EDUCATIONAL DESTINATIONS

EIN: 371505589 501(c)(3)

Indianapolis, IN

Total Revenue
$248,032
Total Expenses
$195,906
Total Assets
$123,894
Net Assets
$123,894
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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
IN
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

ASSISTING FORMERLY INCARCERATED VETERANS COORDINATINGACCESS TO AVAILABLE BENEFITS

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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 (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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
1
$19,302
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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