MICHAEL SCOTT LEARNING CENTER

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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

2001

Legal Domicile

Principal Officer

LORI PHILLIPS

Phone

2566639323

Tax Period

2021-01-01 to 2021-12-31

MICHAEL SCOTT LEARNING CENTER, founded in 2001, is a micro nonprofit in the Education sector that reported $31K in total revenue in fiscal year 2021. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $57K exceeded revenue, resulting in a 84% operating deficit.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $40,294

MICHAEL SCOTT LEARNING CENTER - YOUTH AND ADULT EDUCATIONAL, HISTORICAL, AND ENRICHMENT PROGRAMS; SUPPORT AS REQUESTED FOR LIBRARY ACTIVITIES THAT BENEFIT THE COMMUNITY

Program 2

Expenses: $2,354

BACK TO SCHOOL ENRICHMENT - THE BACK TO SCHOOL ENRICHMENT PROGRAM, HELD IN AUGUST, PROVIDED READING INSTRUCTION THROUGH LEVELED READERS, BIG BOOKS, AND READING GAMES THAT FOCUSED ON LONG AND SHORT...

BACK TO SCHOOL ENRICHMENT - THE BACK TO SCHOOL ENRICHMENT PROGRAM, HELD IN AUGUST, PROVIDED READING INSTRUCTION THROUGH LEVELED READERS, BIG BOOKS, AND READING GAMES THAT FOCUSED ON LONG AND SHORT VOWELS. HANDS-ON MATH ACTIVITIES COVERED MEASUREMENT, TELLING TIME, AND COUNTING MONEY. ART ACTIVITIES SNACKS, AND OUTDOOR ACTIVITIES WERE PLANNED TO INCORPORATE THE VOWEL FOR THE DAY. OF THE TWENTY STUDENTS ENROLLED FOR THE PROGRAM, THIRTEEN WERE LOW INCOME AND ATTENDED AT NO COST TO THE FAMILY. ALL STUDENTS WHO ATTENDED RECEIVED A PACKET OF SCHOOL SUPPLIES FOR THE COMING YEAR.

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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 (2021)

Revenue Breakdown

Contributions & Grants $30,061

Program Service Revenue $0

Investment Income $1,101

Other Revenue $0

TOTAL REVENUE $31,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,476

Fundraising Expenses $0

Program Expenses $42,648

Other Expenses $28,974

TOTAL EXPENSES $57,450

Year-over-Year Comparison

	2021	2020	Change
Revenue	$31,162	$44,103	-0.3%
Expenses	$57,450	$34,308	+0.7%
Net Income	$-26,288	$9,795	-3.7%

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

N/A

Employees

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

Total Directors

$27,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN HUBBARD	PRESIDENT	10.00	Director	$0	$0	$0
PATRICIA SENTELL	VICE-PRESIDENT	10.00	Director	$0	$0	$0
MARGARET BENNETT	SECRETARY	10.00	Director	$0	$0	$0
LORI PHILLIPS	TREASURER	10.00	Director	$0	$0	$0
CRYSTAL MCCRARY	DIRECTOR	10.00	Director	$27,000	$0	$27,000

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
2021	$31,162	$57,450	$222,375	$-26,288
2020	$44,103	$34,308	$257,124	$9,795
2019	$40,557	$70,827	$247,329	$-30,270
2018	$55,300	$69,780	$277,599	$-14,480