EDUCATION IS FREEDOM 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

ALEJANDRA BARBOSA

Phone

2146930673

Tax Period

2024-08-01 to 2025-07-31

EDUCATION IS FREEDOM FOUNDATION, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $10.8M in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $9.4M left a modest 13% surplus.

Mission

Education is Freedom (EIF) is a 501(c)3 nonprofit organization founded in 2002 by a visionary board of corporate leaders who imagined a world where every young person could pursue a college education. Our mission is to transform lives through education.

Program Service Accomplishments

Program 1

Expenses: $8,520,183

Education is Freedom (EIF) places Higher Education Advisors in public high schools, where they serve as on-campus experts in postsecondary pathways. These advisors provide individualized support and workshops to help students navigate college admissions, financial aid, military pathways, and workforce preparation, ensuring they are equipped for successful postsecondary transitions. Education is Freedom also provides a middle school career exploration curriculum, the EIF Scholars program, An Evening with the Stars scholarship celebration, and community outreach programs. Our mission is to transform lives through education.

Program 2

Expenses: $129,350

In FY2025, EIF awarded over $129,000 in scholarships to 165 seniors from 38 high schools. With EIFs support, over 6,500 seniors enrolled in colleges and universities, providing an opportunity upon...

In FY2025, EIF awarded over $129,000 in scholarships to 165 seniors from 38 high schools. With EIFs support, over 6,500 seniors enrolled in colleges and universities, providing an opportunity upon graduation for employment at a living wage. In 2025, the median weekly earnings for full-time workers age 25 with a high school diploma was $960, compared to $1,732 for those with a bachelors degree, reflecting an 80% increase.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,410,968

Program Service Revenue $6,026,590

Investment Income $76,834

Other Revenue $250,000

TOTAL REVENUE $10,764,392

Expense Breakdown

Grants Paid $129,342

Salaries & Benefits $7,275,645

Fundraising Expenses $470,088

Program Expenses $8,649,533

Other Expenses $1,996,682

TOTAL EXPENSES $9,401,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,764,392	$5,860,209	+0.8%
Expenses	$9,401,669	$6,013,083	+0.6%
Net Income	$1,362,723	$-152,874	-9.9%

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

180

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

$774,928

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSANNA VAULX RUSSELL	CEO	40.00	Key Emp	$268,243	$0	$268,243
WALTER C SMITH	COO	40.00	Key Emp	$167,814	$0	$167,814
SHANNON PAGE	CHIEF PROGRAM OFFICER	40.00	Key Emp	$158,045	$0	$158,045
RONALD RAY MERRILL	MANAGING DIRECTOR - PROGR	40.00	Key Emp	$127,161	$0	$127,161
CORINNE FIAGOME	SR DEVELOPMENT DIRECTOR	40.00	Key Emp	$53,665	$0	$53,665
ALEJANDRA BARBOSA	CHAIR	2.00	Officer Director	$0	$0	$0
TODD WILLIAMS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEANNIE STONE	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICK BRANDT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES KEYES	DIRECTOR	1.00	Director	$0	$0	$0
ADAM COX	DIRECTOR	1.00	Director	$0	$0	$0
SANDI KARRMAN	DIRECTOR	1.00	Director	$0	$0	$0
DREXELL OWUSU	DIRECTOR	1.00	Director	$0	$0	$0
SATYA KUMAR	DIRECTOR	1.00	Director	$0	$0	$0
BOB MONG	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE WILLIAMS	DIRECTOR	1.00	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
2025	$10,764,392	$9,401,669	$4,079,950	$1,362,723
2023	$5,042,271	$4,372,074	$2,785,762	$670,197
2022	$3,456,836	$3,274,583	$1,588,177	$182,253
2021	$3,564,034	$3,021,358	$1,800,770	$542,676
2020	$3,104,988	$3,223,957	$1,478,261	$-118,969
2020	$3,104,988	$3,011,205	$1,478,255	$93,783
2019	$3,051,886	$2,773,588	$1,206,072	$278,298
2018	$2,167,822	$2,655,365	$1,008,488	$-487,543