Partners for Educational Freedom I… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

Michael B Long

Tax Period

2022-01-01 to 2022-12-31

Partners for Educational Freedom In NC, founded in 2008, is a small nonprofit in the Education sector that reported $225K in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $410K exceeded revenue, resulting in a 82% operating deficit.

Mission

To Advocate and Educate Public Concerning Education Opportunities in NC

Program Service Accomplishments

Program 1

Expenses: $356,072

Major school choice expansion as the North Carolina General Assembly was able to pass a bi-partisan budget that includes our school choice priorities, including: Scholarship maximum increases from a flat $4,200 to 90% of the States public school per pupil spending for a full-time student (45% for part-time students), which is approximately $5,900. As public school per pupil spending increases each year, so would the scholarship amount. Increases income requirements from 150% to 175% of the amount required for the student to qualify for free and reduced lunchincome for a family of four increases from approximately $73,000/year to approximately $85,000/year. Increases the states yearly appropriation from $10 million per year to $15 million per year until the 2031-2032 school year. The State may contract with a nonprofit to provide outreach and assistance to families as they navigate the scholarship process.

Program 2

Public Charter Schools $1.1 million for charters that accepted students after the second ADM count. Fast track replication process for some charter schools. Planning year will not be required for...

Public Charter Schools $1.1 million for charters that accepted students after the second ADM count. Fast track replication process for some charter schools. Planning year will not be required for these schools. $4.9 million total for the biennium to implement mobile panic alarm capability in all public K-12 and charter schools. $2.5 million for Transportation Grant Program for charter schools with 50%+ FRL, reimbursement up to 65% costs. Charter schools get water and sewer requirements for municipalities. Extended virtual charter school program.

Program 3

Special Needs Scholarship Grant Programs Increases funding for the Disabilities Grant by $5.95M and increases funding for the ESA program by $9.65M for the 2021-22 school year. Combines the Children with Disabilities Grant and Education Savings Account program into one program: NC Personal Education Student Accounts for Children with Disabilities, with over $31.6M for 2022-23. Implements forward funding and guarantees an additional $1M each year through 2032-33.

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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 $225,000

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $225,003

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $25,641

Fundraising Expenses $0

Program Expenses $356,072

Other Expenses $284,824

TOTAL EXPENSES $410,465

Year-over-Year Comparison

	2022	2021	Change
Revenue	$225,003	$361,478	-0.4%
Expenses	$410,465	$183,015	+1.2%
Net Income	$-185,462	$178,463	-2.0%

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

$222,078

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael B Long	President	10.00	Officer	$23,780	$40,325	$222,078
Rita Haire	Director	1.00	Director	$0	$0	$0
Rick Adams	Director	1.00	Director	$0	$0	$0
Lesa Howard	Secretary	1.00	Officer Director	$0	$0	$0
John Bryson	Treasurer	1.00	Officer Director	$0	$0	$0
Joel Ford	Chair	1.00	Officer 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
2022	$225,003	$410,465	$17,065	$-185,462
2021	$361,478	$183,015	$202,527	$178,463
2020	$327,566	$376,263	$24,064	$-48,697
2019	$360,016	$420,850	$72,761	$-60,834
2018	$375,059	$427,264	$133,595	$-52,205

Partners for Educational Freedom In NC