Institute for Better Education (EIN 237102832) - 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

1971

Legal Domicile

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.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$109,918

Total Directors

$109,918

Key Employees

Highest Compensated

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

Institute for Better Education