Parents for Educational Freedom in NC (EIN 202754466) - 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

Rick Adams

Phone

9198711084

Tax Period

2025-01-01 to 2025-12-31

Parents for Educational Freedom in NC, founded in 2005, is a small nonprofit in the Education sector that reported $968K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

Parents for Educational Freedom in NC advocates for quality educational options through parental school choice. Our mission is to ENGAGE at the grassroots level, EDUCATE NC about the options in our state, and EMPOWER families to have a voice in their childrens education.

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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 (2025)

Revenue Breakdown

Contributions & Grants $932,494

Program Service Revenue $1,750

Investment Income $29,376

Other Revenue $4,759

TOTAL REVENUE $968,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $683,799

Fundraising Expenses $85,164

Program Expenses $798,929

Other Expenses $422,915

TOTAL EXPENSES $1,106,714

Year-over-Year Comparison

	2025	2024	Change
Revenue	$968,379	$1,317,920	-0.3%
Expenses	$1,106,714	$1,258,950	-0.1%
Net Income	$-138,335	$58,970	-3.3%

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

$401,797

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael B Long	President	40.00	Officer Highest	$212,674	$40,897	$279,091
Allison Guenther	Vice President	0.00	Officer	$108,120	$14,586	$122,706
Rick Adams	Chair	1.00	Officer Director	$0	$0	$0
Joe Young	Director	1.00	Director	$0	$0	$0
Lesa Howard	Secretary	1.00	Officer Director	$0	$0	$0
Joel Ford	Director	1.00	Director	$0	$0	$0
Phil Strach	Director	1.00	Director	$0	$0	$0
Marilyn Avila	Treasurer	1.00	Officer Director	$0	$0	$0
Steven B Long	Director	1.00	Director	$0	$0	$0

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
2025	$968,379	$1,106,714	$731,639	$-138,335
2024	$1,317,920	$1,258,950	$869,974	$58,970
2023	$1,521,206	$1,488,111	$811,004	$33,095
2022	$1,211,027	$1,294,107	$777,909	$-83,080
2021	$1,603,241	$1,252,140	$860,989	$351,101
2020	$857,189	$1,174,099	$662,272	$-316,910
2019	$1,309,475	$1,188,184	$827,098	$121,291
2018	$1,329,396	$1,547,152	$705,507	$-217,756

Parents for Educational Freedom in NC