EDUCATIONAL DESTINATIONS

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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

2005

Legal Domicile

Phone

3179030122

Tax Period

2021-03-01 to 2022-02-28

EDUCATIONAL DESTINATIONS, founded in 2005, is a small nonprofit that reported $248K in total revenue in fiscal year 2021. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 21% operating margin.

Mission

EDUCATIONAL DESTINATIONS SEEKS TO MAXIMIZE THE HEALTH AND WELL-BEING OF POST-INCARCERATED DISABLED VETERANS AND THEIR FAMILY MEMBERS BY ADVOCATING, EDUCATING, IDENTIFYING RESOURCES, COORDINATING ACCESS TO AVAILABLE AND MUCH NEEDED BENEFITS.

Program Service Accomplishments

Program 1

Expenses: $151,732

EDUCATIONAL DESTINATION PROGRAMS AND SERVICES VETERANS ARE ABLE TO BE IN TOUCHWITH A ACCREDITED AGENT AUTHORIZED TO PREPARE PRESENT AND PROSECYTE CLAIMS FOR VETERANS BENEFITS. EACH VETERAN THAT...

EDUCATIONAL DESTINATION PROGRAMS AND SERVICES VETERANS ARE ABLE TO BE IN TOUCHWITH A ACCREDITED AGENT AUTHORIZED TO PREPARE PRESENT AND PROSECYTE CLAIMS FOR VETERANS BENEFITS. EACH VETERAN THAT QUALIFIESFOR BENEFITS WAS MADE AWARE OF A FULL PACKAGE OF LIFE LONG ASSITANCE TO SUPPORT THEM AND THEIR FAMILIES. QUALIFICATION FOR BENEFITS ARE DETERMINED AND THE VETERANS RECEIVED 10% OF THE QUALIFIED MONETARY BENEFITS UNTIL THEY REACH 90 DAYS OF RELEASE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $179,332

Program Service Revenue $68,700

Investment Income $0

Other Revenue $0

TOTAL REVENUE $248,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,602

Fundraising Expenses $0

Program Expenses $151,732

Other Expenses $176,304

TOTAL EXPENSES $195,906

Year-over-Year Comparison

	2021	2020	Change
Revenue	$248,032	$168,115	+0.5%
Expenses	$195,906	$142,944	+0.4%
Net Income	$52,126	$25,171	+1.1%

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

N/A

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

$19,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MADONNA RICHARDSON CEO	CEO	40.00	Officer	$19,302	$0	$19,302
HAROLD RICHARDSON	PRESIDENT	1.00	Director	$0	$0	$0
KERI CARTER	VICE PRESIDENT	1.00	Director	$0	$0	$0
LATRICE AKERS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL EBY	DIRECTOR	1.00	Director	$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
2022	$248,032	$195,906	$123,894	$52,126
2021	$168,115	$142,944	$24,966	$25,171
2020	$107,194	$89,242	$17,555	$17,952