PURPOSE LEARNING LAB THE PREMIER DROP-IN STUDIO (EIN 845032978) - 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

2021

Legal Domicile

Principal Officer

MYISHANKA A MCMILLIAN

Phone

9197249733

Tax Period

2023-01-01 to 2023-12-31

PURPOSE LEARNING LAB THE PREMIER DROP-IN STUDIO, founded in 2021, is a small nonprofit in the Youth Development sector that reported $208K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $201K left a modest 3% surplus.

Mission

Our goal is to create pathways during non-school hours for minority students that ignite confidence, provide evidenced-based alternatives, encourage hands-on innovation, and academic advancement.

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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 $208,006

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $208,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,327

Fundraising Expenses $0

Program Expenses $194,117

Other Expenses $111,016

TOTAL EXPENSES $201,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,006	$184,216	+0.1%
Expenses	$201,343	$149,926	+0.3%
Net Income	$6,663	$34,290	-0.8%

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

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

$28,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYISHANKA MCMILLIAN	EXECUTIVE DIRECTOR	60.00	Director	$28,650	$0	$28,650
ANGELA CROPPS	VICE CHAIR/TREASURER	2.00	Officer	$0	$0	$0
SHAQUITA CANTY	SECRETARY	2.00	Officer	$0	$0	$0
SHILANKA WARE	ATTORNEY	2.00	Officer	$0	$0	$0
CYRSTAL GRAHAM	FINANCE DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$208,006	$201,343	No data	$6,663

PURPOSE LEARNING LAB THE PREMIER DROP-IN STUDIO