EDUCATION FORWARD ARIZONA (EIN 202366755) - 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

2005

Legal Domicile

Principal Officer

RICH NICKEL

Phone

6026361850

Tax Period

2024-01-01 to 2024-12-31

EDUCATION FORWARD ARIZONA, founded in 2005, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $8.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

ADVOCATE FOR AND ACT ON EDU. IMPROVEMENTS THAT ADVANCE THE QUALITY OF LIFE FOR ALL ARIZONANS

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,801,293

Program Service Revenue $116,560

Investment Income $358,324

Other Revenue $0

TOTAL REVENUE $7,276,177

Expense Breakdown

Grants Paid $2,648,911

Salaries & Benefits $3,588,225

Fundraising Expenses $345,338

Program Expenses $6,548,018

Other Expenses $1,848,759

TOTAL EXPENSES $8,085,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,276,177	$6,266,542	+0.2%
Expenses	$8,085,895	$7,219,589	+0.1%
Net Income	$-809,718	$-953,047	-0.2%

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

$299,316

Total Directors

$299,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICH NICKEL	PRESIDENT & CEO	40.00	Officer Director	$275,341	$23,975	$299,316
RON BUTLER	VICE CHAIR & TREASURER	0.25	Officer Director	$0	$0	$0
JOHN FEES	DIRECTOR & CHAIR	0.25	Officer Director	$0	$0	$0
SHELLEY MELLON	DIRECTOR & SECRETARY	0.25	Officer Director	$0	$0	$0
TRACY BAME	DIRECTOR	0.25	Director	$0	$0	$0
TENIQUA BROUGHTON	DIRECTOR	0.25	Director	$0	$0	$0
DR DANIEL CORR	DIRECTOR	0.25	Director	$0	$0	$0
JASON COOCHWYTEWA	DIRECTOR	0.25	Director	$0	$0	$0
GONZALO DE LA MELENA	DIRECTOR	0.25	Director	$0	$0	$0
KATE HICKMAN	DIRECTOR	0.25	Director	$0	$0	$0
EDMUNDO HIDALGO	DIRECTOR	0.25	Director	$0	$0	$0
CHEVY HUMPHREY	DIRECTOR	0.25	Director	$0	$0	$0
PAUL KOEHLER	DIRECTOR	0.25	Director	$0	$0	$0
VINCE ROIG	DIRECTOR	0.25	Director	$0	$0	$0
DEANNA SALAZAR	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT VANDERPOOL	DIRECTOR	0.25	Director	$0	$0	$0
SHELLEY WATSON	DIRECTOR	0.25	Director	$0	$0	$0
TERESA L RUIZ	SR VP, CHIEF PROGRAM & ADV	40.00	Highest	$152,770	$8,690	$161,460
DIANA FIGUEROA	SR VP MARCOMM & STRATEGIC	40.00	Highest	$149,500	$8,491	$157,991
TEENA OLSZEWSKI	SR VP & CHIEF OF STAFF	40.00	Highest	$148,000	$8,382	$156,382

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	$7,276,177	$8,085,895	$20,515,483	$-809,718
2023	$6,266,542	$7,219,589	$20,694,562	$-953,047
2022	$9,242,134	$6,164,873	$20,619,225	$3,077,261
2021	$6,349,882	$5,744,557	$19,037,884	$605,325
2020	$4,944,911	$5,175,508	$16,402,429	$-230,597
2019	$3,230,365	$4,631,583	$16,618,753	$-1,401,218
2018	$1,939,330	$3,960,111	$16,650,899	$-2,020,781

EDUCATION FORWARD ARIZONA