THE POWER OF EDUCATION FOUNDATION

EIN: 271568821 501(c)(3) International Affairs

GRAND RAPIDS, MI

Total Revenue
$83,881
Total Expenses
$180,526
Total Assets
$197,513
Net Assets
$197,513
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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
MI
Principal Officer
JENNIFER MASTERNAK
Phone
6164857514
Tax Period
2023-01-01 to 2023-12-31

THE POWER OF EDUCATION FOUNDATION, founded in 2009, is a micro nonprofit in the International Affairs sector that reported $84K in total revenue in fiscal year 2023. Expenses of $181K exceeded revenue, resulting in a 115% operating deficit.

Mission

POWERING CHILDREN THROUGH EDUCATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $83,777
Program Service Revenue $0
Investment Income $0
Other Revenue $104
TOTAL REVENUE $83,881

Expense Breakdown

Grants Paid $169,854
Salaries & Benefits $0
Fundraising Expenses $3,734
Program Expenses $172,676
Other Expenses $10,672
TOTAL EXPENSES $180,526

Year-over-Year Comparison

2023 2022 Change
Revenue $83,881 $81,578 +0.0%
Expenses $180,526 $184,457 0.0%
Net Income $-96,645 $-102,879 -0.1%
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
4
Independent Members
3
Employees
N/A
Volunteers
4

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN PASTOOR BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
MERRIL STANSBURY SECRETARY 1.00
Officer Director
$0 $0 $0
JENNIFER MASTERNAK TREASURER 1.00
Officer Director
$0 $0 $0
BRIAN MASTERNAK TRUSTEE 1.00
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
2024 No data No data No data No data
2023 $83,881 $180,526 $197,513 $-96,645
2022 $81,578 $184,457 $294,158 $-102,879
2021 $248,709 $192,613 $397,037 $56,096
2020 $150,478 $162,524 $340,941 $-12,046
2019 $186,599 $141,800 $352,987 $44,799
2018 $219,584 $109,459 $308,188 $110,125
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