THE EDUCATION EXCHANGE INC

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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

1978

Legal Domicile

Principal Officer

JASON COLONIES

Phone

4017830293

Tax Period

2023-07-01 to 2024-06-30

THE EDUCATION EXCHANGE INC, founded in 1978, is a small nonprofit in the Education sector that reported $829K in total revenue in fiscal year 2023.

Mission

TO PROVIDE BASIC EDUCATION AND JOB TRAINING TO ADULTS IN RHODE ISLAND.

Program Service Accomplishments

Program 1

Expenses: $734,299 Revenue: $827,746

ADULT EDUCATION, COMPUTER TRAINING, JOB SKILLS AND OTHER ESSENTIAL PROGRAMS TO HELP ADULT LEARNERS IMPROVE THEIR WORKPLACE AND LIFE SKILLS.

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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 $805,858

Program Service Revenue $21,888

Investment Income $870

Other Revenue $0

TOTAL REVENUE $828,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $445,983

Fundraising Expenses $0

Program Expenses $734,299

Other Expenses $394,667

TOTAL EXPENSES $840,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$828,616	$871,777	0.0%
Expenses	$840,650	$842,910	0.0%
Net Income	$-12,034	$28,867	-1.4%

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

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

$87,880

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH WYLLIE	DIRECTOR	3.00	Director	$0	$0	$0
ETTA ZASLOFF	DIRECTOR	3.00	Director	$0	$0	$0
ANDREW CARY	DIRECTOR	3.00	Director	$0	$0	$0
GLEN ZIBOLIS	DIRECTOR	3.00	Director	$0	$0	$0
JASON COLONIES	EXECUTIVE DIRECTOR	40.00	Key Emp	$87,880	$0	$87,880

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	$828,616	$840,650	$235,172	$-12,034
2023	$871,777	$842,910	$255,354	$28,867
2022	$775,866	$841,105	$217,462	$-65,239
2021	$882,774	$767,335	$305,121	$115,439
2020	$567,386	$598,754	$187,262	$-31,368
2019	$621,331	$616,072	$320,881	$5,259