ASSOC FOR EDUCATIONAL DEVELOPMENT (EIN 362649305) - 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

1965

Legal Domicile

Principal Officer

DAVID M GALLAGHER

Phone

7732835800

Tax Period

2023-01-01 to 2023-12-31

ASSOC FOR EDUCATIONAL DEVELOPMENT, founded in 1965, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $371K, a strong 35% operating margin.

Mission

TO PROVIDE COURSES IN ROMAN CATHOLIC DOCTRINE, PHILOSOPHY, THEOLOGY AND ASCETICAL AND ETHICAL FORMATION; TO PROVIDE CARE OF CHAPELS FOR ROMAN CATHOLIC WORSHIP; TO PROVDE YOUTH CAMPS, CLUBS AND SPORTS ACTIVITIES; AND TO ESTABLISH AND CARE FOR FACILITES USED TO CARRY OUT THESE ACTIVITIES AND HOUSE THE STAFF.

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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 $372,854

Program Service Revenue $157,125

Investment Income $529,901

Other Revenue $8,400

TOTAL REVENUE $1,068,280

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $222,817

Fundraising Expenses $24,550

Program Expenses $588,082

Other Expenses $374,150

TOTAL EXPENSES $696,967

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,068,280	$2,056,224	-0.5%
Expenses	$696,967	$679,752	+0.0%
Net Income	$371,313	$1,376,472	-0.7%

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

N/A

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

$115,332

Total Directors

$115,332

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY S BARRY	VP & TREASUR	2.00	Officer Director	$0	$39,372	$45,972
DAVID M GALLAGHER	PRESIDENT	2.00	Officer Director	$0	$34,680	$34,680
GREGORY G GIEBLER	SECRETARY	2.00	Officer Director	$0	$34,680	$34,680

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	No data	No data	No data	No data
2023	$1,068,280	$696,967	$5,615,782	$371,313
2022	$2,056,224	$679,752	$5,240,642	$1,376,472
2021	$1,663,551	$643,298	$3,864,170	$1,020,253
2020	$583,475	$652,608	$2,866,917	$-69,133

ASSOC FOR EDUCATIONAL DEVELOPMENT