COUNCIL FOR ECONOMIC EDUCATION

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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

1949

Legal Domicile

Principal Officer

NAN J MORRISON

Phone

2128273600

Tax Period

2023-01-01 to 2023-12-31

COUNCIL FOR ECONOMIC EDUCATION, founded in 1949, is a community nonprofit in the Social Science sector that reported $6.0M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $8.1M exceeded revenue, resulting in a 35% operating deficit.

Mission

THE MISSION OF THE COUNCIL FOR ECONOMIC EDUCATION (CEE) IS TO EQUIP K12 STUDENTS WITH THE TOOLS AND KNOWLEDGE OF PERSONAL FINANCE AND ECONOMICS SO THAT THEY CAN MAKE BETTER DECISIONS FOR THEMSELVES, THEIR FAMILIES, AND THEIR COMMUNITIES. WE CARRY OUT OUR MISSION IN THREE WAYS. WE ADVOCATE TO REQUIRE PERSONAL FINANCE AND ECONOMIC EDUCATION IN EVERY STATE. WE PROVIDE TRAINING, TOOLS AND RESOURCES ONLINE AND LIVE THROUGH OVER 180 AFFILIATES NATIONWIDE TO MORE THAN 40,000 TEACHERS ANNUALLY WHO IN TURN BRING THE HIGHEST QUALITY ECONOMICS AND PERSONAL FINANCE INSTRUCTION TO OVER 4 MILLION STUDENTS. WE DEEPEN KNOWLEDGE AND INTRODUCE HIGH SCHOOL STUDENTS TO CRITICAL CAREER CAPABILITIES THROUGH OUR NATIONAL PERSONAL FINANCE CHALLENGE, NATIONAL ECONOMICS CHALLENGE, AND INVEST IN GIRLS PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $5,297,735 Revenue: $826,918

"CEE'S CORE ACTIVITIES SUPPORT IMPROVING K-12 ECONOMIC AND FINANCIAL EDUCATION THROUGH DELIVERY OF TEACHER PROFESSIONAL DEVELOPMENT TRAININGS (TO MORE THAN 50,000 TEACHERS EACH YEAR) AND THE...

"CEE'S CORE ACTIVITIES SUPPORT IMPROVING K-12 ECONOMIC AND FINANCIAL EDUCATION THROUGH DELIVERY OF TEACHER PROFESSIONAL DEVELOPMENT TRAININGS (TO MORE THAN 50,000 TEACHERS EACH YEAR) AND THE DEVELOPMENT OF ENGAGING, INTERACTIVE RESOURCES THAT ALIGN TO STATE AND NATIONAL STANDARDS.CEE'S CORE PROGRAMS INCLUDE THE FOLLOWING KINDS OF ACTIVITIES:- CONDUCT PROFESSIONAL DEVELOPMENT ONLINE AND OFFLINE- CREATE RESOURCES AND CURRICULUM- PRODUCE AND SUPPORT STANDARDS AND ASSESSMENT- ADVOCATE FOR PERSONAL FINANCE AND ECONOMIC EDUCATION- CONDUCT THE NATIONAL ECONOMICS CHALLENGE AND THE NATIONAL PERSONAL FINANCE CHALLENGE - CREATE AND PROVIDE TEACHER AWARDS"

Program 2

Expenses: $865,203

OTHER PROGRAM SERVICES INCLUDE MARKETING OUR RESOURCES AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO TEACHERS, AND PROVIDING OUR RESOURCES IN AN INCREASING NUMBER OF FORMATS, INCLUDING ONLINE, VIDEO...

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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 $5,081,838

Program Service Revenue $460,705

Investment Income $72,333

Other Revenue $368,077

TOTAL REVENUE $5,982,953

Expense Breakdown

Grants Paid $362,809

Salaries & Benefits $3,959,904

Fundraising Expenses $1,135,543

Program Expenses $6,162,938

Other Expenses $3,747,666

TOTAL EXPENSES $8,070,379

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,982,953	$6,640,455	-0.1%
Expenses	$8,070,379	$7,138,448	+0.1%
Net Income	$-2,087,426	$-497,993	+3.2%

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

556

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

$762,553

Total Directors

$520,660

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAN J MORRISON	PRESIDENT & CEO	40.00	Officer Director	$487,413	$33,247	$520,660
LORETTA J MESTER	DIRECTOR	1.00	Director	$0	$0	$0
JENNY JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
JENNY VAN LEEUWEN HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
WILLARD HILL JR	SECRETARY	1.00	Officer Director	$0	$0	$0
KIM M SHARAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA H BANKER	DIRECTOR	1.00	Director	$0	$0	$0
TONIA L KAMINSKY	DIRECTOR	1.00	Director	$0	$0	$0
MATT CONROY	DIRECTOR	1.00	Director	$0	$0	$0
MAX RAKHLIN	DIRECTOR	1.00	Director	$0	$0	$0
JANE ABITANTA	DIRECTOR	1.00	Director	$0	$0	$0
O KATE SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
PETER CHAFFETZ	DIRECTOR	1.00	Director	$0	$0	$0
PETER NURNBERG	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY M LACKER	DIRECTOR	1.00	Director	$0	$0	$0
GRAHAM TANAKA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FEBEO	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY HESS GROOS	TREASURER	1.00	Officer Director	$0	$0	$0
HEATHER LAVALLEE	DIRECTOR	1.00	Director	$0	$0	$0
GARY STERN	DIRECTOR	1.00	Director	$0	$0	$0
EMILY KOLINSKI MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
DR JENNIFER A DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
DEIDRE CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM C DUDLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHET RAGAVAN	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN M FRIEDMAN	DIRECTOR	1.00	Director	$0	$0	$0
BARRY HAIMES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANNAMARIA LUSARDI	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA PATTERSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
SHANE SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN J SIEGFRIED	DIRECTOR	1.00	Director	$0	$0	$0
SALLY WOOD	OUTGOING COO/CFO	40.00	Officer	$164,993	$18,689	$183,682
ABITZEL D ROBINSON HOBSON	COO/CFO	40.00	Officer	$50,312	$7,899	$58,211
CHRISTOPHER CALTABIANO	CHIEF PROGRAM OFFICER	40.00	Highest	$210,517	$9,223	$219,740
DAN DELANY	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$194,569	$23,747	$218,316
TARNISHA SMART	SR DIRECTOR OF DEVELOPMENT	40.00	Highest	$155,900	$8,142	$164,042
ANDREA MOZO	SENIOR DIRECTOR, DIGITAL PRODUCTS	40.00	Highest	$133,893	$47,424	$181,317
RUBEN A RIVERA	SR. DIRECTOR, PROFESSIONAL	40.00	Highest	$131,356	$48,009	$179,365

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	$5,982,953	$8,070,379	$3,258,556	$-2,087,426
2022	$6,640,455	$7,138,448	$5,639,247	$-497,993
2021	$6,851,531	$5,644,895	$5,635,385	$1,206,636
2020	$4,222,439	$5,017,700	$4,345,047	$-795,261
2019	$6,578,216	$5,183,606	$4,754,544	$1,394,610
2018	$4,409,140	$4,268,629	$3,425,884	$140,511