LEARNING RESOURCE CENTER OF POLK COUNTY INC (EIN 510182646) - 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

1975

Legal Domicile

Phone

8636889477

Tax Period

2023-07-01 to 2024-06-30

LEARNING RESOURCE CENTER OF POLK COUNTY INC, founded in 1975, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

LEARNING RESOURCE CENTER OF POLK COUNTY, INC. PROVIDES SUPPLEMENTAL EDUCATIONAL PROGRAMS TO STUDENTS AGED PRE-K THROUGH ADULT.

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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 $339,020

Program Service Revenue $670,688

Investment Income $358

Other Revenue $46,307

TOTAL REVENUE $1,056,373

Expense Breakdown

Grants Paid $89,732

Salaries & Benefits $297,805

Fundraising Expenses $38,714

Program Expenses $1,042,285

Other Expenses $802,438

TOTAL EXPENSES $1,189,975

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,056,373	$1,126,941	-0.1%
Expenses	$1,189,975	$1,225,971	0.0%
Net Income	$-133,602	$-99,030	+0.3%

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

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

$86,921

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	EXECUTIVE DI	40.00	Officer	$86,921	$0	$86,921
ROBERT ELVESTER	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTEN HATHCOCK	MEMBER	1.00	Director	$0	$0	$0
DR SANDY HIGHTOWER	MEMBER	1.00	Director	$0	$0	$0
MARSHALL HURLEY	TREASURER/ P	1.00	Officer Director	$0	$0	$0
TREY HARDEN III	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN KELLEY	MEMBER	1.00	Director	$0	$0	$0
SARA OPPENHEIMER	MEMBER	1.00	Director	$0	$0	$0
LYLE PHILIPSON	MEMBER	1.00	Director	$0	$0	$0
JONATHAN SIEG	MEMBER	1.00	Director	$0	$0	$0
JASON WYATT	MEMBER	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
2024	$1,056,373	$1,189,975	$780,146	$-133,602
2023	$1,126,941	$1,225,971	$902,201	$-99,030
2022	$1,143,715	$1,167,308	$948,208	$-23,593
2021	$1,133,824	$1,055,197	$967,145	$78,627
2020	$1,010,081	$937,733	$905,176	$72,348
2019	$1,292,011	$1,183,497	$969,204	$108,514
2018	$948,459	$932,623	$900,148	$15,836

LEARNING RESOURCE CENTER OF POLK COUNTY INC