ARRAY EDUCATION INC

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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

2007

Legal Domicile

Principal Officer

NORMAN ATKINS

Phone

6468938528

Tax Period

2023-07-01 to 2024-06-30

ARRAY EDUCATION INC, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $24.3M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.0M, a strong 29% operating margin.

Mission

ARRAY EDUCATION IS AN INNOVATION STUDIO THAT SUPPORTS, CONNECTS, AND INVESTS IN TEACHING AND LEARNING PROJECTS STARTING WITH EARLY LITERACY AND CONTINUING THROUGH THE STRONG LAUNCH OF A YOUNG PERSON'S CAREER.

Program Service Accomplishments

Program 1

Expenses: $15,949,576 Revenue: $10,229,492

ARRAY EDUCATION'S VARIOUS PROGRAMS HAVE ACHIEVED MEANINGFUL ACCOMPLISHMENTS IN THE YEAR ENDED JUNE 30, 2024. THE COLLEGE SCHOLARS PROGRAM SERVED 430 INDIVIDUALS, INCLUDING 229 STUDENTS WHO RECEIVED SCHOLARSHIPS. THE PURPOSE PROGRAM TRAINED NEARLY 780 EDUCATORS ACROSS 79 SCHOOLS SERVING 16,000 STUDENTS TO ENABLE THE EDUCATORS TO TEACH AND INSTILL PURPOSE IN THEIR STUDENTS. THE LITERACY PROGRAM PARTNERED WITH 11 ORGANIZATIONS TO SUPPORT OVER 50 SCHOOLS ACROSS THE U.S. TO SUPPORT HIGH QUALITY READING INSTRUCTION POWERED BY THE SCIENCE OF READING. THE CAREER-FOCUSED PROGRAM OPERATED A LEARN AND EARN INTERNSHIP PROGRAM FOR HIGH SCHOOL STUDENTS, SERVING OVER 80 PARTICIPANTS ACROSS 5 CITIES. THE EDUCATOR PROFESSIONAL DEVELOPMENT PROGRAM PARTNERED WITH OVER 210 SCHOOLS, DISTRICTS, AND EDUCATION ORGANIZATIONS TO PROVIDE PROFESSIONAL DEVELOPMENT TRAINING AND/OR INSTRUCTIONAL TOOLS TO OVER 1,250 TEACHERS.

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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 $5,982,070

Program Service Revenue $10,229,492

Investment Income $8,081,332

Other Revenue $0

TOTAL REVENUE $24,292,894

Expense Breakdown

Grants Paid $1,350,651

Salaries & Benefits $11,974,190

Fundraising Expenses $0

Program Expenses $15,949,576

Other Expenses $3,954,353

TOTAL EXPENSES $17,279,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,292,894	$20,858,099	+0.2%
Expenses	$17,279,194	$18,136,813	0.0%
Net Income	$7,013,700	$2,721,286	+1.6%

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

100

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

$1,101,831

Total Directors

$845,704

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY ROBBINS	CHAIR AND DIRECTOR	1.00	Officer Director	$0	$0	$0
BOB KARR	DIRECTOR	1.00	Director	$0	$0	$0
RICH BUERY	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SHELLEY SANDERS KEHL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LEVIN	DIRECTOR, SECRETARY, AND PARTNER	40.00	Officer Director	$363,900	$35,700	$399,600
NORMAN ATKINS	DIRECTOR AND MANAGING PARTNER	40.00	Officer Director	$398,009	$48,095	$446,104
YVONNE CHAO	PARTNER AND OFFICER	40.00	Officer	$213,079	$43,048	$256,127
NIKKI BRIDGES	EXECUTIVE DIRECTOR, LIT	40.00	Highest	$252,985	$19,420	$272,405
DOUG LEMOV	FOUNDER AND CHIEF KNOWLEDGE OFFICER, TLAC	40.00	Highest	$216,255	$41,487	$257,742
TWINKLE MORGAN	EXECUTIVE DIRECTOR, CCS	40.00	Highest	$209,406	$10,851	$220,257
DARRYL WILLIAMS	CEO, TLAC	40.00	Highest	$240,054	$35,929	$275,983
ERICA WOOLWAY	PRESIDENT AND CHIEF ACADEMIC OFFICER, TLAC	40.00	Highest	$196,250	$8,395	$204,645

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	$24,292,894	$17,279,194	$58,234,516	$7,013,700
2023	$20,858,099	$18,136,813	$57,295,344	$2,721,286
2022	$13,221,952	$10,034,727	$55,276,450	$3,187,225
2021	$31,828,853	$11,608,970	$57,079,543	$20,219,883
2020	$14,867,382	$26,731,838	$32,910,240	$-11,864,456
2019	$9,674,101	$9,737,420	$52,391,489	$-63,319
2018	$5,783,523	$6,067,456	$52,899,215	$-283,933