Mortgage Education Foundation Inc

EIN: 363952042 501(c)(3)

Palos Heights, IL

Total Revenue
$142,129
Total Expenses
$144,068
Total Assets
$91,379
Net Assets
$78,178
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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
1994
Phone
6309167720
Tax Period
2018-01-01 to 2018-12-31

Mortgage Education Foundation Inc, founded in 1994, is a small nonprofit that reported $142K in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year.

Mission

Education/HUD Approved Counseling Agency

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $134,992
Program Service Revenue $7,134
Investment Income $3
Other Revenue $0
TOTAL REVENUE $142,129

Expense Breakdown

Grants Paid $0
Salaries & Benefits $92,197
Fundraising Expenses $0
Program Expenses $105,665
Other Expenses $51,871
TOTAL EXPENSES $144,068

Year-over-Year Comparison

2018 2017 Change
Revenue $142,129 $152,976 -0.1%
Expenses $144,068 $149,186 0.0%
Net Income $-1,939 $3,790 -1.5%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
2

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ron Drabek Treasurer 5
Officer
$0 $0 $0
Jeri Lynn Fox President 5
Officer
$0 $0 $0
Carol Gardner Secretary 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
2018 $142,129 $144,068 $91,379 $-1,939
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