EDUCARE FOUNDATION INC

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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

1983

Legal Domicile

Principal Officer

DARREN BLUE

Phone

5073864828

Tax Period

2024-07-01 to 2025-06-30

EDUCARE FOUNDATION INC, founded in 1983, is a small nonprofit in the Unknown sector that reported $142K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $73K, a strong 51% operating margin.

Mission

TO PROVIDE FINANCIAL SUPPORT TO MANKATO AREA PUBLIC SCHOOLS, BEYOND THE NORMAL OPERATING BUDGET, FOR PROGRAMS AND ACTIVITIES THAT WILL ENHANCE EDUCATIONAL OPPORTUNITIES FOR ALL SUTDENTS, ENCOURAGE TEACHERS TO EXPLORE NEW WAYS OF EXPANDING THEIR STUDENTS' WORLDS OF LEARNING AND PROVIDE A VITAL LINK BETWEEN THE COMMUNITY AND THE CLASSROOM.

Program Service Accomplishments

Program 1

Expenses: $58,328 Revenue: $0

TO PROVIDE SUPPORT TO MINNESOTA SCHOOL DISTRICT 77 SCHOOLS IN CORE SUBJECT TUTORING, TECHNOLOGY AIDED LEARNING, WORLD LANGUAGE COMPETENCY AND HIGH EXPECTATION LEARNING THROUGH THE USE OF GRANTS.

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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 $67,141

Program Service Revenue $0

Investment Income $70,206

Other Revenue $4,699

TOTAL REVENUE $142,046

Expense Breakdown

Grants Paid $57,098

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,328

Other Expenses $11,987

TOTAL EXPENSES $69,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,046	$201,562	-0.3%
Expenses	$69,085	$95,906	-0.3%
Net Income	$72,961	$105,656	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREN BLUE	CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN KLENK	PAST CHAIR	1.00	Officer Director	$0	$0	$0
CAROLYN NELSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JASON FEMRITE	TREASURER	1.00	Officer Director	$0	$0	$0
KARI JUNI	GRANTS COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
JEFFREY GRACE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CHRISTIAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SOWDERS	DIRECTOR	1.00	Director	$0	$0	$0
MARIE KRAUSE	DIRECTOR	1.00	Director	$0	$0	$0
GRETCHEN REHM	DIRECTOR	1.00	Director	$0	$0	$0
DAN SARFF	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON THIESSE	DIRECTOR	1.00	Director	$0	$0	$0
WENDY WEBER	DIRECTOR	1.00	Director	$0	$0	$0
SADIE STRAND	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA LAKE	DIRECTOR	1.00	Director	$0	$0	$0
AMY SORENSON	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
2025	$142,046	$69,085	$1,207,157	$72,961
2024	$201,562	$95,906	$1,103,293	$105,656
2023	$94,745	$79,193	$948,349	$15,552
2022	$131,812	$134,580	$865,641	$-2,768
2021	$119,594	$78,077	$1,049,128	$41,517
2020	$79,872	$114,918	$825,675	$-35,046
2019	$222,059	$91,472	$817,345	$130,587
2018	$112,744	$118,096	$801,964	$-5,352