NICOLAS FUND FOR EDUCATION (EIN 454887611) - 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

2012

Legal Domicile

Principal Officer

ALFRED LOPUS

Phone

2066190999

Tax Period

2024-01-01 to 2024-12-31

NICOLAS FUND FOR EDUCATION, founded in 2012, is a small nonprofit in the Education sector that reported $795K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO EMPOWER YOUTH TO BREAK THE GENERATIONAL CYCLE OF POVERTY THROUGH CHRIST-CENTERED EDUCATION.

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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 $751,489

Program Service Revenue $0

Investment Income $43,107

Other Revenue $0

TOTAL REVENUE $794,596

Expense Breakdown

Grants Paid $878,942

Salaries & Benefits $0

Fundraising Expenses $29,789

Program Expenses $948,919

Other Expenses $124,062

TOTAL EXPENSES $1,003,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$794,596	$623,703	+0.3%
Expenses	$1,003,004	$1,364,177	-0.3%
Net Income	$-208,408	$-740,474	-0.7%

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

150

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
REBECCA MERRITT	PRESIDENT	5.00	Officer Director	$0	$0	$0
PAUL SELVIG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CARRIE NORDBERG	SECRETARY	5.00	Officer Director	$0	$0	$0
LOLO LEVY	TREASURER	10.00	Officer Director	$0	$0	$0
PETE RENN	ACADEMIC CHAIR	5.00	Director	$0	$0	$0
KATHY RIPER	DIRECTOR	15.00	Director	$0	$0	$0
HEIDI REYNOLDS	DIRECTOR	20.00	Director	$0	$0	$0
ALFRED LOPUS	DIRECTOR	5.00	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
2024	$794,596	$1,003,004	$1,277,312	$-208,408
2023	$623,703	$1,364,177	$1,450,775	$-740,474
2022	$1,588,514	$826,739	$2,173,704	$761,775
2021	$1,241,478	$375,220	$1,505,432	$866,258
2020	$661,788	$402,721	$656,130	$259,067

NICOLAS FUND FOR EDUCATION