TURTLE'S NEST ELC INC (EIN 842405867) - 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

BENJAMIN ROY NORTON

Phone

9048027273

Tax Period

2023-01-01 to 2023-12-31

TURTLE'S NEST ELC INC, founded in 2019, is a small nonprofit in the Education sector that reported $765K in total revenue in fiscal year 2023. Revenue surged 125% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 33% operating deficit.

Mission

EARLY LEAENING CENTER - A PLACE WHERE CHILDREN ARE ENCOURAGED AND MOTIVATED TO LOVE LEARNING THROUGH VARIOUS ACTIVITIES. IT IS A SAFE, WELCOMING SPACE FOR EVERY YOUNG LEARNER TO CREATE, DISCOVER, AND EXPLOREFOSTERING CURIOSITY AND CREATIVITY IN THE PROCESS. OUR EARLY LEARNING CENTER IN JACKSONVILLE ISNT ONLY A CLASSROOM, BUT ALSO A HOME IN WHICH EACH STUDENT IS LOVED, NURTURED, AND TENDED TO. LEARN MORE ABOUT OUR SCHOOL IN THIS SHORT INTRODUCTORY VIDEO.

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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 $765,423

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $765,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $617,431

Fundraising Expenses $2,263

Program Expenses $1,015,821

Other Expenses $400,653

TOTAL EXPENSES $1,018,084

Year-over-Year Comparison

	2023	2022	Change
Revenue	$765,423	$340,635	+1.2%
Expenses	$1,018,084	$905,714	+0.1%
Net Income	$-252,661	$-565,079	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERILYN MOORE	DIRECTOR	N/A	Director	$0	$0	$0
BENJAMIN ROY NORTON	DIRECTOR	N/A	Officer Director	$0	$0	$0
JULIE NORTON	DIRECTOR	N/A	Officer Director	$0	$0	$0
TAYLOR SMITH	DIRECTOR	N/A	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
2023	$765,423	$1,018,084	$-532,123	$-252,661
2022	$340,635	$905,714	$-284,269	$-565,079
2021	$1,029,085	$900,720	$326,440	$128,365
2020	$377,324	$502,846	$145,842	$-125,522

TURTLE'S NEST ELC INC