Passion for LearningInc (EIN 510513238) - 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

2004

Legal Domicile

Principal Officer

Alan S Gregerman

Phone

3016608937

Tax Period

2024-07-01 to 2025-06-30

Passion for LearningInc, founded in 2004, is a small nonprofit in the Education sector that reported $160K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $210K exceeded revenue, resulting in a 31% operating deficit.

Mission

Provide after school digital technology enrichment for youth, focusing on students of color from low-income families. Provide early college awareness and preparation programs.Help students thrive and pursue their goals for post-secondary educations, credentials and careers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $156,519

Program Service Revenue $0

Investment Income $3,523

Other Revenue $0

TOTAL REVENUE $160,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,856

Fundraising Expenses $0

Program Expenses $160,889

Other Expenses $58,927

TOTAL EXPENSES $209,783

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,042	$100,898	+0.6%
Expenses	$209,783	$188,782	+0.1%
Net Income	$-49,741	$-87,884	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Ratz	Program Manager	40.00	Highest	$0	$0	$88,463
Annica Wayman	President	20.00	Director	$0	$0	$0
Jacquline Hilton	Trustee	2.00	Director	$0	$0	$0
Vikram Pant	Vice President	2.00	Director	$0	$0	$0
Thomas GentileEsq	Treasurer	2.00	Director	$0	$0	$0
Jennifer Hosey	Trustee	2.00	Director	$0	$0	$0
Kevin Webb	Trustee	2.00	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
2025	$160,042	$209,783	$19,731	$-49,741
2024	$100,898	$188,782	$84,438	$-87,884
2023	$123,844	$182,568	$173,623	$-58,724
2022	$153,605	$152,826	$226,557	$779
2021	$165,639	$161,578	$225,435	$4,061
2020	$199,855	$164,310	$221,984	$35,545
2019	$213,171	$215,735	No data	$-2,564

Passion for LearningInc