LIVING CLASSROOMS FOUNDATION SUBSIDIARIES (EIN 912026597) - 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

1984

Legal Domicile

Principal Officer

CINDY WADALAVAGE

Phone

4106850295

Tax Period

2023-01-01 to 2023-12-31

LIVING CLASSROOMS FOUNDATION SUBSIDIARIES, founded in 1984, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

LIVING CLASSROOMS FOUNDATION SUBSIDIARIES SPONSORS, SUPPORTS, AND/OR MAINTAINS THE FOLLOWING PROGRAMS: DISCOVERY CREEK CHILDREN'S MUSEUM (52-1714855), FREDERICK DOUGLASS ISSAC MYERS MARITIME PARK, INC. (52-2112955), NATIONAL HISTORIC SEAPORT OF BALTIMORE, INC. (52-2112952), FRIENDS OF FORT MCHENRY, INC. (52-2060624), PROJECT SERVE, INC. (91-1912227), AND CROSSROADS SCHOOL (71-0906529).

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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 $3,772,443

Program Service Revenue $449,939

Investment Income $-9,541

Other Revenue $248,818

TOTAL REVENUE $4,461,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,406,715

Fundraising Expenses $0

Program Expenses $4,596,498

Other Expenses $2,196,673

TOTAL EXPENSES $4,603,388

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,461,659	$5,351,403	-0.2%
Expenses	$4,603,388	$4,787,782	0.0%
Net Income	$-141,729	$563,621	-1.3%

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
SEE SCHEDULE O	TRUSTEE	0.00	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
2024	No data	No data	No data	No data
2023	$4,461,659	$4,603,388	$9,426,400	$-141,729
2022	$5,351,403	$4,787,782	$9,148,610	$563,621
2021	$6,289,035	$4,545,271	$10,378,836	$1,743,764
2020	$3,126,929	$3,297,760	$9,483,989	$-170,831
2019	$3,754,090	$4,227,945	$10,369,344	$-473,855
2018	$3,101,833	$3,717,795	$10,596,694	$-615,962

LIVING CLASSROOMS FOUNDATION SUBSIDIARIES