THE SOURCE FOR LEARNING INC (EIN 521279689) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

LYNN REJNIAK

Phone

7038609200

Tax Period

2023-01-01 to 2023-12-31

THE SOURCE FOR LEARNING INC, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.9M in total revenue in fiscal year 2018. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.7M, a strong 60% operating margin.

Mission

TO PROVIDE HIGH-QUALITY, TECHNOLOGY-BASED CONTENT AND SERVICES THAT ENHANCE LEARNING FOR ALL CHILDREN, AND TO EMPOWER TEACHERS, CHILD CARE PROVIDERS, AND PARENTS TO SUPPORT THAT LEARNING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,680,857

Program Service Revenue $0

Investment Income $2,452,596

Other Revenue $5,966,463

TOTAL REVENUE $10,099,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,464,805

Fundraising Expenses $45,737

Program Expenses $3,596,311

Other Expenses $2,242,615

TOTAL EXPENSES $4,707,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,099,916	$8,026,448	+0.3%
Expenses	$4,707,420	$5,019,390	-0.1%
Net Income	$5,392,496	$3,007,058	+0.8%

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

$376,623

Total Directors

$376,623

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN DAVIS EDD	DIRECTOR	2.00	Director	$0	$0	$0
BONITA HAMILTON EDD	DIRECTOR	2.00	Director	$0	$0	$0
CARLOS A GONZALEZ ESQ	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CHUCK BURBRIDGE	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID W TAYLOR EDD	DIRECTOR	2.00	Director	$0	$0	$0
DR GREGORY C HUTCHINGS JR	DIRECTOR	2.00	Director	$0	$0	$0
LYNN M REJNIAK	PRESIDENT/CEO	40.00	Officer Director	$254,009	$122,614	$376,623
MARCIA A BEXLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT FINCH	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN GORSKI	DIRECTOR	40.00	Director	$0	$0	$0
TONI CACACE-BESHEARS	VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
WILLIAM H HARRIS EDD	DIRECTOR	2.00	Director	$0	$0	$0
A RUTH OKOYE	DIRECTOR, K-12 INITIATIVES	40.00	Highest	$147,593	$23,702	$171,295
BRIDGET ANDERSON	DIRECTOR, COMMUNITY BUSINE	40.00	Highest	$130,420	$29,360	$159,780
JENNIFER KOSHUTE	SENIOR MANAGER, MARKETING	40.00	Highest	$125,920	$16,560	$142,480
KAMNA SETH	DIRECTOR, EARLY CHILDHOOD	40.00	Highest	$152,484	$30,842	$183,326
MELISSA HENNING	OFFICER	40.00	Highest	$118,495	$11,160	$129,655

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	$10,099,916	$4,707,420	$80,467,494	$5,392,496
2022	$8,026,448	$5,019,390	$69,394,008	$3,007,058
2021	$9,603,490	$3,983,475	$77,116,189	$5,620,015
2020	$7,373,053	$4,112,652	$69,198,317	$3,260,401
2019	$7,051,089	$3,096,128	$61,634,601	$3,954,961
2018	$7,856,910	$3,176,930	$52,364,884	$4,679,980

THE SOURCE FOR LEARNING INC