LEARN 4 LIFE - SOUTH CAROLINA - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

DANIEL W LUGINBELL

Phone

8436666362

Tax Period

2024-07-01 to 2025-06-30

LEARN 4 LIFE - SOUTH CAROLINA, founded in 2020, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 5% surplus.

Mission

LEARN4LIFE HELPS STUDENTS WHO NEED OPTIONS IN EDUCATION AND AN ADULT WHO HELPS THEM THROUGH THE PROCESS. OUR TEACHERS TAKE THE TIME TO UNDERSTAND EACH STUDENT, AND THEN TAILOR HIS OR HER EDUCATION TO MEET THEIR SPECIFIC NEEDS. THIS IS OUR PROVEN MODEL OF PERSONALIZED LEARNING, FLEXIBILITY, ONE-ON-ONE ATTENTION AND WORKFORCE READINESS PROGRAMS. EACH STEP OF THE WAY, WE WORK TO REMOVE ALL OBSTACLES IN THE WAY OF A STUDENT'S HIGH SCHOOL DIPLOMA AND LIFE SUCCESS. WE OFFER MORE THAN A DIPLOMA. WITH CAREER AND LIFE SKILLS, WE HELP PREPARE EACH STUDENT WITH COURAGE AND CONFIDENCE FOR LIFE BEYOND HIGH SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $1,242,039 Revenue: $8,334

LEARN4LIFE HIGH SCHOOL-CHARLESTON IS A NON-PROFIT CHARTER HIGH SCHOOL LOCATED IN NORTH CHARLESTON, SC, SERVING STUDENTS AGES 14-21 YEARS OLD, IN GRADES 9-12. WE TARGET, SUPPORT, AND SPECIALIZE IN...

LEARN4LIFE HIGH SCHOOL-CHARLESTON IS A NON-PROFIT CHARTER HIGH SCHOOL LOCATED IN NORTH CHARLESTON, SC, SERVING STUDENTS AGES 14-21 YEARS OLD, IN GRADES 9-12. WE TARGET, SUPPORT, AND SPECIALIZE IN HELPING STUDENTS WHO ARE EXPERIENCING SIGNIFICANT BARRIERS TO ATTAINING THEIR HIGH SCHOOL DIPLOMA, WHETHER THEY ARE BEHIND IN CREDIT ATTAINMENT, PREVIOUSLY DROPPED OUT OF SCHOOL, TEEN-PARENTING OR CURRENTLY STRUGGLING TO SUCCESSFULLY NAVIGATE THE TRADITIONAL PUBLIC SCHOOL, EITHER ACADEMICALLY OR SOCIALLY. APPROXIMATELY 80% OF OUR STUDENTS ARE AT RISK OF NOT COMPLETING A HIGH SCHOOL DIPLOMA, DUE TO HAVING TO WORK, CARING FOR A CHILD (PARENTING-TEEN) OR PARENTS, NEED A SMALLER SETTING (ANXIETY), RECOVERING ACADEMIC CREDIT OR OTHER LIFE FACTORS. DESIGNATED AN ALTERNATIVE EDUCATION CENTER (AEC), WE GIVE OUR STUDENTS VOICE AND CHOICE IN THEIR EDUCATION, BASED ON AN INDIVIDUAL STUDENT'S NEEDS, TALENTS, AND GOALS. OUR MODEL ALLOWS STUDENTS TO WORK TOWARDS GRADUATION AT THEIR OWN PACE, WHILE PROVIDING A FLEXIBLE SCHEDULE, PERSONALIZED LEARNING, SMALL GROUP INSTRUCTION, AND VALUING THEIR UNIQUE NEEDS AND LEARNING STYLE.

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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 $2,153,002

Program Service Revenue $8,334

Investment Income $319

Other Revenue $0

TOTAL REVENUE $2,161,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $915,186

Fundraising Expenses $0

Program Expenses $1,242,039

Other Expenses $1,135,670

TOTAL EXPENSES $2,050,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,161,655	$1,793,258	+0.2%
Expenses	$2,050,856	$1,678,282	+0.2%
Net Income	$110,799	$114,976	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL W LUGINBILL	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
SAMUEL B COOPER JR	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARK ROBERTS	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD W THALER JR	TREASURER	2.00	Officer Director	$0	$0	$0
TODD SENF	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROLE ZALOUMIS	BOARD MEMBER	2.00	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	$2,161,655	$2,050,856	$1,040,261	$110,799
2024	$1,793,258	$1,678,282	$1,382,875	$114,976
2023	$1,503,060	$1,665,333	$1,170,713	$-162,273
2022	$856,873	$1,378,775	$1,097,359	$-521,902
2021	$125,885	$213,305	$121,691	$-87,420
2020	No data	No data	No data	No data

LEARN 4 LIFE - SOUTH CAROLINA