LEARNING TIME

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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

1970

Legal Domicile

Principal Officer

JOAN M SMITH EDD

Phone

8314840996

Tax Period

2021-09-01 to 2022-08-31

LEARNING TIME, founded in 1970, is a small nonprofit in the Education sector that reported $215K in total revenue in fiscal year 2021. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO ACTIVATE MEMORY, ATTENTION, AND LEARNING SKILLS TO CREATE STRONG, FLUENT READERS OF CHILDREN, YOUTH AND ADULTS VIA THE LEARNING ABILITY PLATFORM (LAP).

Program Service Accomplishments

Program 1

Expenses: $195,124 Revenue: $215,487

LEARNING TIME PROVIDES ASSESSMENT FOR ADULTS IN MONTEREY COUNTY AND SANTA CRUZ COUNTY DEPARTMENT OF SOCIAL SERVICES - CALWORKS PROGRAM. AS PART OF THE PROGRAM ,THEY SERVED 63 INDIVIDUALS IN MONTEREY COUNTY AND 15 IN SANTA CRUZ COUNTY. LEARNING TIME ALSO PROVIDED 520 HOURS OF TUTORING FOR ADULTS AND YOUTH.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $215,487

Investment Income $0

Other Revenue $0

TOTAL REVENUE $215,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,054

Fundraising Expenses $0

Program Expenses $195,124

Other Expenses $88,408

TOTAL EXPENSES $211,462

Year-over-Year Comparison

	2021	2020	Change
Revenue	$215,487	$197,926	+0.1%
Expenses	$211,462	$180,177	+0.2%
Net Income	$4,025	$17,749	-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

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

$38,657

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY A MCHENRY	PRESIDENT	1.00	Officer Director	$6,000	$0	$6,000
ANN MURRAY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ARTHUR SINGER	TREASURER	1.00	Officer Director	$0	$0	$0
JOAN SMITH	CEO	40.00	Officer	$32,657	$0	$32,657

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
2022	$215,487	$211,462	$13,256	$4,025