WORLD EDUCATION INC

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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

1951

Legal Domicile

Principal Officer

MARGARET CROTTY

Phone

6174829485

Tax Period

2022-07-01 to 2023-06-30

WORLD EDUCATION INC, founded in 1951, is a mid-sized nonprofit that reported $48.1M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year.

Mission

WORLD EDUCATION IS DEDICATED TO IMPROVING PEOPLE'S LIVES AROUND THE WORLD THROUGH EDUCATION, SOCIAL AND ECONOMIC DEVELOPMENT PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $16,143,045 Revenue: $0

BANTWANA/OVC PROGRAMS:THE BANTWANA INITIATIVE OF WORLD EDUCATION WORKS WITH VULNERABLE CHILDREN, ADOLESCENTS AND THEIR FAMILIES WHO ARE AFFECTED BY POVERTY, HIV, AND GENDER-BASED VIOLENCE. BANTWANA DELIVERS CRITICAL WRAP AROUND SERVICES TO ENSURE ACCESS TO EDUCATION; SOCIAL AND CHILD PROTECTION; ECONOMIC STRENGTHENING; AND HEALTH, HIV/AIDS AND POST-ABUSE SERVICES. BANTWANA PROGRAMMING WORKS CLOSELY WITH INDIVIDUALS, FAMILIES, COMMUNITIES, AND GOVERNMENTS TO RESPOND TO THESE CRITICAL NEEDS, WHILE ADDRESSING THE STRUCTURAL DRIVERS OF HIV TO INCREASE RESILIENCE AND DECREASE THE RISK OF HIV INFECTION. WE WORK IN HIGH HIV-BURDEN COUNTRIES IN EAST AND SOUTHERN AFRICA, INCLUDING: ESWATINI, MALAWI, MOZAMBIQUE, UGANDA, TANZANIA AND ZIMBABWE.

Program 2

Expenses: $12,327,524 Revenue: $0

AFRICA PROGRAMS: WORLD EDUCATION INC.'S AFRICA DIVISION SUPPORTS A VARIETY OF EDUCATION PROGRAMMING IN UGANDA, GHANA, MOZAMBIQUE, COTE D'IVOIRE, BENIN, AND MALI. THESE PROGRAMS INVOLVE BOTH FORMAL...

AFRICA PROGRAMS: WORLD EDUCATION INC.'S AFRICA DIVISION SUPPORTS A VARIETY OF EDUCATION PROGRAMMING IN UGANDA, GHANA, MOZAMBIQUE, COTE D'IVOIRE, BENIN, AND MALI. THESE PROGRAMS INVOLVE BOTH FORMAL EDUCATION AND NON-FORMAL EDUCATION SUPPORT AND SERVE BOTH ADULTS AND CHILDREN AS WELL AS THE MINISTRIES THAT OVERSEE THEIR WELL-BEING AND EDUCATION PROVISION. AFRICA DIVISION'S FORMAL EDUCATION SUPPORT INCLUDES TEACHER TRAINING IN EARLY GRADE READING AND MATH, EARLY CHILDHOOD EDUCATION, BILINGUAL LITERACY, AND COMMUNITY MOBILIZATION THROUGH CAPACITY BUILDING OF PARENT TEACHER ASSOCIATIONS/SCHOOL MANAGEMENT COMMITTEES. THE NON-FORMAL EDUCATION WORK USUALLY INVOLVES THE PROVISION OF FUNCTIONAL LITERACY TO OUT OF SCHOOL CHILDREN OR ILLITERATE ADULTS SO THAT THEY CAN EITHER ACCESS FORMAL EDUCATION OPPORTUNITIES OR BETTER INCOME GENERATION OPPORTUNITIES. THE CORNERSTONE OF MUCH OF OUR WORK IS OUR SENSITIVITY TO AND PURPOSEFUL INTEGRATION OF GENDER ISSUES, SPECIFICALLY AROUND WOMEN'S EMPOWERMENT AND GIRL'S ACCESS TO EDUCATION.

Program 3

Expenses: $6,959,392 Revenue: $0

ASIA PROGRAMS:WORLD EDUCATION'S ASIA DIVISION CURRENTLY OPERATES IN MYANMAR, LAOS, NEPAL AND CAMBODIA AND FOCUSES ON FOUR THEMATIC AREAS, BASIC EDUCATION, STRENGTHENING SYSTEMS AND SUPPORT FOR...

ASIA PROGRAMS:WORLD EDUCATION'S ASIA DIVISION CURRENTLY OPERATES IN MYANMAR, LAOS, NEPAL AND CAMBODIA AND FOCUSES ON FOUR THEMATIC AREAS, BASIC EDUCATION, STRENGTHENING SYSTEMS AND SUPPORT FOR PERSONS WITH DISABILITIES, MIGRATION/ANTI-TRAFFICKING AND CHILD LABOR ELIMINATION, AND YOUTH DEVELOPMENT. IN BASIC EDUCATION, WE EMPHASIZE EARLY GRADE READING AND EARLY GRADE MATH, INCLUSIVE EDUCATION (FOR CHILDREN WITH DISABILITIES AND MINORITY LANGUAGE SPEAKERS), TECHNOLOGY IN EDUCATION, AND NONFORMAL EDUCATION. OUR CURRENT SIGNATURE PROJECT IN THE DISABILITIES ARENA ENHANCES THE INDEPENDENCE AND FUNCTIONAL ABILITY OF PERSONS WITH DISABILITIES IN LAOS THROUGH EQUAL ACCESS TO HEALTH AND SOCIAL SERVICES. WE CURRENTLY SUPPORT CAPACITY BUILDING OF LOCAL NGOS THAT ARE WORKING TO ELIMINATE CHILD LABOR IN NEPAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $48,060,017

Program Service Revenue $0

Investment Income $11,340

Other Revenue $29,711

TOTAL REVENUE $48,101,068

Expense Breakdown

Grants Paid $12,573,345

Salaries & Benefits $8,625,035

Fundraising Expenses $21,731

Program Expenses $38,697,786

Other Expenses $27,064,329

TOTAL EXPENSES $48,262,709

Year-over-Year Comparison

	2022	2021	Change
Revenue	$48,101,068	$51,800,410	-0.1%
Expenses	$48,262,709	$50,966,757	-0.1%
Net Income	$-161,641	$833,653	-1.2%

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

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

$248,936

Total Directors

Key Employees

$377,701

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAFIZ ADAMJEE	DIRECTOR - CHAIR (AS OF 10/22)	3.00	Officer Director	$0	$0	$0
MARK A NELSON	DIRECTOR - VICE CHAIR (AS OF 10/22)	3.00	Officer Director	$0	$0	$0
RISHI BHALERAO	DIRECTOR - TREASURER	3.00	Officer Director	$0	$0	$0
TANYA JONES	DIRECTOR - SECRETARY (AS OF 10/22)	3.00	Officer Director	$0	$0	$0
FARIDA KATHAWALLA	DIRECTOR	3.00	Director	$0	$0	$0
JOSH LAMSTEIN	DIRECTOR	3.00	Director	$0	$0	$0
DONNA MCKAY	DIRECTOR	3.00	Director	$0	$0	$0
IQBAL QUADIR	DIRECTOR (THRU 04/23)	3.00	Director	$0	$0	$0
SHIRLEY BURCHFIELD	DIRECTOR	3.00	Director	$0	$0	$0
ANGELINE PEYTON	DIRECTOR	3.00	Director	$0	$0	$0
LINDA HARRAR NON-VOTING	VICE CHAIR (THRU 10/22)/DIRECTOR	3.00	Director	$0	$0	$0
PAUL MUSANTE	CHAIR (THRU 10/22)/DIRECTOR	3.00	Director	$0	$0	$0
CHRISTINE SMITH	SECRETARY (THRU 10/22)/DIRECTOR	3.00	Director	$0	$0	$0
LISA STOCKBERGER	DIRECTOR (NON-VOTING)	3.00	Director	$0	$0	$0
FRED O'REGAN	DIRECTOR (NON-VOTING)	3.00	Director	$0	$0	$0
ALEXANDER BAKER	CHIEF OPERATING OFFICER	10.00	Officer	$0	$0	$42,941
MARGARET CROTTY	PRESIDENT AND CEO	40.00	Officer	$0	$0	$152,082
JANICE CLARK AS OF 0722	CHIEF FINANCIAL OFFICER	40.00	Officer	$0	$0	$53,913
DANIEL MACNEIL	VICE PRESIDENT	40.00	Key Emp	$162,550	$40,749	$203,299
PATIENCE NDLOVU	EXEC DIR, BANTWANA DIVISION & VP WEI	40.00	Key Emp	$174,402	$0	$174,402
GILLIAN GARB-SIEFF	PROJECT DIRECTOR (THRU 12/22)	40.00	Highest	$148,883	$20,994	$169,877
DAVID C NOYES	PROGRAM DIRECTOR	40.00	Highest	$171,329	$19,224	$190,553
SUZANNE M VAN HOOK THRU 0423	DIRECTOR OF FINANCE & OPERATIONS, AF	40.00	Highest	$144,503	$39,771	$184,274
BERNARD FRANK	CHIEF OF PARTY	40.00	Highest	$165,943	$0	$165,943
TSITSI CHRINDA	CHIEF OF PARTY	40.00	Highest	$152,167	$0	$152,167

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	$48,101,068	$48,262,709	No data	$-161,641
2022	$51,800,410	$50,966,757	$10,873,421	$833,653
2021	$46,829,834	$45,205,786	$10,235,072	$1,624,048
2020	$42,331,318	$42,269,651	$9,953,064	$61,667
2019	$44,979,445	$44,865,123	$9,040,127	$114,322