Waltham, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EDUCATION DEVELOPMENT CENTER INC, founded in 1958, is a major nonprofit that reported $159.2M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.
Education Development Center, Inc. (EDC), is a global nonprofit with the mission to advance every person's journey to learn, work, and be well. Since 1958, we have been a leader in designing, implementing, and evaluating powerful and innovative programs in more than 80 countries. Guided by our strategic vision, EDC strives to ensure that all people are empowered to lead healthy, productive lives. To realize our vision, we are working to achieve four ambitions: 1. Children have quality education and care in their crucial early years. 2. People have the skills, agency, and resilience to flourish in a changing world. 3. Teachers and education systems are equipped to meet the ever-changing needs of all learners. 4. Everyone's well-being is enhanced by safe environments, quality health care, and nurturing relationships. EDC's 2025 work had 14 key focuses. Our services included the following: EDC Solutions; Research & Evaluation; Design & Development; Implementation; and Policy.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $159,199,685 | $210,774,465 | -0.2% |
| Expenses | $156,382,480 | $200,093,700 | -0.2% |
| Net Income | $2,817,205 | $10,680,765 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Siobhan Murphy | CEO eff March 25, 2025 | 40 |
Officer
Director
|
$428,603 | $61,647 | $490,250 |
| Liesbet Steer | President and CEO, resigned eff 5.1.24 | 40 |
Officer
|
$462,044 | $14,979 | $477,023 |
| Cheryl Hoffmann-Bray | C.F.O., C.C.O., Sr. V.P.,Treasurer, retired Aug. 2025 | 40 |
Officer
|
$393,074 | $71,109 | $464,183 |
| Cindy Taylor | Sr. V.P. Program Area Lead | 40 |
Key Emp
|
$373,308 | $69,790 | $443,098 |
| Nancy Devine | Sr. V.P., IDD | 40 |
Key Emp
|
$373,049 | $50,924 | $423,973 |
| Christine Filosa | Sr. V.P., General Counsel, Corporate Secretary | 40 |
Officer
|
$346,192 | $63,724 | $409,916 |
| Shelley Pasnik | Senior Vice President | 40 |
Key Emp
|
$323,291 | $60,498 | $383,789 |
| Kate Hughes | Director & Interim Chief Human Resources Officer | 40 |
Key Emp
|
$321,881 | $61,750 | $383,631 |
| Raymond Davis | Vice President & Chief Technology Officer | 40 |
Highest
|
$306,153 | $57,694 | $363,847 |
| Rebecca Stoeckle | Senior Vice President | 40 |
Highest
|
$280,096 | $51,337 | $331,433 |
| Andrew Lewis | Chief of Party | 40 |
Highest
|
$281,626 | $33,082 | $314,708 |
| Andrea Bosch | Chief of Party IV | 40 |
Highest
|
$281,224 | $33,082 | $314,306 |
| Sarita Pillai | Sr Vice President, Portfolio Leader | 40 |
Key Emp
|
$251,511 | $54,168 | $305,679 |
| Jill Jarvi | Chief of Party | 40 |
Highest
|
$261,410 | $15,927 | $277,337 |
| Rosemarie Brian | Deputy CFO, Treasurer, eff. July 2024, partial year | 40 |
Officer
|
$98,693 | $15,134 | $113,827 |
| Anne Bryant | Trustee, Emeritus (non-voting) | 0.39 |
Director
|
$0 | $0 | $0 |
| Judy Codding | Trustee, Emeritus (non-voting) | 0.39 |
Director
|
$0 | $0 | $0 |
| Paul Hofmann | Trustee, Emeritus, non-voting | 0.39 |
Director
|
$0 | $0 | $0 |
| William MacArthur | Trustee, Emeritus (non-voting) | 0.39 |
Director
|
$0 | $0 | $0 |
| Nyagaka Ongeri | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Robert Peirce | Trustee, Emeritus (non-voting) | 0.39 |
Director
|
$0 | $0 | $0 |
| Linda Roberts | Trustee, Emeritus (non-voting) | 0.8 |
Director
|
$0 | $0 | $0 |
| Vivien Stewart | Trustee, Emeritus, (non-voting) | 0.39 |
Director
|
$0 | $0 | $0 |
| Gail Wickes | Trustee, Emeritus, (non-voting) | 0.39 |
Director
|
$0 | $0 | $0 |
| Ciara Burnham | Trustee, Chair | 7.7 |
Officer
Director
|
$0 | $0 | $0 |
| David Byer | Trustee | 2.6 |
Director
|
$0 | $0 | $0 |
| Bill Hughes | Trustee | 1.67 |
Director
|
$0 | $0 | $0 |
| Philip Daro | Trustee | 1.15 |
Director
|
$0 | $0 | $0 |
| Iqbal Mamdani | Trustee | 1.6 |
Director
|
$0 | $0 | $0 |
| Isabelle Hau | Trustee | 1.29 |
Director
|
$0 | $0 | $0 |
| Darshak Shah | Trustee | 1.86 |
Director
|
$0 | $0 | $0 |
| Paul Massey | Trustee | 2.2 |
Director
|
$0 | $0 | $0 |
| Sneha Shah | Trustee | 1.4 |
Director
|
$0 | $0 | $0 |
| Maia Sharpley | Trustee | 1.8 |
Director
|
$0 | $0 | $0 |
| Cynthia King Vance | Trustee | 3.1 |
Director
|
$0 | $0 | $0 |
| Vijay Kumar | Trustee Emeritus (non-voting) | 0.39 |
Director
|
$0 | $0 | $0 |
| Lisa Herring | Trustee | 0.8 |
Director
|
$0 | $0 | $0 |
| J Eric Wright | Trustee | 1.8 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $159,199,685 | $156,382,480 | $124,492,354 | $2,817,205 |
| 2024 | $210,774,465 | $200,093,700 | $123,981,044 | $10,680,765 |
| 2023 | $201,501,966 | $192,639,833 | $116,911,673 | $8,862,133 |
| 2022 | $186,746,637 | $176,323,825 | $79,029,805 | $10,422,812 |
| 2021 | $167,892,057 | $162,508,573 | $70,787,173 | $5,383,484 |
| 2020 | $147,745,529 | $145,292,183 | $65,926,072 | $2,453,346 |
| 2019 | $161,853,476 | $158,717,546 | $57,262,389 | $3,135,930 |
| 2018 | $155,645,130 | $153,431,657 | $58,966,024 | $2,213,473 |
Compare EDUCATION DEVELOPMENT CENTER INC with other nonprofits in Massachusetts and across the country.