THE MATH LEARNING CENTER INC (EIN 510204735) - 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

1976

Legal Domicile

Principal Officer

RICHARD LUDEMAN

Phone

5033708130

Tax Period

2023-01-01 to 2023-12-31

THE MATH LEARNING CENTER INC, founded in 1976, is a mid-sized nonprofit in the Science & Technology sector that reported $40.5M in total revenue in fiscal year 2023. Expenses of $37.7M left a modest 7% surplus.

Mission

TO INSPIRE & ENABLE INDIVIDUALS TO DISCOVER AND DEVELOP THEIR MATHEMATICAL CONFIDENCE AND ABILITY.

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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 $39,929,083

Investment Income $491,993

Other Revenue $98,175

TOTAL REVENUE $40,519,251

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $10,074,081

Fundraising Expenses $0

Program Expenses $31,795,078

Other Expenses $27,548,189

TOTAL EXPENSES $37,682,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,519,251	$42,293,318	0.0%
Expenses	$37,682,270	$37,682,094	+0.0%
Net Income	$2,836,981	$4,611,224	-0.4%

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

$536,559

Total Directors

Key Employees

$598,874

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BURT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BONNIE ROSS	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM ZAHNER	SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH COYNER	DIRECTOR	1.00	Director	$0	$0	$0
RANIE LAMBE	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL STEWART	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE JOSEPH	DIRECTOR	1.00	Director	$0	$0	$0
DR REBEKAH ELLIOT	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LUDEMAN	CEO	40.00	Officer	$306,696	$16,000	$323,829
JILL NICKERSON	CFO	40.00	Officer	$194,627	$18,103	$212,730
MICHAEL WALLUS	VP OF EDUCATOR SUPPORT	40.00	Key Emp	$172,114	$14,988	$187,102
GEORGE VENNEBUSH	CHIEF LEARNING OFFICER	40.00	Key Emp	$225,500	$11,275	$236,775
KELLY ANDERSON	CHIEF PEOPLE OFFICER	40.00	Key Emp	$160,644	$14,353	$174,997
NICOLE RIGELMAN	CHIEF ACADEMIC OFFICER	40.00	Highest	$141,612	$2,832	$144,444
TIMOTHY GALES	DIRECTOR OF IT	40.00	Highest	$152,851	$15,980	$168,831
DIXIE MCCARTNEY	VP OF PUBLISHING & COMMUNICATIONS	40.00	Highest	$155,517	$7,406	$162,923
COREY DRAKE	SR DIRECTOR OF PROFESSIONAL LEARNING	40.00	Highest	$167,167	$17,725	$184,892
ANETTE CARROLL	SENIOR ADVISOR OF EDUCATOR SUPPORT	40.00	Highest	$131,372	$30,000	$161,372

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	No data	No data	No data	No data
2023	$40,519,251	$37,682,270	$61,713,753	$2,836,981
2022	$42,293,317	$37,682,094	$58,842,514	$4,611,223
2022	$42,293,318	$37,682,094	$57,878,432	$4,611,224
2021	$42,834,351	$36,840,776	$55,033,377	$5,993,575
2020	$37,023,170	$33,007,845	$50,062,087	$4,015,325
2019	$34,617,997	$28,111,799	$46,251,011	$6,506,198
2018	$29,555,774	$20,702,180	$36,273,173	$8,853,594

THE MATH LEARNING CENTER INC