EDUCATIONNC

EIN: 205625322 501(c)(3) Public & Societal Benefit

RALEIGH, NC

Total Revenue
$1,415,898
Total Expenses
$2,515,683
Total Assets
$4,126,491
Net Assets
$4,092,095
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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
NC
Principal Officer
MEBANE RASH
Phone
9195394851
Tax Period
2022-07-01 to 2023-06-30

EDUCATIONNC, founded in 2006, is a community nonprofit in the Public & Societal Benefit sector that reported $1.4M in total revenue in fiscal year 2022. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 78% operating deficit.

Mission

EDUCATIONNC SEEKS TO EXPAND EDUCATIONAL OPPORTUNITIES FOR ALL CHILDREN IN NC, INCREASE THEIR ACADEMIC ATTAINMENT, AND IMPROVE THE PERFORMANCE OF THE STATE'S PUBLIC SCHOOLS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,414,542
Program Service Revenue $1,356
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,415,898

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,548,820
Fundraising Expenses $24,000
Program Expenses $2,352,002
Other Expenses $966,863
TOTAL EXPENSES $2,515,683

Year-over-Year Comparison

2022 2021 Change
Revenue $1,415,898 $4,993,876 -0.7%
Expenses $2,515,683 $2,234,855 +0.1%
Net Income $-1,099,785 $2,759,021 -1.4%
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

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Governance

Voting Members
9
Independent Members
8
Employees
18
Volunteers
27

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
5
$330,397
Total Directors
9
$189,746
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FERREL GUILLORY MEMBER, BOARD OF DIRECTORS 8.00
Director
$0 $0 $0
MARGARET M RASH PRESIDENT/CEO 40.00
Officer Director
$189,746 $0 $189,746
TRACEY GREENE-WASHINGTON MEMBER, BOARD OF DIRECTORS 1.00
Officer Director
$0 $0 $0
STEVE LASSITER MEMBER, BOARD OF DIRECTORS 1.00
Officer Director
$0 $0 $0
PATRICK MILLER MEMBER, BOARD OF DIRECTORS 1.00
Officer Director
$0 $0 $0
CHRIS WILLIAM MEMBER, BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
SONJA GANTT MEMBER, BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
KAYLA MORAIS MEMBER, BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
ANTHONY JACKSON MEMBER, BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
MOLLY URQUHART VP, DIRECTOR OF OPERATIONS 40.00
Officer
$140,651 $0 $140,651
NATION HAHN DIRECTOR OF GROWTH 40.00
Highest
$148,750 $0 $148,750
CAROLINE PARKER DIRECTOR OF RURAL STORYTELLING & STRATEGY 40.00
Highest
$103,355 $0 $103,355
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,415,898 $2,515,683 $4,126,491 $-1,099,785
2022 $4,993,876 $2,234,855 $5,203,625 $2,759,021
2021 $1,459,576 $1,973,819 $2,459,510 $-514,243
2020 $2,899,721 $2,119,116 $3,169,671 $780,605
2019 $1,938,523 $1,850,627 $2,173,375 $87,896
2018 $3,034,404 $1,382,105 $2,085,735 $1,652,299
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