EdChoice Inc (EIN 351978359) - 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

1996

Legal Domicile

Phone

3176810745

Tax Period

2024-01-01 to 2024-12-31

EdChoice Inc, founded in 1996, is a mid-sized nonprofit in the Education sector that reported $11.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $12.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

ADVANCING EDUCATIONAL FREEDOM AND CHOICE FOR ALL AS A PATHWAY TO SUCCESSFUL LIVES AND A STRONGER 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 $9,771,686

Program Service Revenue $192,868

Investment Income $1,737,485

Other Revenue $13,220

TOTAL REVENUE $11,715,259

Expense Breakdown

Grants Paid $1,238,000

Salaries & Benefits $5,403,431

Fundraising Expenses $1,050,693

Program Expenses $11,493,508

Other Expenses $6,179,499

TOTAL EXPENSES $12,946,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,715,259	$10,637,137	+0.1%
Expenses	$12,946,930	$12,995,333	0.0%
Net Income	$-1,231,671	$-2,358,196	-0.5%

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

$694,520

Total Directors

$504,278

Key Employees

$183,490

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEVIN ANDERSON	TREASURER	1.0	Officer Director	$0	$0	$0
FRED S KLIPSCH	CHAIRMAN	2.0	Officer Director	$0	$0	$0
J SCOTT ENRIGHT	VICE CHAIRMAN & SECRETARY	5.0	Officer Director	$0	$0	$0
ROBERT C ENLOW	PRESIDENT & CEO	45.0	Officer Director	$452,708	$34,070	$486,778
DAVID D FRIEDMAN	DIRECTOR	1.0	Director	$0	$0	$0
FRED REAMS	DIRECTOR	3.0	Director	$0	$0	$0
MICHAEL WALKER	DIRECTOR	1.0	Director	$0	$0	$0
VIRGINIA WALDEN-FORD	DIRECTOR	1.0	Director	$17,500	$0	$17,500
CAREY E FOLCO	VICE PRESIDENT OF OPERATIONS	40.0	Officer	$187,900	$19,842	$207,742
STEVEN HOLWERDA	VICE PRESIDENT OF DEVELOPMENT	40.0	Key Emp	$165,904	$17,586	$183,490
BRIAN MCGRATH	V.P. OF EXTERNAL RELATIONS	40.0	Highest	$175,650	$28,355	$204,005
LESLIE HINER	VICE PRESIDENT OF LEGAL AFFAIRS	40.0	Highest	$213,008	$10,662	$223,670
MARTIN LUEKEN	DIRECTOR OF FISCAL RESEARCH	40.0	Highest	$148,400	$25,769	$174,169
PAUL DIPERNA	V.P. OF RESEARCH & INNOVATION	40.0	Highest	$175,650	$28,343	$203,993
THOMAS FISHER	VICE PRESIDENT & DIRECTOR OF LITIGATION	40.0	Highest	$250,004	$28,769	$278,773

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	$11,715,259	$12,946,930	$18,404,425	$-1,231,671
2023	$10,637,137	$12,995,333	$20,478,286	$-2,358,196
2022	$14,301,333	$10,969,512	$21,484,135	$3,331,821
2021	$10,117,129	$9,471,479	$20,542,454	$645,650
2020	$8,110,345	$7,288,262	$19,163,460	$822,083
2019	$9,157,113	$8,567,655	$16,365,500	$589,458
2018	$8,055,066	$8,052,685	$14,537,513	$2,381

EdChoice Inc