EDUCATION FORWARD ARIZONA

EIN: 202366755 501(c)(3)

PHOENIX, AZ

Total Revenue
$7,276,177
Total Expenses
$8,085,895
Total Assets
$20,515,483
Net Assets
$18,546,483
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
AZ
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

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

Program Service Accomplishments

Program 1
Expenses: $6,548,018 Revenue: $116,560

EDUCATION IS THE FUNDAMENTAL DRIVER OF A MORE ROBUST ARIZONA WORKFORCE AND ECONOMY AND OUR BEST LEVER FOR IMPROVING THE QUALITY OF LIFE FOR ALL ARIZONANS. TO MOVE ARIZONA FORWARD, WE MUST MOVE...

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EDUCATION IS THE FUNDAMENTAL DRIVER OF A MORE ROBUST ARIZONA WORKFORCE AND ECONOMY AND OUR BEST LEVER FOR IMPROVING THE QUALITY OF LIFE FOR ALL ARIZONANS. TO MOVE ARIZONA FORWARD, WE MUST MOVE EDUCATION FORWARD. TO ACHIEVE THIS VISION, EDUCATION FORWARD ARIZONA ADVOCATES FOR AND ACTS ON EDUCATION IMPROVEMENTS THAT ADVANCE THE QUALITY OF LIFE FOR ALL ARIZONANS. OUR APPROACH TO FULFILLING THIS VISION AND MISSION IS TO RAISE AWARENESS OF THE CONNECTION BETWEEN QUALITY EDUCATION AND QUALITY OF LIFE, AND ADVANCE EDUCATION POLICY AND SUPPORTS THAT IMPROVE EDUCATION OUTCOMES FOR ALL STUDENTS IN ARIZONA. (CONTINUED ON SCHEDULE O)

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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%)

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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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Governance

Voting Members
17
Independent Members
16
Employees
72
Volunteers
16

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
4
$299,316
Total Directors
17
$299,316
Key Employees
0
$0
Highest Compensated
3
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
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