Dare Education Foundation

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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

2002

Legal Domicile

Principal Officer

Mary Robinson

Tax Period

2023-07-01 to 2024-06-30

Dare Education Foundation, founded in 2002, is a small nonprofit in the Education sector that reported $561K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $511K left a modest 9% surplus.

Mission

Our mission is to make great ideas in education come to life by funding initiatives that enhance the experiences of students and teachers in Dare County

Program Service Accomplishments

Program 1

Expenses: $349,694

Provide affordable housing for teachers and / or other Dare County Schools employees through 36 rental units managed by the organization.

Program 2

Expenses: $59,518

Provides grants to Dare County Schools for educator-driven projects that fall outside of school budgets.

Program 3

Expenses: $38,889

Provides need-based college scholarships to low-income, high achieving, and AVID-enrolled students in Dare County Schools.

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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 $107,890

Program Service Revenue $425,870

Investment Income $10,666

Other Revenue $16,543

TOTAL REVENUE $560,969

Expense Breakdown

Grants Paid $129,517

Salaries & Benefits $108,609

Fundraising Expenses $11,057

Program Expenses $478,711

Other Expenses $272,871

TOTAL EXPENSES $510,997

Year-over-Year Comparison

	2023	2022	Change
Revenue	$560,969	$495,330	+0.1%
Expenses	$510,997	$486,938	+0.0%
Net Income	$49,972	$8,392	+5.0%

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

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
Justin Bateman	Member	1.00	Director	$0	$0	$0
Jen Adams Falconer	Member	1.00	Director	$0	$0	$0
Macey Chovaz	Member	1.00	Director	$0	$0	$0
Keith Tabb	Member	1.00	Director	$0	$0	$0
Susan Rhew	Member	1.00	Director	$0	$0	$0
Dr Holly Robinson	Vice Chair	1.00	Director	$0	$0	$0
Benj Lipchak	Member	1.00	Director	$0	$0	$0
Nancy Birindelli	Member	1.00	Director	$0	$0	$0
Mary Robinson	Board Chair	1.00	Officer	$0	$0	$0
David Foster	Treasurer	1.00	Officer	$0	$0	$0
Kara Dehus	Secretary	1.00	Officer	$0	$0	$0
Barbara Davidson	Executive Director	40.00	Key Emp	$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	No data	No data	No data	No data
2024	$560,969	$510,997	$2,831,467	$49,972
2023	$495,330	$486,938	$2,889,586	$8,392
2022	$470,215	$434,938	$3,006,322	$35,277
2021	$442,735	$352,883	$3,105,713	$89,852
2020	$453,452	$388,181	$3,128,146	$65,271
2019	$440,367	$375,622	$3,147,062	$64,745
2018	$483,606	$311,467	$3,239,766	$172,139