WILMINGTON LEARNING COLLABORATIVE … - 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

2022

Legal Domicile

Principal Officer

LAURA BURGOS

Phone

3026855034

Tax Period

2024-07-01 to 2025-06-30

WILMINGTON LEARNING COLLABORATIVE INC, founded in 2022, is a community nonprofit in the Human Services sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 422% from the prior year, signaling strong growth momentum.

Mission

OUR PRIMARY OBJECTIVE IS TO ESTABLISH A CONSISTENT LEARNING EXPERIENCE FOR STUDENTS, WHILE SIMULTANEOUSLY FOSTERING THE EMPOWERMENT OF EDUCATORS, SCHOOL LEADERS, AND COMMUNITIES. THROUGH THESE EFFORTS, WE AIM TO ENHANCE OVERALL STUDENT OUTCOMES WITHIN THE CITY OF WILMINGTON SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $3,267,701

THE WILMINGTON LEARNING COLLABORATIVE (WLC) PROGRAM IS A VOLUNTARY NETWORK OF SCHOOLS IN WILMINGTON ACROSS MULTIPLE SCHOOL DISTRICTS (BRANDYWINE, CHRISTINA, RED CLAY). THE WLC'S GOAL IS TO IMPROVE...

THE WILMINGTON LEARNING COLLABORATIVE (WLC) PROGRAM IS A VOLUNTARY NETWORK OF SCHOOLS IN WILMINGTON ACROSS MULTIPLE SCHOOL DISTRICTS (BRANDYWINE, CHRISTINA, RED CLAY). THE WLC'S GOAL IS TO IMPROVE OUTCOMES FOR STUDENTS BY EMPOWERING EDUCATORS, SCHOOL LEADERS, AND COMMUNITIES. THW WLC SEEKS TO CREATE A FRAMEWORK FOR COMMUNITY ENGAGEMENT TO IMPROVE STUDENT ACHIEVEMENT AND WELLNESS, IMPROVE EDUCATOR RETENTION RATES, AND REDUCE THE IMPACT OF STUDENT MOBILITY AND TRAUMA.

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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 $3,949,092

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,949,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $636,592

Fundraising Expenses $0

Program Expenses $3,267,701

Other Expenses $3,306,874

TOTAL EXPENSES $3,943,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,949,092	$757,211	+4.2%
Expenses	$3,943,466	$972,992	+3.1%
Net Income	$5,626	$-215,781	-1.0%

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

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

$237,066

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN ANDERSON	CHAIR	2.00	Officer Director	$0	$0	$0
AJE' J ENGLISH	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ALETHEA SMITH-TUCKR	COUNCIL MEMBER	2.00	Director	$0	$0	$0
DIEIDRA JOYNER	COUNCIL MEMBER	2.00	Director	$0	$0	$0
DORRELL GREEN	COUNCIL MEMBER	2.00	Director	$0	$0	$0
JANIS MCELRATH	COUNCIL MEMBER	2.00	Director	$0	$0	$0
DR LISA LAWSON	COUNCIL MEMBER	2.00	Director	$0	$0	$0
STARR WILSON	COUNCIL MEMBER	2.00	Director	$0	$0	$0
RASHONA BROWN	COUNCIL MEMBER	2.00	Director	$0	$0	$0
RAHID FLONNORY	COUNCIL MEMBER	2.00	Director	$0	$0	$0
LAURA BURGOS	EXECUTIVE DIRECTOR	40.00	Officer	$174,185	$62,881	$237,066
CARLY HIGHSMITH	DIRECTOR OF EDUCATION PATHWAYS	40.00	Highest	$127,246	$56,231	$183,477

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	$3,949,092	$3,943,466	$93,657	$5,626
2024	$757,211	$972,992	$81,091	$-215,781

WILMINGTON LEARNING COLLABORATIVE INC