BARAT EDUCATION FOUNDATION (EIN 364407543) - 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

2000

Legal Domicile

Phone

8475742465

Tax Period

2024-07-01 to 2025-06-30

BARAT EDUCATION FOUNDATION, founded in 2000, is a micro nonprofit in the Education sector that reported $53K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $70K exceeded revenue, resulting in a 32% operating deficit.

Mission

BARAT EDUCATIONAL FOUNDATION HAS BEEN A KEY PARTNER OF THE LIBRARY OF CONGRESSTEACHING WITH PRIMARY SOURCES CONSORTIUM SINCE 2004. BARAT'S TRACK RECORD AS A LIBRARY PARTNER IS SUBSTANTIAL AND STELLAR. IT HAS TRAINED MORE THAN 7,500TEACHERS IN THE USE OF THE LIBRARY'S RESOURCES ANDIMPACTED OVER 500,000 STUDENTS. IN ADDITION, BARAT'S ON LINE PRIMARY SOURCE NEXUS WEBSITE IS ACCESSED BY EDUCATORS NATIONALLY AND IN 28 COUNTRIES. OUR CURRENT CORNERSTONE PROGRAMS ARE OUR AMERICAN VOICE (OAV), CITIZENS U AND THE CIVICS EDUCATOR MICRO-CREDENTIAL.

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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 $100,549

Program Service Revenue $11,103

Investment Income $-58,693

Other Revenue $0

TOTAL REVENUE $52,959

Expense Breakdown

Grants Paid $521

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,352

Other Expenses $69,448

TOTAL EXPENSES $69,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,959	$191,162	-0.7%
Expenses	$69,969	$223,025	-0.7%
Net Income	$-17,010	$-31,863	-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

N/A

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

$3,000

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DIMENGO	Treasurer	1.00	Officer Director	$3,000	$0	$3,000
Sheila Smith	Chairman	40.00	Officer Director	$0	$0	$0
KATHLEEN GILLESPIE	Vice Chair	1.00	Officer Director	$0	$0	$0
SUSAN EVANS	Secretary	1.00	Director	$0	$0	$0
Maureen Ryan	Board Member	1.00	Director	$0	$0	$0
Janet Marie Burdulis	Program Adm	20.00		$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	$52,959	$69,969	$11,306	$-17,010
2024	$191,162	$223,025	$234,977	$-31,863
2023	$194,260	$211,977	$390,471	$-17,717
2022	$250,153	$335,761	$333,919	$-85,608
2021	$348,442	$567,567	$752,702	$-219,125
2020	$495,843	$489,297	$894,197	$6,546
2019	$657,526	$614,983	$900,386	$42,543
2018	$673,369	$587,290	$884,689	$86,079

BARAT EDUCATION FOUNDATION