THE INSTITUTE FOR EXCELLENCE IN EDUCATION

EIN: 383635927 501(c)(3) Education

MT PLEASANT, MI

Total Revenue
$7,784,982
Total Expenses
$7,809,497
Total Assets
$6,193,197
Net Assets
$4,925,499
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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
2001
Legal Domicile
MI
Principal Officer
JAMES GOENNER
Phone
9893173510
Tax Period
2023-07-01 to 2024-06-30

THE INSTITUTE FOR EXCELLENCE IN EDUCATION, founded in 2001, is a community nonprofit in the Education sector that reported $7.8M in total revenue in fiscal year 2023.

Mission

WE ASPIRE TO CHANGE THE ARC OF EDUCATION. OUR MISSION IS TO SERVE THE PEOPLE AND ORGANIZATIONS THAT SUPPORT AND EDUCATE STUDENTS. WE OFFER A DIVERSE ARRAY OF PROGRAMS, PRODUCTS AND SERVICES AND USE OUR EXPERIENCE AND EXPERTISE TO CONNECT POLICY AND PRACTICE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,973,305
Program Service Revenue $5,754,187
Investment Income $47,346
Other Revenue $10,144
TOTAL REVENUE $7,784,982

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,351,816
Fundraising Expenses $0
Program Expenses $6,952,423
Other Expenses $3,457,681
TOTAL EXPENSES $7,809,497

Year-over-Year Comparison

2023 2022 Change
Revenue $7,784,982 $7,429,164 +0.0%
Expenses $7,809,497 $7,276,095 +0.1%
Net Income $-24,515 $153,069 -1.2%
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
8
Independent Members
7
Employees
65
Volunteers
7

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
6
$646,571
Total Directors
8
$349,703
Key Employees
3
$714,183
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD BERGMANN BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
GERALD G PALL TREASURER 1.00
Officer Director
$0 $0 $0
SHEREE SPEAKMAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
JAMES BARRETT BOARD CHAIR 1.00
Officer Director
$0 $0 $0
CAROLYN MCKANDERS BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN ENGLER BOARD MEMBER 1.00
Director
$0 $0 $0
JILL URBAN SECRETARY 40.00
Officer
$119,774 $31,602 $151,376
JAMES GOENNER PRESIDENT/CE 40.00
Officer Director
$288,582 $61,121 $349,703
JACKIE MULLIKIN VP FOR FIN A 40.00
Officer
$100,848 $44,644 $145,492
MARY BRADLEY COO 40.00
Key Emp
$215,098 $44,910 $260,008
MARK WEINBERG VP FOR LEADE 40.00
Key Emp
$161,328 $39,255 $200,583
NAOMI DEVEAUX VP AUTH & AC 40.00
Key Emp
$210,233 $43,359 $253,592
WENDY LARVICK DIRECTOR OF 40.00
Highest
$129,097 $36,496 $165,593
MOLLY SHOLTEN ASST DIR/COA 40.00
Highest
$105,358 $10,770 $116,128
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 No data No data No data No data
2024 $7,784,982 $7,809,497 $6,193,197 $-24,515
2023 $7,429,164 $7,276,095 $6,336,131 $153,069
2022 $8,433,384 $8,001,615 $5,753,281 $431,769
2021 $7,381,179 $6,472,885 $5,814,186 $908,294
2020 $7,454,930 $7,044,719 $5,164,275 $410,211
2019 $7,326,904 $6,822,482 $4,392,525 $504,422
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