ADULT LEARNING CENTER

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

WILLIAM M BRASINGTON JR

Phone

8645624104

Tax Period

2024-07-01 to 2025-06-30

ADULT LEARNING CENTER, founded in 1994, is a small nonprofit in the Education sector that reported $394K in total revenue in fiscal year 2024.

Mission

TO ENRICH THE LIVES OF THE UNDER EDUCATED ADULTS OF SPARTANBURG COUNTY BY RAISING THEIR EDUCATIONAL LEVEL

Program Service Accomplishments

Program 1

Expenses: $330,307 Revenue: $10,849

INDIVIDUALS WERE SERVED THROUGH LITERACY SERVICES, GED PREPARATION, INSTRUCTION IN THE ENGLISH LANGUAGE, COMPUTER SKILLS SERVICES AND PRE-EMPLOYMENT TRAINING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $383,411

Program Service Revenue $10,849

Investment Income $27

Other Revenue $0

TOTAL REVENUE $394,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $279,287

Fundraising Expenses $0

Program Expenses $330,307

Other Expenses $113,545

TOTAL EXPENSES $392,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$394,287	$371,987	+0.1%
Expenses	$392,832	$367,408	+0.1%
Net Income	$1,455	$4,579	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$100,455

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH GAULT	BOARD MEMBER	20.00	Director	$0	$0	$0
ANNIE GROOVER	BOARD MEMBER, TREASURER	18.25	Officer Director	$0	$0	$0
SHIRLEY GLENN	BOARD MEMBER	11.25	Director	$0	$0	$0
SAUNDERS MCCOLLUM	BOARD MEMBER	14.25	Director	$0	$0	$0
RON SMITH	BOARD MEMBER, CHAIR	14.00	Officer Director	$0	$0	$0
GLORIA STEWART	BOARD MEMBER, SECRETARY	23.00	Officer Director	$0	$0	$0
NELLY EVDOKIMOVA	BOARD MEMBER	18.00	Director	$0	$0	$0
AJ KYLE	BOARD MEMBER	18.00	Director	$0	$0	$0
BROOKE HARDIN	BOARD MEMBER	9.00	Director	$0	$0	$0
WILLIAM BRASINGTON JR	DIRECTOR	40.00	Officer	$100,455	$0	$100,455

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	$394,287	$392,832	$103,241	$1,455
2024	$371,987	$367,408	$99,656	$4,579
2023	$365,327	$377,260	$93,666	$-11,933
2022	$363,693	$375,372	$104,100	$-11,679
2021	$407,672	$342,622	$115,271	$65,050
2020	$373,940	$350,882	$68,747	$23,058
2019	$332,232	$370,772	$46,795	$-38,540