EDUCATIONNC

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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

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 WORKS TO EXPAND EDUCATIONAL OPPORTUNITIES FOR ALLCHILDREN IN NORTH CAROLINA, INCREASE THEIR ACADEMIC ATTAINMENT, ANDIMPROVE THE PERFORMANCE OF THE STATE'S PUBLIC SCHOOLS. EDNC PROVIDESCITIZENS AND POLICYMAKERS WITH NONPARTISAN DATA, RESEARCH, NEWS,INFORMATION, AND ANALYSIS ABOUT THE MAJOR TRENDS, ISSUES, ANDCHALLENGES BEARING ON EDUCATION. EDNC GATHERS AND DISSEMINATESINFORMATION EMPLOYING THE MOST EFFECTIVE MEANS OF COMMUNICATION,PRIMARILY THROUGH THE INTERNET. IN ADDITION TO THE CONTENTDISTRIBUTED, EDNC ENCOURAGES AN ACTIVE AND CONNECTED COMMUNITY OFTHOSE INTERESTED IN EDUCATION POLICY AND PRACTICE THROUGHOUT THESTATE, BUILDING AN ARCHITECTURE FOR PARTICIPATION IN CONVERSATIONABOUT OUR STUDENTS, STATE, AND FUTURE. THE WORK OF EDNC ENCOURAGESINFORMED CITIZEN PARTICIPATION AND STRONG LEADERSHIP ON BEHALF OF THESCHOOL CHILDREN OF NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $2,352,002 Revenue: $1,356

EDUCATIONNC PROVIDES NORTH CAROLINA WITH DATA, RESEARCH, NEWS, INFORMATION, AND ANALYSIS ABOUT THE MAJOR TRENDS, ISSUES, AND CHALLENGES FACING SCHOOLS. IT HAS BECOME THE STATE'S TRUSTED SOURCE OF...

EDUCATIONNC PROVIDES NORTH CAROLINA WITH DATA, RESEARCH, NEWS, INFORMATION, AND ANALYSIS ABOUT THE MAJOR TRENDS, ISSUES, AND CHALLENGES FACING SCHOOLS. IT HAS BECOME THE STATE'S TRUSTED SOURCE OF INFORMATION ABOUT EDUCATION, BUILDING THE ARCHITECTURE FOR CITIZEN PARTICIPATION IN A STATEWIDE CONVERSATION ABOUT OUR STUDENTS, OUR SCHOOLS, AND OUR STATE. AS OF JUNE, 30, 2023, EDUCATIONNC PUBLISHED 7,567 ARTICLES FEATURING VOICES ACROSS ALL 100 NORTH CAROLINA COUNTIES.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$330,397

Total Directors

$189,746

Key Employees

Highest Compensated

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