EDUCATION REFORM NOW 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

2005

Legal Domicile

Principal Officer

JORGE ELORZA

Phone

2126143213

Tax Period

2023-01-01 to 2023-12-31

EDUCATION REFORM NOW INC, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $10.5M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $12.9M exceeded revenue, resulting in a 23% operating deficit.

Mission

OUR MISSION IS TO CREATE PROGRESSIVE EDUCATION CHANGE AT BOTH THE FEDERAL LEVEL AND IN STATES ACROSS THE COUNTRY AT EVERY STAGE FROM K-12 TO HIGHER-ED TO ENSURE AMERICANS OF ALL AGES, FROM CRADLE TO GRAVE, GAINS FULL AND FAIR ACCESS TO A GLOBALLY COMPETITIVE HIGH-QUALITY PUBLIC EDUCATION THAT EMPOWERS THEM TO FULFILL THEIR LIMITLESS POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $9,511,679 Revenue: $0

EDUCATION REFORM NOW, INC. (ERN) WORKS TO INFORM, EDUCATE, AND PUT FORTH IDEAS AROUND PUBLIC EDUCATION POLICY. TO ACCOMPLISH THIS GOAL ERN BUILDS A DURABLE NETWORK OF PROGRESSIVE CHAMPIONS IN THE...

EDUCATION REFORM NOW, INC. (ERN) WORKS TO INFORM, EDUCATE, AND PUT FORTH IDEAS AROUND PUBLIC EDUCATION POLICY. TO ACCOMPLISH THIS GOAL ERN BUILDS A DURABLE NETWORK OF PROGRESSIVE CHAMPIONS IN THE EDUCATIONAL POLICYMAKING ARENA TO EXPAND WHAT WORKS AND CHANGE WHAT IS BROKEN FOR THE BENEFIT OF STUDENTS AND FAMILIES WITH A FOCUS ON PEOPLE OF COLOR. ERN'S WORK IS FOCUSED IN THE FOLLOWING BROAD AREAS: POLICY ACTION, LEADERSHIP NETWORKING AND COLLABORATION, COMMUNICATIONS, AND COALITION BUILDING. WITHIN POLICY ACTION ERN'S PRIMARY GOAL IS TO RESEARCH AND IMPLEMENT AT THE NATIONAL AND STATE LEVEL STUDENT-CENTERED POLICIES FOCUSING ON STANDARDS AND ACCOUNTABILITY, PUBLIC SCHOOL CHOICE, RESOURCE EQUITY, TEACHER PREPARATION, AND HIGHER EDUCATION ACCESS AND PERSISTENCE. TO FACILITATE CHANGE IN K-12 AND HIGHER EDUCATION ERN EMPOWERS AND CONNECTS A NETWORK OF DIVERSE "ON THE GROUND" LEADERS AT THE NATIONAL AND STATE LEVELS TO DRIVE CHANGE, LEVERAGE ALLIANCES, AND TO MULTIPLY IMPACT. ERN USES MAJOR MEDIA AND DIGITAL COMMUNICATIONS TO ACTIVATE AUDIENCES AND ELEVATE ALIGNED VOICES. ADDITIONALLY, THROUGH DIVERSE COALITIONS ERN SEEKS TO INFORM AND MOBILIZE VOTERS TO INCREASE CIVIC PARTICIPATION AROUND THE ISSUE OF EDUCATION REFORM.

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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 $10,047,281

Program Service Revenue $0

Investment Income $105,765

Other Revenue $332,584

TOTAL REVENUE $10,485,630

Expense Breakdown

Grants Paid $7,580,191

Salaries & Benefits $1,959,148

Fundraising Expenses $1,742,072

Program Expenses $9,511,679

Other Expenses $3,277,927

TOTAL EXPENSES $12,935,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,485,630	$19,999,751	-0.5%
Expenses	$12,935,563	$11,860,284	+0.1%
Net Income	$-2,449,933	$8,139,467	-1.3%

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

N/A

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

$476,160

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES LEDLEY	DIRECTOR	1.00	Director	$0	$0	$0
SIDNEY HAWKINS GARGIULO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SABAT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PETRY	DIRECTOR/CO-CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL SABAT	DIRECTOR	1.00	Director	$0	$0	$0
BOYKIN CURRY	DIRECTOR/CO-CHAIR	1.00	Officer Director	$0	$0	$0
WHITNEY TILSON	DIRECTOR	1.00	Director	$0	$0	$0
JIM ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BLUHM	DIRECTOR	1.00	Director	$0	$0	$0
MARLON MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
JORGE ELORZA	CHIEF EXECUTIVE OFFICER	28.00	Officer	$217,959	$18,341	$236,300
SHERI ADEBIYI	CHIEF FINANCIAL OFFICER	20.00	Officer	$112,166	$18,118	$130,284
SHAKIRA PETIT	CHIEF OPERATING OFFICER	12.00	Officer	$59,543	$9,035	$68,578
NICOLE POLLOCK	CHIEF OPERATING OFFICER	12.00	Officer	$36,899	$4,099	$40,998
PATRICK VAN KEERBERGEN	NATIONAL POLITICAL DIRECTOR	30.00	Highest	$150,914	$35,154	$186,068

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	$10,485,630	$12,935,563	$17,537,869	$-2,449,933
2022	$19,999,751	$11,860,284	$19,988,693	$8,139,467
2021	$9,742,321	$8,168,050	$12,856,272	$1,574,271
2020	$8,769,665	$7,216,324	$10,381,688	$1,553,341
2019	$11,557,585	$8,086,242	$8,981,072	$3,471,343
2018	$5,705,104	$8,135,499	$5,565,818	$-2,430,395