THE LEARNING CENTERS AT FAIRPLEX (EIN 954686764) - 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

1998

Legal Domicile

Principal Officer

MICHAEL BECKMAN

Phone

9096233111

Tax Period

2022-07-01 to 2023-06-30

THE LEARNING CENTERS AT FAIRPLEX, founded in 1998, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2022. Revenue fell 58% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $320K, a strong 31% operating margin.

Mission

THE PRIMARY PURPOSE IS TO ESTABLISH AND RUN EDUCATIONAL PROGRAMS UTILIZING THE RESOURCES OF THE LOS ANGELES COUNTY FAIR ASSOCIATION. ADDITIONALLY, THE CORPORATION MAY ENGAGE IN ANY ACTIVITIES THAT ARE REASONABLY RELATED TO THE FURTHERANCE OF ITS STATED CHARITABLE AND PUBLIC PURPOSE, OR ANY OTHER CHARITABLE ACTIVITIES.

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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 $842,685

Program Service Revenue $5,378

Investment Income $170,969

Other Revenue $4,660

TOTAL REVENUE $1,023,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $428,689

Fundraising Expenses $8,083

Program Expenses $321,652

Other Expenses $274,878

TOTAL EXPENSES $703,567

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,023,692	$2,448,648	-0.6%
Expenses	$703,567	$402,032	+0.8%
Net Income	$320,125	$2,046,616	-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

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
MIKE BECKMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
KATHY BANUELOS	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE DENNIS	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE DRIEBE	DIRECTOR	2.00	Director	$0	$0	$0
TODD WAGNER	DIRECTOR	2.00	Director	$0	$0	$0
REYNA DELHARO	DIRECTOR	2.00	Director	$0	$0	$0
DAVID PRENOVOST	TREASURER	2.00	Officer Director	$0	$0	$0
BERNIE BERNSTEIN	CDC REPRESENTATIVE	2.00	Director	$0	$0	$0
JESSICA CLAGUE DEHART	DIRECTOR	2.00	Director	$0	$0	$0
MARGARITA LUNA	DIRECTOR	2.00	Director	$0	$0	$0
BEN WONG	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN BUSTAMANTE	DIRECTOR	2.00	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	$1,023,692	$703,567	$9,235,698	$320,125
2022	$2,448,648	$402,032	$8,739,784	$2,046,616
2021	$481,819	$305,942	$5,352,062	$175,877
2019	$1,135,004	$900,700	$4,909,839	$234,304
2018	$1,203,224	$657,539	$4,489,727	$545,685

THE LEARNING CENTERS AT FAIRPLEX