EDUCATORS FOR QUALITY ALTERNATIVES INC

EIN: 270588087 501(c)(3) Education

NEW ORLEANS, LA

Total Revenue
$13,157,543
Total Expenses
$11,016,113
Total Assets
$4,740,884
Net Assets
$3,383,659
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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
2009
Legal Domicile
LA
Principal Officer
ELIZABETH OSTBERG
Phone
5042679060
Tax Period
2022-07-01 to 2023-06-30

EDUCATORS FOR QUALITY ALTERNATIVES INC, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $13.2M in total revenue in fiscal year 2022. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 16% operating margin.

Mission

TO PROVIDE STRUGGLING HIGH SCHOOL STUDENTS WITH THE SKILLS, CONFIDENCE, AND EXPERIENCES NECESSARY TO SUCCEED IN THE EDUCATION AND CAREER PATHS OF THEIR CHOICE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $12,936,363
Program Service Revenue $0
Investment Income $100,114
Other Revenue $121,066
TOTAL REVENUE $13,157,543

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,692,580
Fundraising Expenses $8,553
Program Expenses $10,022,772
Other Expenses $4,323,533
TOTAL EXPENSES $11,016,113

Year-over-Year Comparison

2022 2021 Change
Revenue $13,157,543 $8,728,125 +0.5%
Expenses $11,016,113 $9,494,983 +0.2%
Net Income $2,141,430 $-766,858 -3.8%
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
9
Independent Members
9
Employees
165
Volunteers
60

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
5
$149,371
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIO BERMUDEZ BOARD MEMBER 2.00
Director
$0 $0 $0
SHAKARI FRASER BOARD MEMBER 2.00
Director
$0 $0 $0
JANINE GUZZO BOARD MEMBER 2.00
Director
$0 $0 $0
MARY JONES BOARD MEMBER (THRU 10/2022) 1.00
Director
$0 $0 $0
NELLY LOPEZ BOARD MEMBER 2.00
Director
$0 $0 $0
DONNA PARAMORE BOARD MEMBER 2.00
Director
$0 $0 $0
TIM GRAY PRESIDENT 6.00
Officer Director
$0 $0 $0
DR IVAN GILL VICE PRESIDENT 6.00
Officer Director
$0 $0 $0
CECELIA GILLIAM SECRETARY 6.00
Officer Director
$0 $0 $0
TREY RAGAN TREASURER 6.00
Officer Director
$0 $0 $0
ELIZABETH OSTBERG CEO 50.00
Officer
$128,255 $21,116 $149,371
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 $13,157,543 $11,016,113 $4,740,884 $2,141,430
2022 $8,728,125 $9,494,983 $2,410,042 $-766,858
2021 $8,415,130 $8,729,117 $2,271,694 $-313,987
2020 $6,209,105 $5,738,207 $2,989,908 $470,898
2019 $5,075,598 $4,585,657 $1,959,546 $489,941
2018 $4,547,105 $4,408,151 $1,608,804 $138,954
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