Hmong Education Reform Company (EIN 204244605) - 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

2006

Legal Domicile

Principal Officer

David Kloskin

Phone

6513328560

Tax Period

2024-07-01 to 2025-06-30

Hmong Education Reform Company, founded in 2006, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2024.

Mission

The Corporation is organized and shall be operated exclusively in support of Hmong College Prep Academy and in particular, to purchase, own, and construct a public schoolhouse on real estate for lease to Hmong College Prep Academy.

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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 $0

Program Service Revenue $5,431,028

Investment Income $114,179

Other Revenue $0

TOTAL REVENUE $5,545,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,717,378

Other Expenses $5,888,715

TOTAL EXPENSES $5,888,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,545,207	$5,548,214	0.0%
Expenses	$5,888,715	$5,859,627	+0.0%
Net Income	$-343,508	$-311,413	+0.1%

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

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

$223,053

Total Directors

$223,053

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Luke Mead	Board Chair/ Project Manager	1.00	Officer Director	$0	$12,933	$99,710
Mariah Mercil	Board Treasurer	1.00	Officer Director	$0	$0	$0
Jenee Nordstrom-Anderson	Board Secretary/ Teaching Director	1.00	Officer Director	$0	$16,123	$123,343

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	$5,545,207	$5,888,715	$74,967,605	$-343,508
2024	No data	No data	No data	No data
2023	$5,502,527	$5,958,429	$77,866,851	$-455,902
2022	$5,088,738	$2,784,370	$79,403,833	$2,304,368
2021	$9,901,803	$5,979,075	$74,819,992	$3,922,728
2020	$4,464,368	$5,513,734	$55,495,111	$-1,049,366
2019	$4,245,354	$4,522,988	$56,630,467	$-277,634
2018	$3,919,447	$4,295,462	$59,422,601	$-376,015

Hmong Education Reform Company