FOUNDATION FOR LEARNING EQUALITY INC (EIN 462676188) - 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

2013

Legal Domicile

Principal Officer

JAMIE ALEXANDRE

Phone

2603378253

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR LEARNING EQUALITY INC, founded in 2013, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

LEARNING EQUALITY IS COMMITTED TO ENABLING EVERY PERSON IN THE WORLD TO ACHIEVE A QUALITY BASIC EDUCATION, THROUGH SUPPORTING THE CREATION AND DISTRIBUTION OF OPEN EDUCATIONAL RESOURCES, AND FACILITATING THEIR USE AROUND THE WORLD. THROUGH THIS WORK, WE AIM TO BUILD A NEW, OPEN, AND FUNDAMENTALLY STUDENT-CENTERED EDUCATIONAL MODEL, AND ULTIMATELY PROMOTE HUMAN FLOURISHING.

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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 $2,817,810

Program Service Revenue $490,040

Investment Income $8,901

Other Revenue $2,666

TOTAL REVENUE $3,319,417

Expense Breakdown

Grants Paid $38,268

Salaries & Benefits $2,245,578

Fundraising Expenses $141,059

Program Expenses $3,112,567

Other Expenses $1,126,349

TOTAL EXPENSES $3,410,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,319,417	$2,869,786	+0.2%
Expenses	$3,410,195	$3,652,178	-0.1%
Net Income	$-90,778	$-782,392	-0.9%

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

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

$130,533

Total Directors

$130,533

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD TIBBLES	PRODUCT LEAD	40.00		$122,112	$13,543	$135,655
JAMIE ALEXANDRE	President	40.00	Officer Director	$113,479	$17,054	$130,533
DAVID CANAS	RELIABILITY ENG.	40.00		$123,737	$6,666	$130,403
BLAINE JESTER	SOFTWARE ENGINEER	40.00		$122,784	$7,193	$129,977
LAURA DANFORTH	GLOBAL COMM ENGAGE	40.00		$117,871	$10,085	$127,956
LAUREN RUBIN	HEAD OF STRATEGY	40.00		$120,645	$335	$120,980
JUNE SUGIYAMA	Secretary	0.50	Officer Director	$0	$0	$0
NATHAN GLOIER	CFO	1.00	Officer Director	$0	$0	$0
TERRY NATHAN	Director	0.50	Director	$0	$0	$0
MARITO GARCIA	Director	0.50	Director	$0	$0	$0
SARAH LOOS KARNOWSKI	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	$3,319,417	$3,410,195	$2,594,946	$-90,778
2023	$2,765,534	$3,697,306	$2,589,784	$-931,772
2023	$2,869,786	$3,652,178	$2,673,164	$-782,392
2022	$1,756,551	$3,191,554	$3,564,506	$-1,435,003
2021	$3,408,208	$3,110,128	$4,968,873	$298,080
2020	$3,606,197	$3,252,972	$4,568,314	$353,225
2019	$3,543,387	$3,788,556	$4,127,544	$-245,169
2018	$4,955,870	$3,109,874	$5,971,226	$1,845,996

FOUNDATION FOR LEARNING EQUALITY INC