NELLIE MAE EDUCATION FOUNDATION INC (EIN 042755323) - 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

DR GISELE SHORTER

Phone

7813484200

Tax Period

2023-01-01 to 2023-12-31

NELLIE MAE EDUCATION FOUNDATION INC, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $21.4M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $507.8M represent 285 months of operating reserves.

Mission

NMEF PRIORITIES GRANTS TO ENSURE ALL YOUTH HAVE ACCESS TO AN EXCELLENT AND EQUITABLE PUBLIC EDUCATION

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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 $200,000

Program Service Revenue $0

Investment Income $21,215,739

Other Revenue $0

TOTAL REVENUE $21,415,739

Expense Breakdown

Grants Paid $14,645,178

Salaries & Benefits $4,442,734

Fundraising Expenses $0

Program Expenses $18,742,913

Other Expenses $4,002,413

TOTAL EXPENSES $23,090,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,415,739	$23,248,571	-0.1%
Expenses	$23,090,325	$26,327,764	-0.1%
Net Income	$-1,674,586	$-3,079,193	-0.5%

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

$1,726,818

Total Directors

$344,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRUDENCE CARTER	DIRECTOR	1.00	Director	$20,000	$0	$20,000
PRABAL CHAKRABARTI	DIRECTOR	2.00	Director	$24,000	$0	$24,000
MISHONE DONELSON	DIRECTOR	1.00	Director	$20,000	$0	$20,000
BETTY FRANSISCO	DIRECTOR	2.00	Director	$24,000	$0	$24,000
ELIZABETH HILPMAN	DIRECTOR	2.00	Director	$24,000	$0	$24,000
DEBRA HUMPHREYS	DIRECTOR	1.00	Director	$15,000	$0	$15,000
JOHN JACKSON	DIRECTOR	2.00	Director	$24,000	$0	$24,000
DEBORAH JEWELL-SHERMAN	DIRECTOR	2.00	Director	$24,000	$0	$24,000
MAKEEBA MCCREARY	DIRECTOR	1.00	Director	$20,000	$0	$20,000
ELSA NUNEZ	DIRECTOR	2.00	Director	$24,000	$0	$24,000
CHRISTINA JIMENEZ MORET	DIRECTOR (UNTIL JAN. 2023)	1.00	Director	$0	$0	$0
COLLEEN QUINT	DIRECTOR	1.00	Director	$20,000	$0	$20,000
JOHN REMONDI	DIRECTOR	1.00	Director	$20,000	$0	$20,000
WARREN SIMMONS	DIRECTOR	1.00	Director	$41,000	$0	$41,000
DANIA VAZQUEZ	DIRECTOR	2.00	Director	$24,000	$0	$24,000
NICHOLAS WARREN	DIRECTOR	1.00	Director	$20,000	$0	$20,000
MICHAEL CAREY	INTERIM CEO & TREAS. (UNTIL 7/9/23)	40.00	Officer	$326,464	$70,652	$397,116
PAMELA WHITE	CLERK	40.00	Officer	$123,368	$27,051	$150,419
GISLAINE NGOUNOU	INTERIM PRES & CEO (UNTIL 1/17/23)	40.00	Officer	$498,101	$2,678	$500,779
DR GISELE SHORTER	PRESIDENT & CEO	60.00	Officer	$285,301	$28,455	$313,756
JESSICA SPOHN	INTERIM PRESIDENT (UNTIL 7/9/23)	40.00	Officer	$295,885	$68,863	$364,748
DELIA ARELLANO-WEDDLETON	DIR. OF ENGAGEMENT & PARTNERHIPS	40.00	Highest	$214,122	$52,887	$267,009
MARCOS POPOVICH	PROGRAM DIRECTOR, GRANTMAKING	40.00	Highest	$170,352	$53,317	$223,669
PAUL MARSH	IT MANAGER	40.00	Highest	$165,585	$33,625	$199,210
NINA CULBERSTON	PROGRAM DIR, LEARNING/RESEARCH/EVAL	40.00	Highest	$156,896	$50,704	$207,600
ELLEN WANG	SR. PROGRAM & EQUITY OFFICER	40.00	Highest	$173,828	$25,008	$198,836
NICHOLAS C DONOHUE	FORMER PRESIDENT & CEO	0.00		$143,576	$0	$143,576

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	$21,415,739	$23,090,325	$519,417,333	$-1,674,586
2022	$23,248,571	$26,327,764	$483,194,914	$-3,079,193
2021	$94,584,276	$23,289,401	$585,493,964	$71,294,875
2020	$28,672,878	$43,160,448	$533,194,184	$-14,487,570

NELLIE MAE EDUCATION FOUNDATION INC