Around the Korner Center for School-Age Enrichment (EIN 954630336) - 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

1997

Legal Domicile

Principal Officer

Kelly Magallanes

Phone

8188948037

Tax Period

2024-07-01 to 2025-06-30

Around the Korner Center for School-Age Enrichment, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $11.0M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

To provide childcare services for infants, toddlers and school age children.

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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 $10,798,749

Program Service Revenue $246,749

Investment Income $112

Other Revenue $577

TOTAL REVENUE $11,046,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,701,254

Fundraising Expenses $0

Program Expenses $10,458,785

Other Expenses $4,317,477

TOTAL EXPENSES $11,018,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,046,187	$7,869,413	+0.4%
Expenses	$11,018,731	$8,554,354	+0.3%
Net Income	$27,456	$-684,941	-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

145

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

$126,241

Total Directors

$126,241

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly Magallanes	President&ExDir	40.00	Officer Director	$123,941	$2,300	$126,241
Joe Gonzalez	Vice-Chair	0.00	Officer Director	$0	$0	$0
Yadira Jauregui	Treasurer	40.00	Officer Director	$0	$0	$0
Raul Estevane	Secretary	2.00	Officer Director	$0	$0	$0
Stacy Martinez	Director	0.00	Officer Director	$0	$0	$0
Angela Talamantes	Director	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
2025	$11,046,187	$11,018,731	$4,812,175	$27,456
2024	$7,869,413	$8,554,354	$4,705,233	$-684,941
2023	$6,310,813	$6,226,680	$3,865,994	$84,133
2022	$4,647,929	$4,724,069	$1,349,218	$-76,140
2021	$4,384,966	$4,093,217	$1,446,336	$291,749
2020	$3,690,724	$3,869,696	$1,493,150	$-178,972
2019	$3,200,757	$3,077,765	$1,297,130	$122,992
2018	$2,876,487	$2,793,269	$1,135,912	$83,218

Around the Korner Center for School-Age Enrichment