OF OUR SUPPORTED ORGANIZATIONS THROUGH CONTRACTED SERVICES, INCLUDING, BUT NOT LIMITED TO: PROVIDING GENERAL OPERATIONAL ASSISTANCE, FILES AND RECORDS ADMINISTRATION, PUBLIC RELATIONS OVERSIGHT, FINANCIAL SERVICES INCLUDING ACCOUNTING, BOOKKEEPING, PAYROLL, AND PROCUREMENT FUNCTIONS, STRATEGIC PLANNING AND ASSISTANCE IN IMPLEMENTATION, RECOMMENDING POLICIES, RULES, REGULATIONS AND PROCEDURES, CORPORATE GOVERNANCE ADMINISTRATION, HUMAN CAPITAL ASSISTANCE E.G. ASSISTING IN EMPLOYING PRINCIPALS, ADM

Program Service Accomplishments

Program 1

Expenses: $61,920,418

WE PROVIDE CONTRACTED ADMINISTRATIVE AND OPERATIONAL SERVICES THAT HELP SUPPORTED ORGANIZATIONS REDUCE OVERHEAD COSTS AND IMPROVE EFFICIENCY. THIS ENABLES THEM TO FOCUS MORE RESOURCES ON THEIR...

WE PROVIDE CONTRACTED ADMINISTRATIVE AND OPERATIONAL SERVICES THAT HELP SUPPORTED ORGANIZATIONS REDUCE OVERHEAD COSTS AND IMPROVE EFFICIENCY. THIS ENABLES THEM TO FOCUS MORE RESOURCES ON THEIR EDUCATIONAL MISSION AND BETTER SUPPORT STAFF DEDICATED TO STUDENT LEARNING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

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

$932,315

Total Directors

$21,000

Key Employees

Highest Compensated

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

LIFELONG LEARNING ADMINISTRATION CORPORATION