CORRECTIONAL EDUCATION ASSOCIATION… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

Deborah Withem Treasurer

Tax Period

2024-01-01 to 2024-12-31

CORRECTIONAL EDUCATION ASSOCIATION OF OHIO, founded in 1987, is a small nonprofit in the Education sector that reported $428K in total revenue in fiscal year 2024. The organization ran a surplus of $180K, a strong 42% operating margin.

Mission

Provide professional development and recognition to/for correctional educators

Program Service Accomplishments

Program 1

Expenses: $230,526 Revenue: $426,826

Provided professional development to educators working in correctional settings

Program 2

Expenses: $6,214 Revenue: $0

Teacher of the Year awards ceremony to recognize exemplary service to the field of correctional education (gifts plus monetary awards/scholarships given)

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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 $0

Program Service Revenue $426,826

Investment Income $1,209

Other Revenue $0

TOTAL REVENUE $428,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,740

Other Expenses $248,175

TOTAL EXPENSES $248,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$428,035	N/A	N/A
Expenses	$248,175	N/A	N/A
Net Income	$179,860	$0	N/A

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donald Barker	President	5	Officer	$0	$0	$0
Cheyenne Boggs	Vice President	5	Officer	$0	$0	$0
Nikki Lewis	Secretary	5	Officer	$0	$0	$0
Deborah Withem	Treasurer	5	Officer	$0	$0	$0
Matthew Denman	Past President	5	Officer	$0	$0	$0
Tim Phillians	Executive Director	5	Officer	$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	$428,035	$248,175	$232,382	$179,860

CORRECTIONAL EDUCATION ASSOCIATION OF OHIO