LEARNING RESOURCES NETWORK INC (EIN 480908569) - 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

1977

Legal Domicile

Principal Officer

William Draves

Phone

8006785376

Tax Period

2023-07-01 to 2024-06-30

LEARNING RESOURCES NETWORK INC, founded in 1977, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

LERN is an international association of lifelong learning organizations, offering technical assistance expertise and services to providers of lifelong learning.

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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 $1,618,437

Investment Income $18,148

Other Revenue $0

TOTAL REVENUE $1,636,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $754,762

Fundraising Expenses $0

Program Expenses $971,799

Other Expenses $965,216

TOTAL EXPENSES $1,719,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,636,585	$1,883,719	-0.1%
Expenses	$1,719,978	$1,719,913	+0.0%
Net Income	$-83,393	$163,806	-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

$166,419

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Draves	President	40	Officer	$83,485	$21,984	$105,469
Julia Coates Draves	Senior Vice President	40	Officer	$57,500	$3,450	$60,950
Jill Korsok	Chair	1	Director	$0	$0	$0
Scott Cashman	Immediate Past Chair	1	Director	$0	$0	$0
Tim Litfin	Director	1	Director	$0	$0	$0
Paula Hogard	Director	1	Director	$0	$0	$0
Amystique Church	Director	1	Director	$0	$0	$0
Perry Harker	Co-Chair Elect	1	Director	$0	$0	$0
Beth Pinargote	Co-Chair Elect	1	Director	$0	$0	$0
Elisa Waldman	Director	1	Director	$0	$0	$0
Rodney Holt	Director	1	Director	$0	$0	$0
Carlotta Wade	Director	1	Director	$0	$0	$0
Betty Sedor	Director	1	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	$1,636,585	$1,719,978	$1,601,577	$-83,393
2023	$1,883,719	$1,719,913	$1,690,780	$163,806
2022	$2,126,100	$1,807,492	$1,529,261	$318,608
2021	$2,083,989	$1,872,044	$1,748,486	$211,945
2020	$2,462,924	$2,896,705	$1,924,447	$-433,781
2019	$2,379,775	$2,243,353	$1,585,568	$136,422

LEARNING RESOURCES NETWORK INC