INSTITUTE FOR QUALITY EDUCATION INC (EIN 351836687) - 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

1991

Legal Domicile

Principal Officer

BETSY WILEY

Phone

3179518781

Tax Period

2024-07-01 to 2025-06-30

INSTITUTE FOR QUALITY EDUCATION INC, founded in 1991, is a mid-sized nonprofit in the Education sector that reported $14.6M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

TO PROVIDE TUITION ASSISTANCE TO LOW-INCOME FAMILIES FOR PRIMARY AND SECONDARY 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,577,033

Program Service Revenue $0

Investment Income $43,067

Other Revenue $12,000

TOTAL REVENUE $14,632,100

Expense Breakdown

Grants Paid $12,790,273

Salaries & Benefits $1,124,048

Fundraising Expenses $50,143

Program Expenses $15,139,476

Other Expenses $1,696,586

TOTAL EXPENSES $15,610,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,632,100	$16,377,935	-0.1%
Expenses	$15,610,907	$12,271,438	+0.3%
Net Income	$-978,807	$4,106,497	-1.2%

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

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

$223,234

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL HUBBARD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAN ELSENER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT ENLOW	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER WILLEY HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
NEIL PICKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF KNIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT BESS	BOARD MEMBER	1.00	Director	$0	$0	$0
BETSY WILEY	PRESIDENT	24.00	Officer	$136,500	$13,234	$223,234

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	$14,632,100	$15,610,907	$18,094,792	$-978,807
2024	$16,377,935	$12,271,438	$19,175,308	$4,106,497
2023	$14,528,950	$13,392,508	$14,940,461	$1,136,442
2022	$14,892,886	$13,517,083	$13,566,646	$1,375,803
2021	$12,010,135	$10,601,277	$12,107,092	$1,408,858
2020	$10,479,375	$11,258,645	$10,842,201	$-779,270
2019	$11,241,504	$10,940,215	$11,467,170	$301,289
2018	$12,306,102	$10,963,636	$11,155,040	$1,342,466

INSTITUTE FOR QUALITY EDUCATION INC