GREAT START LEARNING ACADEMY (EIN 832217078) - 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

VERONICA FLOYD

Phone

8568392739

Tax Period

2024-01-01 to 2024-12-31

GREAT START LEARNING ACADEMY, founded in 2018, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $199K, a strong 17% operating margin.

Mission

Provide childcare to children, infants through age 5, and latchkey services to children ages 5-12. Services will include infant/toddler classes, preschool, Pre-k, as well as before and after school care to provide support to the community.

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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 $0

Program Service Revenue $1,168,982

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,168,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,730

Fundraising Expenses $0

Program Expenses $737,967

Other Expenses $591,535

TOTAL EXPENSES $970,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,168,982	$908,309	+0.3%
Expenses	$970,265	$924,444	+0.0%
Net Income	$198,717	$-16,135	-13.3%

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

$78,000

Total Directors

$18,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERONICA FLOYD	President	20.00	Officer	$78,000	$0	$78,000
NIKITA LIVINGSTON	Director	10.00	Director	$18,200	$0	$18,200
NATHANIEL FLOYD	Finance Manager	5.00	Director	$0	$0	$0
MELISSA JOHNSON	Secretary	5.00	Director	$0	$0	$0
CRYSTAL FLOYD	Treasurer	5.00	Officer	$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	$1,168,982	$970,265	$928,702	$198,717
2023	$908,309	$924,444	$683,959	$-16,135
2022	$889,677	$777,902	$721,903	$111,775
2021	$454,748	$428,610	$642,165	$26,138
2020	$532,965	$370,483	$645,742	$162,482

GREAT START LEARNING ACADEMY