TCS Education System (EIN 270717860) - 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

2009

Legal Domicile

Principal Officer

Michael Horowitz

Phone

3123791699

Tax Period

2024-06-01 to 2025-05-31

TCS Education System, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $80.0M in total revenue in fiscal year 2024. Expenses of $77.0M left a modest 4% surplus.

Mission

TCS Education System prepares innovative, engaged, purposeful agents of change who serve our global community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $140,323

Program Service Revenue $78,808,989

Investment Income $1,024,784

Other Revenue $32,860

TOTAL REVENUE $80,006,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,909,915

Fundraising Expenses $0

Program Expenses $13,093,862

Other Expenses $43,075,755

TOTAL EXPENSES $76,985,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,006,956	$78,855,375	+0.0%
Expenses	$76,985,670	$74,773,525	+0.0%
Net Income	$3,021,286	$4,081,850	-0.3%

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

288

Volunteers

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

$2,959,385

Total Directors

$1,747,997

Key Employees

$1,772,548

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Horowitz	Corporate President/Trustee	22.00	Officer Director	$1,566,900	$181,097	$1,747,997
Edward Bergmark	Board Chair	2.00	Director	$0	$0	$0
Patricia Potter	Trustee/Vice Chair	2.00	Director	$0	$0	$0
Douglas Patinkin	Trustee/2nd Vice Chair	2.00	Director	$0	$0	$0
Alyssa Bryant	Trustee	2.00	Director	$0	$0	$0
Valerie Coachman Moore	Trustee	2.00	Director	$0	$0	$0
Victoria Dolan	Trustee	2.00	Director	$0	$0	$0
Dorothy Farris	Trustee	2.00	Director	$0	$0	$0
Jennifer Forbes	Trustee	2.00	Director	$0	$0	$0
Jana Johnston	Trustee	2.00	Director	$0	$0	$0
Kevin Kotecki	Trustee	2.00	Director	$0	$0	$0
Terence Layng	Trustee	2.00	Director	$0	$0	$0
Renee Levi	Trustee	2.00	Director	$0	$0	$0
Dan McCarty	Trustee	2.00	Director	$0	$0	$0
Marlene Moore	Trustee	2.00	Director	$0	$0	$0
Teresa Nuno	Trustee	2.00	Director	$0	$0	$0
Dipak Panigrahy	Trustee	2.00	Director	$0	$0	$0
Leslie Sanchez	Trustee	2.00	Director	$0	$0	$0
Rodd Satterwhite	Trustee	2.00	Director	$0	$0	$0
Diane Watson	Trustee	2.00	Director	$0	$0	$0
Jennifer Gantz	Corporate Treasurer/CFO	22.00	Officer	$375,738	$24,740	$400,478
Shari Mikos	Corporate Secretary	22.00	Officer	$339,858	$28,735	$368,593
Gregory Beno	Asst. Treasurer	22.00	Officer	$257,592	$18,468	$276,060
Elisa Davis	Assistant Secretary	22.00	Officer	$49,184	$3,895	$53,079
Sara Sotelo	Asst. Corporate Secretary	22.00	Officer	$93,494	$19,684	$113,178
Deborah Markos	Chief Operating Officer	40.00	Key Emp	$543,950	$72,996	$616,946
Richard Merrick	Chief Information Officer	40.00	Key Emp	$369,804	$27,891	$397,695
Brian Powell	Chief Human Resources Officer	40.00	Key Emp	$364,659	$23,549	$388,208
Leanne Wruck	Chief Academic Officer (until 7/24)	12.00	Key Emp	$288,436	$27,092	$369,699
Alison Baumann	VP of Marketing	40.00	Highest	$282,230	$20,344	$302,574
Vikki Lemus	VP of Human Resources (until 5/24)	40.00	Highest	$226,958	$23,302	$250,260
Steve Schneck	VP of IT Service	40.00	Highest	$235,443	$58,069	$293,512
Cameron Scott	Assoc. VP of Retention & Institutional Effectivene	40.00	Highest	$220,966	$45,439	$266,405
Lesley McKinley	VP of Enterprise Application	40.00	Highest	$208,595	$31,984	$240,579

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	$80,006,956	$76,985,670	$130,521,399	$3,021,286
2024	$78,855,375	$74,773,525	$130,580,418	$4,081,850
2023	$70,877,819	$66,763,641	$121,664,551	$4,114,178
2022	$63,686,418	$59,174,724	$58,844,634	$4,511,694
2021	$55,086,916	$53,507,681	$52,664,747	$1,579,235
2020	$49,293,156	$46,803,685	$50,377,952	$2,489,471
2019	$45,340,933	$44,353,972	$47,021,009	$986,961
2018	$42,151,472	$46,955,402	$42,546,475	$-4,803,930

TCS Education System