EARLY LEARNING PROPERTY MANAGEMENT INC (EIN 582491036) - 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

1999

Legal Domicile

Principal Officer

KARA PORTNELL

Phone

6783771777

Tax Period

2024-01-01 to 2024-12-31

EARLY LEARNING PROPERTY MANAGEMENT INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $934K, a strong 22% operating margin.

Mission

TO PROVIDE AFFORDABLE CLASSROOMS FOR EARLY LEARNING PROGRAMS HELPING DISADVANTAGED YOUTH IN GEORGIA THROUGH THE PURCHASE OR LEASE AND RENOVATION OR CONSTRUCTION OF CLASSROOM FACILITIES. THE FACILITIES ARE LEASED AT A BELOW-MARKET RATE TO EARLY LEARNING PROGRAMS, SUCH AS HEADSTART, THAT ARE 501(C)(3) ORGANIZATIONS. FACILITIES MAY ALSO BE PROVIDED TO EARLY LEARNING PROGRAMS THROUGH SALES, DIRECT FINANCING LEASES, OR DEVELOPMENT/CONSTRUCTION AGREEMENTS.

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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 $2,565,000

Program Service Revenue $1,386,819

Investment Income $375,040

Other Revenue $0

TOTAL REVENUE $4,326,859

Expense Breakdown

Grants Paid $1,372,073

Salaries & Benefits $454,037

Fundraising Expenses $0

Program Expenses $2,740,147

Other Expenses $1,567,101

TOTAL EXPENSES $3,393,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,326,859	$3,413,740	+0.3%
Expenses	$3,393,211	$2,842,341	+0.2%
Net Income	$933,648	$571,399	+0.6%

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

$203,332

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BEATY	CHAIRMAN (START 6/30/2024)	0.10	Officer Director	$0	$0	$0
DAVID HADDOW	CHAIRMAN (THRU 6/30/2024)	0.10	Officer Director	$0	$0	$0
DAVE MATHEWS	FINANCE COMMITTEE CHAIR	0.10	Officer Director	$0	$0	$0
EDRICK HARRIS	SECRETARY	0.10	Officer Director	$0	$0	$0
AUDREY IDAIKKADAR	TRUSTEE	0.10	Director	$0	$0	$0
DELILAH WYNN-BROWN	TRUSTEE	0.10	Director	$0	$0	$0
ELLYN COCHRAN	TRUSTEE	0.10	Director	$0	$0	$0
GAIL EDWARDS	TRUSTEE	0.10	Director	$0	$0	$0
JERE SMITH	TRUSTEE (THRU 6/30/2024)	0.10	Director	$0	$0	$0
MARK SUTTON	TRUSTEE	0.10	Director	$0	$0	$0
MARY PAT CROUCH	TRUSTEE	0.10	Director	$0	$0	$0
YOLANDA MARROQUIN	TRUSTEE	0.10	Director	$0	$0	$0
BANK HIPP	TRUSTEE (THRU 6/30/2024)	0.10	Director	$0	$0	$0
DONATA RUSSELL ROSS	TRUSTEE (THRU 6/30/2024)	0.10	Director	$0	$0	$0
KARA PORTNELL	EXECUTIVE DIRECTOR	50.00	Officer	$162,666	$40,666	$203,332
MICHAEL LUNTSFORD	PROJECT MANAGER/BUILDING OPERATIONS	40.00	Highest	$110,591	$0	$110,591

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	$4,326,859	$3,393,211	$28,811,622	$933,648
2023	$3,413,740	$2,842,341	$27,345,056	$571,399
2022	$2,392,427	$2,405,770	$26,367,579	$-13,343
2021	$2,751,537	$1,414,404	$26,441,881	$1,337,133
2020	$1,756,838	$1,270,881	$24,352,625	$485,957
2019	$1,612,125	$1,501,537	$23,476,922	$110,588
2018	$1,666,374	$1,428,021	$22,576,880	$238,353

EARLY LEARNING PROPERTY MANAGEMENT INC