RURAL EDUCATION ADVANCEMENT PROGRAM (EIN 272132977) - 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

2013

Legal Domicile

Principal Officer

KIMBERLY BERLAT

Phone

5758385867

Tax Period

2023-01-01 to 2023-12-31

RURAL EDUCATION ADVANCEMENT PROGRAM, founded in 2013, is a micro nonprofit in the Education sector that reported $15K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $33K exceeded revenue, resulting in a 119% operating deficit.

Mission

REAP WAS THE INSPIRATION OF EDUCATORS AND PARENTS WHO SAW THE NEED FOR STEM EDUCATION IN RURAL COMMUNITIES THROUGHOUT NEW MEXICO. THEY ALSO SAW THE NEED TO ENCOURAGE UNDER REPRESENTED STUDENT POPULATIONS TO PARTICIPATE IN STEM PROGRAMS. THEIR GOAL WAS TO INSTILL A DESIRE TO PURSUE A STEM RELATED COLLEGE FIELD OF STUDY AND ULTIMATELY A STEM CAREER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $15,164

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,164

Expense Breakdown

Grants Paid $25,080

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,142

Other Expenses $8,062

TOTAL EXPENSES $33,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,164	$44,900	-0.7%
Expenses	$33,142	$50,375	-0.3%
Net Income	$-17,978	$-5,475	+2.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
KIMBERLY A BERLAT	EXECUTIVE DIRECTOR	Officer	$0	$0	$0
CREIGHTOM EDINGTON	DIRECTOR OF OPERATIONS	Officer Director	$0	$0	$0
DANIELLE GARCIA	DIRECTOR	Director	$0	$0	$0
ALBERT REED	DIRECTOR	Director	$0	$0	$0
CHLOE GRUBB	DIRECTOR	Director	$0	$0	$0
MATTHEW EVANS	DIRECTOR	Director	$0	$0	$0
MARIA TROYER	DIRECTOR	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$15,164	$33,142	$92,638	$-17,978
2022	$44,900	$50,375	$110,616	$-5,475
2021	$157,285	$101,393	$116,091	$55,892
2020	$406,200	$383,477	$60,199	$22,723

RURAL EDUCATION ADVANCEMENT PROGRAM