ECMC FOUNDATION (EIN 411990628) - 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

2000

Legal Domicile

Principal Officer

JACOB FRAIRE

Phone

6512210566

Tax Period

2023-01-01 to 2023-12-31

ECMC FOUNDATION, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $58.2M in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $65.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

ECMC FOUNDATION IS A NATIONALLY FOCUSED FOUNDATION WHOSE MISSION IS TO IMPROVE HIGHER EDUCATION FOR CAREER SUCCESS AMONG UNDERSERVED POPULATIONS THROUGH EVIDENCE-BASED INNOVATION. ECMC FOUNDATION MAKES INVESTMENTS TO REMOVE BARRIERS TO POSTSECONDARY COMPLETION; BUILD THE CAPACITY OF ORGANIZATIONS, INSTITUTIONS AND SYSTEMS; AND TRANSFORM THE POSTSECONDARY ECOSYSTEM USING A SPECTRUM OF FUNDING STRUCTURES, INCLUDING STRATEGIC GRANTMAKING AND PROGRAM-RELATED INVESTMENTS, TO SUPPORT BOTH NONPROFIT AND FOR-PROFIT VENTURES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $58,528,000

Program Service Revenue $0

Investment Income $-310,916

Other Revenue $2,534

TOTAL REVENUE $58,219,618

Expense Breakdown

Grants Paid $53,246,731

Salaries & Benefits $7,946,661

Fundraising Expenses $0

Program Expenses $60,492,093

Other Expenses $4,468,689

TOTAL EXPENSES $65,662,081

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,219,618	$501,684,291	-0.9%
Expenses	$65,662,081	$46,971,911	+0.4%
Net Income	$-7,442,463	$454,712,380	-1.0%

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

N/A

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

$3,015,685

Total Directors

$3,177,159

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL FISHER	PRESIDENT & CEO, ECMC GROUP	0.00	Director	$0	$126,730	$1,395,389
PETER TAYLOR	PRESIDENT, ECMC FOUNDATION-PART YEAR	40.00	Officer Director	$447,382	$128,763	$576,145
JAMES V MCKEON	BOARD CHAIR	2.00	Director	$0	$0	$197,500
DIANA J INGRAM	DIRECTOR	2.00	Director	$0	$0	$151,250
JACK O'CONNELL	DIRECTOR	2.00	Director	$0	$0	$145,000
JULIA S GOUW	DIRECTOR	2.00	Director	$0	$0	$155,000
DEREK LANGHAUSER	DIRECTOR	2.00	Director	$0	$0	$137,500
JAMES RUNCIE	DIRECTOR	1.00	Director	$0	$0	$128,750
JENNIFER ANDERSON	DIRECTOR	2.00	Director	$0	$0	$148,750
K PAUL SINGH	DIRECTOR	2.00	Director	$0	$0	$141,875
BRIAN BOARDMAN	GENERAL COUNSEL & CORP SECRETARY	0.00	Officer	$0	$86,354	$540,009
JACOB FRAIRE	PRESIDENT, ECMC FOUNDATION	40.00	Officer	$433,420	$62,410	$495,830
LYNN ALVAREZ	VP, FOUNDATION PROGRAMS & STRATEGY	40.00	Officer	$324,967	$55,604	$380,571
MARTIN SCANLON	CFO & TREASURER	0.00	Officer	$0	$104,819	$1,023,130
JENNIFER ZEISLER	SENIOR DIR, PROGRAM MANAGEMENT	40.00	Highest	$202,400	$35,769	$238,169
JESSICA HASELTON	DIR, EDUCATION INNOVATION VENTURES	40.00	Highest	$175,243	$54,804	$230,047
JOANNA ROSENTHAL	DIR, COMMUNICATIONS	40.00	Highest	$186,076	$29,014	$215,090
LORAINE PARK	DIR, LEARNING & EVALUATION	40.00	Highest	$143,397	$45,268	$188,665
SARAH BELNICK	SENIOR DIR, PROGRAM MANAGEMENT	40.00	Highest	$181,697	$44,458	$226,155
JEREMY WHEATON	FORMER PRESIDENT & CEO, ECMC GROUP	0.00		$0	$0	$1,622,127
I KING JORDAN	FORMER DIRECTOR	0.00		$0	$0	$30,000
JOHN F DEPODESTA	FORMER BOARD CHAIR	0.00		$0	$0	$60,000

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
2024	No data	No data	No data	No data
2023	$58,219,618	$65,662,081	$1,698,761,256	$-7,442,463
2022	$501,684,291	$46,971,911	$1,575,921,479	$454,712,380
2021	$46,859,234	$48,143,092	$1,089,464,777	$-1,283,858
2020	$47,003,551	$56,945,474	$828,576,280	$-9,941,923
2019	$43,379,508	$42,333,771	$718,792,503	$1,045,737
2018	$36,298,841	$41,421,986	$733,045,279	$-5,123,145

ECMC FOUNDATION