MID-CITIES LEARNING CENTER INC (EIN 751336797) - 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

1972

Legal Domicile

Principal Officer

JAMES WHITFIELD

Phone

8172831771

Tax Period

2024-09-01 to 2025-08-31

MID-CITIES LEARNING CENTER INC, founded in 1972, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Expenses of $4.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

SUPPORT SERVICES & ENRICHMENT PROGRAMS FOR THE PRIMARY AND SECONDARY SCHOOL.

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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 $44,833

Program Service Revenue $3,548,506

Investment Income $11,483

Other Revenue $0

TOTAL REVENUE $3,604,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,498,554

Fundraising Expenses $0

Program Expenses $3,962,776

Other Expenses $825,275

TOTAL EXPENSES $4,323,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,604,822	$3,690,311	0.0%
Expenses	$4,323,829	$3,963,831	+0.1%
Net Income	$-719,007	$-273,520	+1.6%

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

$262,797

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MIKE SACKEN	PRESIDENT	1.00	Director	$0	$0	$0
ANTHONY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER DOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
DION BROOKS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR BILLY SNOW	BOARD MEMBER	1.00	Director	$0	$0	$0
BRODERICK WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
ABIGAIL SHEETS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES WHITFIELD	DIRECTOR	40.00	Officer	$150,800	$0	$150,800
STEPHANIE KAIMANA	FINANCE MANAGER	40.00	Officer	$111,997	$0	$111,997

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	$3,604,822	$4,323,829	$2,788,731	$-719,007
2024	$3,690,311	$3,963,831	$3,528,307	$-273,520
2023	$3,314,890	$3,378,301	$3,784,760	$-63,411
2022	$3,061,807	$3,436,570	$3,866,575	$-374,763
2021	$3,393,583	$3,440,135	$4,230,463	$-46,552
2020	$3,543,782	$3,389,746	$4,264,716	$154,036
2019	$3,201,377	$3,126,751	$4,081,505	$74,626
2018	$2,952,947	$2,975,715	$4,046,269	$-22,768

MID-CITIES LEARNING CENTER INC