NATIONAL LABORATORY FOR EDUCATION TRANSFORMATION (EIN 450825635) - 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

2011

Legal Domicile

Principal Officer

KEN SOREY

Phone

8312246161

Tax Period

2024-01-01 to 2024-12-31

NATIONAL LABORATORY FOR EDUCATION TRANSFORMATION, founded in 2011, is a small nonprofit in the Religion sector that reported $658K in total revenue in fiscal year 2024. Revenue surged 103% from the prior year, signaling strong growth momentum. Expenses of $605K left a modest 8% surplus.

Mission

NLET'S MISSION IS TO SYSTEMATICALLY ASSIST IN RAISING AND SUSTAINING THE RATE OF LEARNING FOR ALL INDIVIDUALS AND INSTITUTIONS IN THE U.S. THROUGH THE BEST TECHNICAL, CULTURAL, FINANCIAL, AND ORGANIZATIONAL MEANS POSSIBLE.

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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 $91,495

Program Service Revenue $566,379

Investment Income $0

Other Revenue $0

TOTAL REVENUE $657,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,357

Fundraising Expenses $29,275

Program Expenses $536,871

Other Expenses $412,031

TOTAL EXPENSES $605,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$657,874	$324,488	+1.0%
Expenses	$605,388	$224,996	+1.7%
Net Income	$52,486	$99,492	-0.5%

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

$180,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN SOREY	EXECUTIVE DI	40.00	Officer	$180,000	$0	$180,000
DAVID ANDREWS	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
GORDON FREEDMAN	PRESIDENT	10.00	Director	$0	$0	$0
RICHARD RASIEJ	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
ED STANFORD	DIRECTOR	0.50	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
2024	$657,874	$605,388	$178,502	$52,486
2023	$324,488	$224,996	$171,430	$99,492
2022	$102,182	$121,786	$25,525	$-19,604
2021	$184,407	$188,604	$44,128	$-4,197
2020	$227,145	$180,678	$54,240	$46,467

NATIONAL LABORATORY FOR EDUCATION TRANSFORMATION