CORRIDOR CHRISTIAN EARLY LEARNING CENTER (EIN 831726996) - 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

2018

Legal Domicile

Principal Officer

MELISSA SCHILLING

Phone

3196655623

Tax Period

2023-01-01 to 2023-12-31

CORRIDOR CHRISTIAN EARLY LEARNING CENTER, founded in 2018, is a small nonprofit in the Human Services sector that reported $495K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $576K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE OBJECTIVE OF CORRIDOR CHRISTIAN EARLY LEARNING CENTER SHALL BE TO PROMOTE CREATIVE EARLY CHILDHOOD EDUCATION IN A FUN, ACTIVITY-BASED AND SAFE ENVIRONMENT THAT PROMOTES SPIRITUAL, PHYSICAL, MENTAL, EMOTIONAL AND SOCIAL DEVELOPMENT AND ENCOURAGES FAITH-BASED BIBLICAL VALUES AND ATTITUDES.

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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 $0

Program Service Revenue $495,281

Investment Income $116

Other Revenue $0

TOTAL REVENUE $495,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $492,381

Fundraising Expenses $0

Program Expenses $499,994

Other Expenses $83,538

TOTAL EXPENSES $575,919

Year-over-Year Comparison

	2023	2022	Change
Revenue	$495,397	$582,952	-0.2%
Expenses	$575,919	$581,065	0.0%
Net Income	$-80,522	$1,887	-43.7%

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

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

$57,000

Total Directors

$57,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA SCHILLING	Executive Dir.	50.00	Officer Director	$57,000	$0	$57,000
NICK PROUD	Chairman	1.00	Director	$0	$0	$0
MIKE FARLEY	Vice President	1.00	Officer Director	$0	$0	$0
CLINT CARNE	Treasurer	2.00	Officer Director	$0	$0	$0
JOSH CASEY	Director	4.00	Director	$0	$0	$0
JOAN FRIEDEN	Secretary	0.00	Officer 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	$495,397	$575,919	$73,416	$-80,522
2022	$582,952	$581,065	$155,588	$1,887
2021	$519,817	$494,719	$154,018	$25,098
2020	$518,970	$456,855	$127,969	$62,115
2019	$463,579	$468,395	$68,120	$-4,816

CORRIDOR CHRISTIAN EARLY LEARNING CENTER