THE LEARNING COMMUNITY SCHOOL INC

EIN: 561983786 501(c)(3) Education

SWANNANOA, NC

Total Revenue
$2,337,988
Total Expenses
$2,372,173
Total Assets
$3,981,866
Net Assets
$1,076,119
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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
1996
Legal Domicile
NC
Phone
8286863080
Tax Period
2024-06-01 to 2025-05-31

THE LEARNING COMMUNITY SCHOOL INC, founded in 1996, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

EDUCATION OF STUDENTS GRADES KINDERGARTEN THRU 8TH OFFERING EXPERIENTIAL LEARNING, PERSONALIZED INSTRUCTION (10:1 STUDENT TEACHER RATIO), TEAM CONFLICT RESOLUTION, HIGH ACADEMIC STANDARDS AND MULTI AGE CLASSES AND MENTORSHIP.

Program Service Accomplishments

Program 1
Expenses: $2,038,851

THE LEARNING COMMUNITY SCHOOL ENGAGES ALL COMMUNITY MEMBERS IN STRONG ACADEMICS AND THE ARTS THROUGH DYNAMIC TEACHING AND TRANSFORMATIVE EXPERIENCES IN A SUPPORTIVE OUTDOOR LEARNING ENVIRONMENT. THE...

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THE LEARNING COMMUNITY SCHOOL ENGAGES ALL COMMUNITY MEMBERS IN STRONG ACADEMICS AND THE ARTS THROUGH DYNAMIC TEACHING AND TRANSFORMATIVE EXPERIENCES IN A SUPPORTIVE OUTDOOR LEARNING ENVIRONMENT. THE LEARNING COMMUNITY SCHOOL PROVIDES AN OUTSTANDING EDUCATION FOR KINDERGARTEN THROUGH EIGHTH GRADE STUDENTS. THE UNIQUE NEEDS OF EACH CHILD ARE MET THROUGH EXPERIENTIAL LEARNING, VISUAL AND PERFORMING ARTS, OUTDOOR EDUCATION, SERVICE, AND CHALLENGING ACADEMICS PAIRED WITH AN EMPHASIS ON SOCIAL AND EMOTIONAL INTELLIGENCE. WE CREATE COMMUNITY WITH MULTI-AGE CLASSROOMS, A TEAM-BUILDING CURRICULUM THAT IS INTEGRATED THROUGHOUT EACH SCHOOL DAY, ALL-SCHOOL ACTIVITIES, AND PARENT INVOLVEMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $313,218
Program Service Revenue $1,867,495
Investment Income $111,522
Other Revenue $45,753
TOTAL REVENUE $2,337,988

Expense Breakdown

Grants Paid $252,628
Salaries & Benefits $1,569,368
Fundraising Expenses $6,212
Program Expenses $2,038,851
Other Expenses $550,177
TOTAL EXPENSES $2,372,173

Year-over-Year Comparison

2024 2023 Change
Revenue $2,337,988 $2,148,680 +0.1%
Expenses $2,372,173 $2,414,282 0.0%
Net Income $-34,185 $-265,602 -0.9%
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

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Governance

Voting Members
8
Independent Members
8
Employees
51
Volunteers
100

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY DUGGAN BOARD MEMBER 0.50
Director
$0 $0 $0
GRACE DUNN BOARD MEMBER 0.50
Director
$0 $0 $0
CATHERINE COPE BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE RESMA BOARD MEMBER 0.50
Director
$0 $0 $0
KRISTINA DIONNE CO-CHAIR 2.00
Officer
$0 $0 $0
APRIL BROWN CO-CHAIR 2.00
Officer
$0 $0 $0
KATIE BUTTON TREASURER 1.00
Officer
$0 $0 $0
ADAM TORREY SECRETARY 1.00
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 $2,337,988 $2,372,173 $3,981,866 $-34,185
2023 $2,114,128 $2,080,860 $4,222,601 $33,268
2022 $1,413,499 $1,343,859 $2,663,563 $69,640
2021 $1,165,880 $1,119,713 $2,280,104 $46,167
2020 $1,176,940 $1,005,151 $2,253,245 $171,789
2019 $1,377,582 $932,921 $1,851,543 $444,661
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