LOGIC CREATIVE LABS INC (EIN 863555708) - 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

Phone

6785778247

Tax Period

2022-07-01 to 2023-06-30

LOGIC CREATIVE LABS INC, founded in 2021, is a small nonprofit that reported $238K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $218K left a modest 8% surplus.

Mission

To provide a world class learning center for parents and students in homeschooling for primary and secondary education. Logic Creative Labs served 154 students and 93 families for the duration of the school year. We offered over 30 weeks of instructional content for K-12 students and their families, with over 280 unique class offerings. We provided multiple enrichment activities, including tween and teen nights, yearbook, prom, holiday bazaar and talent shows. The objective of these activities is to offer unique, tangible and quality educational experiences to families that are homeschooling in the area. The organization provides families and students with a chance to learn alongside other homeschooled families. It also provides outside expertise for families where parents are unable to provide direct instruction.

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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 (2022)

Revenue Breakdown

Contributions & Grants $67,394

Program Service Revenue $170,523

Investment Income $0

Other Revenue $0

TOTAL REVENUE $237,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,956

Other Expenses $217,956

TOTAL EXPENSES $217,956

Year-over-Year Comparison

	2022	2021	Change
Revenue	$237,917	$290,906	-0.2%
Expenses	$217,956	$248,385	-0.1%
Net Income	$19,961	$42,521	-0.5%

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

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
Shana Silva	President	20.00	Officer	$0	$0	$0
Tiffany Ard	At Large	5.00	Officer	$0	$0	$0
Stephanie Marchong	Treasurer	20.00	Officer	$0	$0	$0
Julie Vila	At Large	20.00	Officer	$0	$0	$0
Brett Kennedy	At Large	1.00	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
2023	$237,917	$217,956	$60,717	$19,961
2022	$290,906	$248,385	$42,521	$42,521

LOGIC CREATIVE LABS INC