The George B Thomas Sr Learning Ac… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

Lakeisha D Lashley Exec Direc

Phone

3012878980

Tax Period

2024-07-01 to 2025-06-30

The George B Thomas Sr Learning Academy Inc, founded in 1995, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024.

Mission

The mission is to accelerate students mastery of core academic subjects and to close the achievement gap. The George B. Thomas Sr. Learning Academy, Inc. has been in in operation since 1986 and has enhanced the academic achievment of 1,000s of children in Montgomery County, MD.

Program Service Accomplishments

Program 1

Expenses: $729,054

The core program of the George B. Thomas, Sr. Learning Academy, Saturday School offers tutoring and mentoring in reading/language arts, mathematics, and test taking skills for students in grades...

The core program of the George B. Thomas, Sr. Learning Academy, Saturday School offers tutoring and mentoring in reading/language arts, mathematics, and test taking skills for students in grades 1-12. The curriculum is aligned with the Montgomery County Public Schools. Grade 1 through 8 focus on reading, language arts and math. Grades 9 through 12 focus on core subjects (English and Math); support of High School Assessments; HSA Bridge Support available at selected sites. College and careeer readiness is emphasized.

Program 2

Expenses: $659,308

The GBTLA became a sponsor of the AmeriCorps program Project CHANGE during fiscal year 2007. AmeriCorps strives to Get things done in America to make people safer, smarter, and healthier. Project...

The GBTLA became a sponsor of the AmeriCorps program Project CHANGE during fiscal year 2007. AmeriCorps strives to Get things done in America to make people safer, smarter, and healthier. Project CHANGE placed over 23 AmericCorps members working with 14 non-profit organizations and government agencies to further the mission of the AmeriCorps program.

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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 $1,492,086

Program Service Revenue $77,495

Investment Income $4,775

Other Revenue $15,345

TOTAL REVENUE $1,589,701

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $1,133,517

Fundraising Expenses $72,516

Program Expenses $1,388,362

Other Expenses $502,448

TOTAL EXPENSES $1,637,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,589,701	$1,626,068	0.0%
Expenses	$1,637,965	$1,572,975	+0.0%
Net Income	$-48,264	$53,093	-1.9%

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

316

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

$31,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Khadija F Barkley	N/A	25.00	Officer	$0	$31,625	$31,625
James E Rodgers	N/A	1.00	Director	$0	$0	$0
Hoan M Dang	Member	1.00	Director	$0	$0	$0
Leonard Haynes III	Member	0.50	Director	$0	$0	$0
Paul L Scott	Treasurer	0.50	Director	$0	$0	$0
Lorenzo O Prillman	Member	0.50	Director	$0	$0	$0
Lauren S Peirce	Member	0.50	Director	$0	$0	$0
Eric Bailey	Member	0.50	Director	$0	$0	$0
Edmund Stevens	Member	0.50	Director	$0	$0	$0
Adam D Mckee	Member	0.50	Director	$0	$0	$0
Hula C Edmonds	N/A	1.00	Officer	$0	$0	$0
David L Hill	N/A	0.50	Officer	$0	$0	$0
Lakeisha D Lashley	N/A	0.00	Officer	$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	$1,589,701	$1,637,965	$876,958	$-48,264
2024	No data	No data	No data	No data
2023	$1,714,365	$1,675,280	$930,513	$39,085
2022	$1,531,063	$1,475,880	$848,012	$55,183
2021	$1,815,397	$1,838,715	$812,371	$-23,318
2020	$1,713,284	$1,608,516	$862,692	$104,768
2019	$1,660,417	$1,668,460	$716,024	$-8,043
2018	$1,715,864	$1,616,677	$746,847	$99,187

The George B Thomas Sr Learning Academy Inc