LEARNING LAB VENTURES INC

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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

2017

Legal Domicile

Principal Officer

ROCHELLE GORES FREDSTON

Phone

6268644404

Tax Period

2019-07-01 to 2020-06-30

LEARNING LAB VENTURES INC, founded in 2017, is a small nonprofit that reported $385K in total revenue in fiscal year 2019. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $460K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO DISRUPT THE GENERATIONAL CYCLE OF POVERTY THROUGH PROVIDING INTENSIVE AFTERSCHOOL EDUCATION AND ENRICHMENT PROGRAMMING FOR LOW-INCOME STUDENTS IN LOS ANGELES.

Program Service Accomplishments

Program 1

Expenses: $289,042 Revenue: $268,036

AFTERSCHOOL PROGRAMMING: PROGRAMS DESIGNED FOR PROVIDING SUPPORT FOR INTENSIVE AFTERSCHOOL EDUCATION AND ENRICHMENT PROGRAMMING FOR LOW-INCOME STUDENTS IN LOS ANGELES. ALL CHILDREN LIVE BELOW THE...

AFTERSCHOOL PROGRAMMING: PROGRAMS DESIGNED FOR PROVIDING SUPPORT FOR INTENSIVE AFTERSCHOOL EDUCATION AND ENRICHMENT PROGRAMMING FOR LOW-INCOME STUDENTS IN LOS ANGELES. ALL CHILDREN LIVE BELOW THE FEDERAL POVERTY LINE. ACTIVITIES INCLUDE MATH, SCIENCE, READING, LANGUAGE ARTS IN ADDITION TO ARTS, GARDENING, SPORTS AND A PRPGRAM DESIGNED TO KEEP KIDS DRUG FREE.

Program 2

Expenses: $76,915 Revenue: $71,849

BACK TO SCHOOL GIVEAWAY: ANNUAL BACK TO SCHOOL GIVEAWAY IS AN EXCITING DAY FOR THE CHILDREN AND FAMILIES OF EAST LOS ANGELES HELPING THE CHILDREN IN SOME OF LOS ANGELES' MOST UNDER-SERVED COMMUNITIES PREPARE FOR THE SCHOOL YEAR AHEAD, WE WILL DISTRIBUTE CLOTHING, AS WELL AS BACKPACKS FILLED WITH SCHOOL SUPPLIES, BOOKS, TOILETRIES, HEALTHY SNACKS, AND MORE TO CHILDREN FROM HEAD START TO 12TH GRADE. WE RECOGNIZE THAT PREPAREDNESS EQUALS CONFIDENCE AND SUCCESS IN SCHOOL AND LIFE.

Program 3

Expenses: $21,640 Revenue: $20,500

THE EMERGENCY FOOD PROGRAM:THE PROGRAM DISTRIBUTES FOOD FOR EACH OF OUR ENROLLED FAMILIES. A FULL WEEKS WORTH OF FOOD IS DELIVERED TO FAMILIES EVERY WEEKEND. THIS PRORGAM IS TO ENSURE THAT OUR...

THE EMERGENCY FOOD PROGRAM:THE PROGRAM DISTRIBUTES FOOD FOR EACH OF OUR ENROLLED FAMILIES. A FULL WEEKS WORTH OF FOOD IS DELIVERED TO FAMILIES EVERY WEEKEND. THIS PRORGAM IS TO ENSURE THAT OUR FAMILIES WHO WERE ALREADY LIVING BELOW THE POVERTY LINE ARE ABLE TO KEEP FOOD ON THEIR TABLES DURING COVID-19.

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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 (2019)

Revenue Breakdown

Contributions & Grants $385,409

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $385,409

Expense Breakdown

Grants Paid $370,097

Salaries & Benefits $14,647

Fundraising Expenses $0

Program Expenses $395,097

Other Expenses $75,660

TOTAL EXPENSES $460,404

Year-over-Year Comparison

	2019	2018	Change
Revenue	$385,409	$1,048,635	-0.6%
Expenses	$460,404	$960,176	-0.5%
Net Income	$-74,995	$88,459	-1.8%

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

125

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROCHELLE GORES FREDSTON	CHAIR OF THE BOARD	15.00	Officer Director	$0	$0	$0
JULIE EDELSTEIN	SECRETARY	15.00	Officer Director	$0	$0	$0
CAROLYN SHAPIRO	TREASURER	15.00	Officer Director	$0	$0	$0
MILAN BLAGOJEVIC	DIRECTOR	1.00	Director	$0	$0	$0
FLO FULTON MILLER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN GORES IRELAND	DIRECTOR	1.00	Director	$0	$0	$0
MARY ALICE HANEY-DAVIDOV	DIRECTOR	1.00	Director	$0	$0	$0
JON MARASHI	DIRECTOR	1.00	Director	$0	$0	$0
KELLY GORES	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY SHAPIRO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN TISHBI	DIRECTOR	1.00	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
2020	$385,409	$460,404	$41,516	$-74,995
2019	$1,048,635	$960,176	$116,511	$88,459
2018	$1,575,650	$1,547,598	$28,052	$28,052