Novation Education Opportunities (EIN 271268650) - 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

Wendy J Swanson-Choi

Phone

6128892103

Tax Period

2024-07-01 to 2025-06-30

Novation Education Opportunities, founded in 2009, is a small nonprofit in the Education sector that reported $578K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

NEO oversees and evaluates charter schools for the purpose of improving student learning.

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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 $747

Program Service Revenue $576,884

Investment Income $0

Other Revenue $0

TOTAL REVENUE $577,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $293,499

Fundraising Expenses $0

Program Expenses $531,850

Other Expenses $328,137

TOTAL EXPENSES $621,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$577,631	$619,722	-0.1%
Expenses	$621,636	$549,597	+0.1%
Net Income	$-44,005	$70,125	-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

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

$116,419

Total Directors

$116,419

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wafa Qureshi	Treasurer	4.00	Officer Director	$0	$0	$0
Aleem Roshan	Board Chair	4.00	Officer Director	$0	$0	$0
Wendy Swanson-Choi	Ex Officio	50.00	Officer Director	$116,419	$0	$116,419
Nabeel Syed	Board Member	2.00	Director	$0	$0	$0
Jawad Lodhi	Board Member	2.00	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	$577,631	$621,636	$421,620	$-44,005
2024	$619,722	$549,597	$415,361	$70,125
2023	$529,199	$532,038	$378,610	$-2,839
2022	$522,779	$495,090	$357,793	$27,689
2021	$540,955	$476,860	$353,215	$64,095
2020	$579,678	$562,103	$306,858	$17,575
2019	$453,199	$472,965	$294,440	$-19,766

Novation Education Opportunities