Institute for Better Education

EIN: 237102832 501(c)(3) Education

Tucson, AZ

Total Revenue
$24,394,559
Total Expenses
$20,941,512
Total Assets
$45,602,734
Net Assets
$45,594,524
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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
1971
Legal Domicile
AZ
Principal Officer
Kimberly Kirschner
Phone
5205125438
Tax Period
2023-07-01 to 2024-06-30

Institute for Better Education, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $24.4M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $20.9M left a modest 14% surplus.

Mission

IBE is committed to removing any financial obstacles that stand in a family?s way of providing an Arizona private school K-12 education for their children and their unique needs. This is successfully accomplished with Arizona Tax Credit Scholarships.

Program Service Accomplishments

Program 1
Expenses: $18,885,961

The Institute for Better Education provided 4,823 students with scholarships to attend the Arizona private school that best fits their unique needs. IBE strives to assist the most vulnerable...

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The Institute for Better Education provided 4,823 students with scholarships to attend the Arizona private school that best fits their unique needs. IBE strives to assist the most vulnerable populations of children in Arizona with their educational needs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $22,789,898
Program Service Revenue $0
Investment Income $1,604,661
Other Revenue $0
TOTAL REVENUE $24,394,559

Expense Breakdown

Grants Paid $18,579,537
Salaries & Benefits $762,365
Fundraising Expenses $386,675
Program Expenses $18,885,961
Other Expenses $1,599,610
TOTAL EXPENSES $20,941,512

Year-over-Year Comparison

2023 2022 Change
Revenue $24,394,559 $26,298,919 -0.1%
Expenses $20,941,512 $21,768,577 0.0%
Net Income $3,453,047 $4,530,342 -0.2%
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
8
Independent Members
8
Employees
11
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
3
$109,918
Total Directors
9
$109,918
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kimberly Kirschner Executive Dir. 55.00
Officer Director
$109,918 $0 $109,918
Aaron Jansen Director 1.00
Director
$0 $0 $0
Troy Ruboyianes Director 1.00
Director
$0 $0 $0
Jack Schull President 1.00
Officer Director
$0 $0 $0
Eric Dowdle Director 1.00
Director
$0 $0 $0
Rusty Rollins Secretary 1.00
Officer Director
$0 $0 $0
Inga Brchan Director 1.00
Director
$0 $0 $0
Katrina Powell Director 1.00
Director
$0 $0 $0
Harvey Mordka 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 No data No data No data No data
2024 $24,394,559 $20,941,512 $45,602,734 $3,453,047
2023 $26,298,919 $21,768,577 $42,148,451 $4,530,342
2023 $26,298,919 $21,768,577 $42,148,451 $4,530,342
2022 $28,870,649 $24,099,143 $37,186,348 $4,771,506
2021 $28,983,882 $22,769,156 $33,008,128 $6,214,726
2020 $22,913,031 $21,537,937 $26,803,865 $1,375,094
2019 $24,099,649 $22,085,457 $25,427,997 $2,014,192
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