MIDDLE CITIES EDUCATION ASSOCIATION (EIN 382052969) - 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

1972

Legal Domicile

Principal Officer

PETER SPADAFORE

Phone

5174921380

Tax Period

2024-07-01 to 2025-06-30

MIDDLE CITIES EDUCATION ASSOCIATION, founded in 1972, is a small nonprofit in the Education sector that reported $647K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $783K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO SERVE AS AN ADVOCATE FOR MEMBER DISTRICTS TO ENSURE QUALITY EDUCATION FOR URBAN STUDENTS.

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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 $30,414

Program Service Revenue $792,192

Investment Income $-175,463

Other Revenue $0

TOTAL REVENUE $647,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $469,813

Fundraising Expenses $0

Program Expenses $660,847

Other Expenses $312,905

TOTAL EXPENSES $782,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$647,143	$980,063	-0.3%
Expenses	$782,718	$912,119	-0.1%
Net Income	$-135,575	$67,944	-3.0%

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

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

$280,742

Total Directors

$280,742

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER SPADAFORE	EXECUTIVE DIRECTOR	50.00	Officer Director	$224,200	$56,542	$280,742
RAMONT ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
JOSHA TALISON	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER VERLEGER	DIRECTOR	2.00	Director	$0	$0	$0
DEREK FISHER	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY CARTER	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
PIPER BOGNAR	PRESIDENT	2.00	Officer Director	$0	$0	$0
RYAN MCLEOD	CHIEF OPERATING OFFICER	40.00	Highest	$139,514	$52,476	$191,990
JESSICA PANTANO	MANAGER	40.00	Highest	$107,634	$32,778	$140,412

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	$647,143	$782,718	$899,400	$-135,575
2024	$980,063	$912,119	$1,239,919	$67,944
2023	$1,184,572	$1,211,331	$1,421,019	$-26,759
2022	$912,558	$941,084	$1,381,557	$-28,526
2021	$771,674	$730,725	$1,720,048	$40,949
2020	$784,012	$796,468	$1,691,978	$-12,456
2019	$809,395	$802,617	$1,636,573	$6,778
2018	$790,407	$799,679	$1,523,356	$-9,272

MIDDLE CITIES EDUCATION ASSOCIATION