EL EDUCATION INC (EIN 061576405) - 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

2000

Legal Domicile

Principal Officer

SHERMAN CARTER

Phone

2122394455

Tax Period

2023-09-01 to 2024-08-31

EL EDUCATION INC, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $31.4M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $46.7M exceeded revenue, resulting in a 49% operating deficit.

Mission

EL EDUCATION IS A LEADING K-12 NONPROFIT HELPING TO BUILD GREAT SCHOOLS IN DIVERSE COMMUNITIESACROSS AMERICA, FOCUSING ON A THREE-DIMENSIONAL VISION OF STUDENT ACHIEVEMENT THAT INCLUDES MASTERY OF KNOWLEDGE AND SKILLS, CHARACTER, AND HIGH-QUALITY STUDENT WORK. EL EDUCATION IS TRANSFORMING CLASSROOMS THROUGH ITS PUBLIC SCHOOL PARTNERSHIPS AND NATIONALLY RECOGNIZED RESOURCES, INCLUDING ITS LITERACY CURRICULUM, VIDEOS, AND BOOKS.

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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 $4,906,439

Program Service Revenue $25,947,809

Investment Income $431,538

Other Revenue $65,616

TOTAL REVENUE $31,351,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,441,854

Fundraising Expenses $1,521,448

Program Expenses $35,195,334

Other Expenses $16,307,033

TOTAL EXPENSES $46,748,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,351,402	$42,677,187	-0.3%
Expenses	$46,748,887	$45,593,665	+0.0%
Net Income	$-15,397,485	$-2,916,478	+4.3%

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

283

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

$1,203,207

Total Directors

$466,867

Key Employees

$1,083,569

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R BRUCE RICH	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
TRACEY RIESE	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
TODD GOMEZ	TREASURER	1.00	Officer Director	$0	$0	$0
JEWELLE BICKFORD	DIRECTOR	1.00	Director	$0	$0	$0
JEAN-CLAUDE BRIZARD	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WOLF DITKOFF	DIRECTOR	1.00	Director	$0	$0	$0
CARL S EVANDER	DIRECTOR	1.00	Director	$0	$0	$0
CAMILLE A FARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN GROSSMAN	DIRECTOR	1.00	Director	$0	$0	$0
ALFRED ZOLLAR	DIRECTOR	1.00	Director	$0	$0	$0
IRWIN W SILVERBERG	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA BUCKLEY VORIS	DIRECTOR	1.00	Director	$0	$0	$0
HARRIET L WEISSMAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN J WILEN	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA HILL WORDEN	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE K ZIESING	DIRECTOR	1.00	Director	$0	$0	$0
MARK PENSKE	DIRECTOR	1.00	Director	$0	$0	$0
NICK RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCOTT HARTL	PRESIDENT/CEO	40.00	Officer Director	$429,398	$37,469	$466,867
SHERMAN CARTER	CHIEF FINANCIAL OFFICER	40.00	Officer	$229,880	$1,523	$231,403
MEGHAN MCCORMICK	SECRETARY / MANGAING DIREC	40.00	Officer	$173,785	$29,431	$203,216
TONYA HORTON	CHIEF OPERATING OFFICER	40.00	Officer	$252,333	$13,526	$265,859
CORINNE SCHOLES	SECRETARY / CHIEF OF STAFF	8.00	Officer	$33,078	$2,784	$35,862
RON BERGER	SENIOR ADVISOR, TEACHING &	40.00	Key Emp	$188,842	$22,767	$211,609
LYNNETTE BRENT	CHIEF PRODUCT	40.00	Key Emp	$231,045	$22,656	$253,701
CHRISTINA BROWN	CHIEF PARTNERSHIP OFFICER	40.00	Key Emp	$244,328	$14,006	$258,334
ANDREW DEMERS	MANAGING DIR ACCOUNTING &	40.00	Key Emp	$167,716	$37,887	$205,603
DERRICK ALLEN JOHNSON	CHIEF OF STAFF	17.00	Key Emp	$148,705	$5,617	$154,322
REBECCA GOSSELIN	MANAGING DIR GROWTH	40.00	Highest	$198,598	$11,142	$209,740
NATALIE TAYLOR	MANAGING DIR LEARNING	40.00	Highest	$191,231	$21,698	$212,929
KATHYRN KLOPP	MANAGING DIR CREATIVE	40.00	Highest	$210,917	$15,288	$226,205
SHANTA LIGHTFOOT	MANAGING DIR PARTNERSHIPS	40.00	Highest	$163,292	$17,915	$181,207
DEEPA PATEL	MANAGING DIR RESEARCH	40.00	Highest	$159,650	$8,864	$168,514

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	$31,351,402	$46,748,887	$20,880,222	$-15,397,485
2023	$42,677,187	$45,593,665	$35,291,647	$-2,916,478
2022	$41,458,493	$33,337,644	$36,539,179	$8,120,849
2021	$30,858,452	$21,265,498	$28,362,379	$9,592,954
2020	$22,647,681	$23,026,670	$19,837,094	$-378,989
2019	$27,137,206	$27,763,935	$18,201,518	$-626,729
2018	$22,600,614	$22,836,814	$18,647,620	$-236,200

EL EDUCATION INC