MADISON LEARNING CENTER INC (EIN 842128523) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Principal Officer

FRANCES K LACY

Phone

5407382617

Tax Period

2023-01-01 to 2023-12-31

MADISON LEARNING CENTER INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $514K in total revenue in fiscal year 2020.

Mission

THE MADISON LEARNING CENTER WAS CREATED TO FULFILL THE GROWING NEED FOR CHILDCARE AND EARLY CHILDHOOD EDUCATION IN MADISON COUNTY, VIRGINIA AND THE SURROUNDING COUNTIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $67,429

Program Service Revenue $441,101

Investment Income $0

Other Revenue $0

TOTAL REVENUE $508,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $519,218

Fundraising Expenses $5,250

Program Expenses $566,926

Other Expenses $152,940

TOTAL EXPENSES $672,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$508,530	$688,012	-0.3%
Expenses	$672,158	$592,527	+0.1%
Net Income	$-163,628	$95,485	-2.7%

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

$42,640

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCES K LACY	CHAIRPERSON	1.00	Director	$0	$0	$0
CLARE LILLARD	SECRETARY	1.00	Director	$0	$0	$0
CARLTON YOWELL	TREASURER	1.00	Director	$0	$0	$0
BETTY SHERROD	MEMBER	1.00	Officer	$0	$0	$0
NITA COLLIER	MEMBER	1.00	Officer	$0	$0	$0
KATELYN BLOCKER	MEMBER	1.00	Officer	$0	$0	$0
CINDY DECOWSKI	DIRECTOR	40.00	Officer	$42,640	$0	$42,640

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	$508,530	$672,158	$840,308	$-163,628
2022	$688,012	$592,527	$986,475	$95,485
2021	$599,165	$534,950	$972,626	$64,215
2020	$513,877	$514,130	$841,802	$-253

MADISON LEARNING CENTER INC