AKRON EDUCATION ASSOCIATION

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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

1947

Legal Domicile

Principal Officer

PATRICIA SHIPE

Tax Period

2024-07-01 to 2025-06-30

AKRON EDUCATION ASSOCIATION, founded in 1947, is a small nonprofit that reported $618K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $681K exceeded revenue, resulting in a 10% operating deficit.

Mission

REPRESENT AKRON BOARD OF EDUCATION EMPLOYEES WITH WAGE INCREASES, FRINGE BENEFITS, ARBITRATION EMPLOYEE COMPLAINTS, ASSISTANCE TO MEMBERS WITH JOB RELATED LEGAL ISSUES.

Program Service Accomplishments

Program 1

Expenses: $625,814

THE ASSOCIATION WORKS TOWARD IMPROVED TEACHING CONDITIONS, WAGES THAT ATTRACT AND RETAIN QUALITY TEACHERS, AS WELL AS THE BETTERMENT OF STUDENT WELFARE. THE ASSOCIATION ALSO ASSISTS WITH ISSUES...

THE ASSOCIATION WORKS TOWARD IMPROVED TEACHING CONDITIONS, WAGES THAT ATTRACT AND RETAIN QUALITY TEACHERS, AS WELL AS THE BETTERMENT OF STUDENT WELFARE. THE ASSOCIATION ALSO ASSISTS WITH ISSUES COMMON TO OTHER URBAN SCHOOL DISTRICTS AND TEACHERS IN OHIO, THROUGH ITS MEMBERSHIP IN SUCH ORGANIZATIONS AS THE COALITION FOR PUBLIC EDUCATION, AND THE OHIO EIGHT COALITION.

Program 2

Expenses: $40,980

THE ASSOCIATION PARTICIPATES IN COMMUNITY EVENTS TO PROMOTE TEACHERS AND EDUCATION AND HIGHLIGHTING ACHIEVEMENTS IN THE SCHOOL YEAR. CURRENT YEAR EVENTS INCLUDED A TEACHER OF THE YEAR AWARDS BANQUET. AS A FLAGSHIP SPONSOR, AEA PARTICIPATES IN THE ANNUAL MAKING STRIDES FOR BREAST CANCER BY COLLECTING DONATIONS AND PROMOTING PROGRAMS WITHIN THE INDIVIDUAL SCHOOL BLDGS TO RAISE FUNDS FOR THE AMERICAN CANCER SOCIETY.

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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 $606,242

Program Service Revenue $11,035

Investment Income $349

Other Revenue $498

TOTAL REVENUE $618,124

Expense Breakdown

Grants Paid $15,838

Salaries & Benefits $456,173

Fundraising Expenses $0

Program Expenses $681,042

Other Expenses $209,031

TOTAL EXPENSES $681,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$618,124	$651,120	-0.1%
Expenses	$681,042	$689,708	0.0%
Net Income	$-62,918	$-38,588	+0.6%

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

1794

Employees

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

$242,478

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA SHIPE	PRESIDENT	40.00	Officer	$130,141	$0	$130,141
MICHAEL HARKNESS	1ST VICE PRE	40.00	Officer	$112,337	$0	$112,337
BRUCE BROWN	SECRETARY TR	0.50	Officer	$0	$0	$0
JANELL BROWN	ELEMENTARY V	0.50	Officer	$0	$0	$0
GEORGE NIINISTO	SECONDARY VI	0.50	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
2025	$618,124	$681,042	$1,197,559	$-62,918
2024	$651,120	$689,708	$1,233,505	$-38,588
2023	$663,267	$721,326	$1,268,549	$-58,059
2022	$645,757	$553,460	$1,351,506	$92,297
2021	$626,065	$492,567	$1,265,043	$133,498
2020	$591,620	$520,901	$1,129,291	$70,719
2019	$459,408	$511,911	$1,056,333	$-52,503