FINANCIAL EDUCATION ASSOCIATES INC (EIN 113795547) - 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

2006

Legal Domicile

Principal Officer

DENISHA MCDONALD

Phone

8888390963

Tax Period

2023-01-01 to 2023-12-31

FINANCIAL EDUCATION ASSOCIATES INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $220K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $53K, a strong 24% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE UNBIASED INFORMATION TO MASSACHUSETTS LOW AND MODERATE-INCOME RESIDENTS ORGANIZING THEIR FINANCES TO ACHIEVE LARGER FINANCIAL GOALS. THESE GOALS INCLUDE HOME PURCHASES, EDUCATION, ENTREPRENEURSHIP AND RETIREMENT.

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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 $50,000

Program Service Revenue $169,768

Investment Income $0

Other Revenue $0

TOTAL REVENUE $219,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,408

Fundraising Expenses $9,729

Program Expenses $91,391

Other Expenses $45,575

TOTAL EXPENSES $166,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,768	$233,318	-0.1%
Expenses	$166,983	$160,582	+0.0%
Net Income	$52,785	$72,736	-0.3%

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

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

$96,022

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AIDA FRANQUIZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE MEISER	TREASURER	1.00	Officer Director	$0	$0	$0
ISABEL S CRUZ	CLERK	1.00	Officer Director	$0	$0	$0
ANGELO S NUBY	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUELINE COOPER	EXECUTIVE DIRECTOR	40.00	Officer	$94,000	$2,022	$96,022

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
2023	$219,768	$166,983	$234,312	$52,785
2022	$233,318	$160,582	$199,493	$72,736

FINANCIAL EDUCATION ASSOCIATES INC