LATITUDE LEARNING RESOURCES (EIN 842244061) - 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

2019

Legal Domicile

Principal Officer

SHARON OSBORNE

Phone

6033405516

Tax Period

2025-01-01 to 2025-06-30

LATITUDE LEARNING RESOURCES, founded in 2019, is a small nonprofit in the Education sector that reported $132K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $180K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE ENRICHMENT AND SCHOLARSHIP OPPORTUNITIES FOR STUDENTS AND INDIVIDUALS, WHICH WILL INCLUDE CLASSES, LECTURES, AND ADVISORY IN ORDER TO ADVANCE KNOWLEDGE, ENRICH CHARACTER, DEVELOP ABILITIES, AND FULFILL GOALS.

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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 $6,782

Program Service Revenue $125,297

Investment Income $0

Other Revenue $0

TOTAL REVENUE $132,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,070

Fundraising Expenses $0

Program Expenses $179,962

Other Expenses $163,999

TOTAL EXPENSES $180,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,079	$246,741	-0.5%
Expenses	$180,069	$275,338	-0.3%
Net Income	$-47,990	$-28,597	+0.7%

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

N/A

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

$16,070

Total Directors

$16,070

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN MICHELOTTI	PRESIDENT	10.00	Officer Director	$13,000	$0	$13,000
THOMAS SHEALY	VICE PRESIDE	0.50	Officer Director	$3,070	$0	$3,070
MICHELLE DALTON	DIRECTOR	0.75	Director	$0	$0	$0
MICHAEL LAYON	DIRECTOR	0.25	Director	$0	$0	$0
SHARON OSBORNE	SECRETARY	40.00	Officer Director	$0	$0	$0
OLGA SORENS	DIRECTOR	0.25	Director	$0	$0	$0
CONSTANCE SPENCER	TREASURER	0.25	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
2025	$132,079	$180,069	$80,757	$-47,990
2024	No data	No data	No data	No data
2023	$312,717	$275,049	$156,617	$37,668
2022	$302,518	$252,268	$118,325	$50,250

LATITUDE LEARNING RESOURCES