TERC INC (EIN 046134355) - 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

1965

Legal Domicile

Principal Officer

LAURIE BRENNAN

Phone

6178739600

Tax Period

2023-01-01 to 2023-12-31

TERC INC, founded in 1965, is a mid-sized nonprofit in the Science & Technology sector that reported $14.9M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

TERC IS A NONPROFIT MADE UP OF TEAMS OF MATH AND SCIENCE EDUCATION AND RESEARCH EXPERTS DEDICATED TO INNOVATION AND CREATIVE PROBLEM SOLVING. AT THE FRONTIER OF THEORY AND PRACTICE, TERC'S WORK ENCOMPASSES RESEARCH, CONTENT AND CURRICULUM DEVELOPMENT, TECHNOLOGY INNOVATION, PROFESSIONAL DEVELOPMENT, AND PROGRAM EVALUATION. TERC HAS A PASSION FOR SOCIAL JUSTICE AND STRIVES TO CREATE LEVEL PLAYING FIELDS FOR ALL LEARNERS, REACHING MILLIONS OF LEARNERS EVERY YEAR.

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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 $10,979,837

Program Service Revenue $1,166,266

Investment Income $1,778,576

Other Revenue $1,000,276

TOTAL REVENUE $14,924,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,459,001

Fundraising Expenses $32,439

Program Expenses $12,507,369

Other Expenses $6,873,618

TOTAL EXPENSES $16,332,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,924,955	$16,962,121	-0.1%
Expenses	$16,332,619	$13,905,394	+0.2%
Net Income	$-1,407,664	$3,056,727	-1.5%

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

104

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

$379,137

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURIE BRENNAN	PRESIDENT	40.00	Officer	$282,792	$19,043	$301,835
KAREN ECONOMOPOULOS	CO-DIRECTOR	40.00	Highest	$157,353	$46,348	$203,701
JONI FALK	CENTER LEADER	40.00	Highest	$182,293	$13,217	$195,510
GILLIAN PUTTICK	SR. SCIENTIST	40.00	Highest	$149,418	$38,868	$188,286
JAMES HAMMERMAN	DIRECTOR	40.00	Highest	$144,017	$33,685	$177,702
CARA DIMATTIA	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$130,362	$43,753	$174,115
KATHLEEN DONAHUE	CFO ( AS OF 09/2023)	40.00	Officer	$67,260	$10,042	$77,302
GAIL STEVENS	INTERIM CFO (UNTIL 12/31/2023)	40.00	Officer	$0	$0	$0
NADINE BONDA	CHAIR	0.50	Officer Director	$0	$0	$0
CHRISTINA OLAYON-BAKER	TREASURER	0.50	Officer Director	$0	$0	$0
ORESTES MARINOS-IATRIDES	CLERK (AS OF 10/2023)	0.50	Officer Director	$0	$0	$0
LAWRENCE PETIT-FRERE	CLERK (UNTIL 05/2023)	0.50	Officer Director	$0	$0	$0
CHINYERE CHI ONYEBUCHI	TRUSTEE	0.50	Director	$0	$0	$0
DIANE SOUVAINE	TRUSTEE	0.50	Director	$0	$0	$0
ELEANORA VILLEGAS-REIMERS	TRUSTEE	0.50	Director	$0	$0	$0
JAY LABOV	TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH JOHNSON JR	TRUSTEE	0.50	Director	$0	$0	$0
JANICE D JACKSON	TRUSTEE	0.50	Director	$0	$0	$0
ROSEANN TUNG	TRUSTEE	0.50	Director	$0	$0	$0
GEORGIA HALL	TRUSTEE	0.50	Director	$0	$0	$0
CINDY DAI	TRUSTEE	0.50	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
2024	No data	No data	No data	No data
2023	$14,924,955	$16,332,619	$23,443,599	$-1,407,664
2022	$16,962,121	$13,905,394	$24,386,453	$3,056,727
2021	$13,653,170	$13,466,095	$20,874,819	$187,075
2020	$11,879,166	$13,199,877	$20,426,364	$-1,320,711
2018	$13,644,515	$14,107,212	$18,470,709	$-462,697

TERC INC