ADAPTIVE LEARNING CENTER (EIN 680268860) - 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

1992

Legal Domicile

Phone

9258273863

Tax Period

2023-01-01 to 2023-12-31

ADAPTIVE LEARNING CENTER, founded in 1992, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Expenses of $1.9M left a modest 14% surplus.

Mission

THE ORGANIZATION IS COMMITTED TO FACILITATING GROWTH AND ACHIEVEMENT THROUGH CONTINUOUS EDUCATION IN THE LIVES OF ADULTS THAT ARE CHALLENGED WITH NEURODEVELOPMENTAL DISABILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $94,357

Program Service Revenue $2,064,775

Investment Income $20,311

Other Revenue $0

TOTAL REVENUE $2,179,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,548,279

Fundraising Expenses $8,276

Program Expenses $1,682,138

Other Expenses $324,143

TOTAL EXPENSES $1,872,422

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,179,443	$2,032,051	+0.1%
Expenses	$1,872,422	$1,685,471	+0.1%
Net Income	$307,021	$346,580	-0.1%

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

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

$178,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY ROWE	Executive Dir.	40.00	Officer	$173,087	$5,759	$178,846
SUSAN MICHELETTI	President	4.00	Officer Director	$0	$0	$0
STUART GILLIAM	Vice President	4.00	Officer Director	$0	$0	$0
RICK FOWLER	Treasurer	4.00	Officer Director	$0	$0	$0
SHELBI WALKER	Secretary	4.00	Officer Director	$0	$0	$0
MURIEL WILSON	Director	2.00	Director	$0	$0	$0
JOAN FORTE	Director	2.00	Director	$0	$0	$0
ROB EDWARDS	Director	2.00	Director	$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
2024	No data	No data	No data	No data
2023	$2,179,443	$1,872,422	$2,800,133	$307,021
2023	$2,221,532	$1,872,422	$2,840,600	$349,110
2022	$2,032,051	$1,685,471	$2,448,547	$346,580
2021	$1,950,669	$1,775,738	$2,238,638	$174,931
2020	$2,054,857	$1,687,820	$2,067,337	$367,037
2019	$1,650,361	$1,491,231	$1,659,558	$159,130
2018	$1,490,802	$1,369,243	$1,514,485	$121,559

ADAPTIVE LEARNING CENTER