EDUCATION CITIES 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

2013

Legal Domicile

Principal Officer

ETHAN GRAY

Phone

5415500800

Tax Period

2018-07-01 to 2019-06-30

EDUCATION CITIES INC, founded in 2013, is a small nonprofit that reported $746K in total revenue in fiscal year 2018. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 103% operating deficit.

Mission

EDUCATION CITIES SUPPORTS A NETWORK OF CITY-BASED ORGANIZATIONS DEDICATED TO GROWING GREAT SCHOOLS. THE ORGANIZATION BUILDS THE CAPACITY OF ORGANIZATIONS AND LEADERS THROUGH CONVENINGS, DIRECT WORK WITH SPECIFIC MEMBERS, PUBLICATIONS, AND THOUGHT LEADERSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,407,150 Revenue: $163,500

EDUCATION CITIES BUILDS THE CAPACITY OF ORGANIZATIONS AND LEADERS COMMITTED TO GROWING THE NUMBER OF GREAT PUBLIC SCHOOLS IN THEIR CITIES. WE DO THIS IN THREE RELATED WAYS: (1) CONVENINGS- WE BRING OUR MEMBERS TOGETHER TO DEFINE SHARED CHALLENGES, EXPLORE SOLUTIONS, AND GENERATE NEW IDEAS TO IMPROVE STUDENT OUTCOMES. (2) CONSULTING- WE ADVISE OUR MEMBERS ON THEIR EFFORTS TO HELP MORE FAMILIES ACCESS GREAT SCHOOLS, AND WE HELP NON-MEMBER ORGANIZATIONS APPLY LESSONS LEARNED FROM OUR NETWORK. (3) COMMUNICATION- WE WRITE ABOUT TRENDS WE SEE ACROSS CITIES, AND PROMOTE BOLD IDEAS AND APPROACHES THAT LEAD TO BETTER OUTCOMES FOR CHILDREN. WE ALSO CREATED THE EDUCATION EQUALITY INDEX, A TOOL FOR MEMBERS AND THE PUBLIC TO TRACK PROGRESS TOWARD CLOSING THE ACHIEVEMENT GAP IN CITIES NATIONWIDE.

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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 (2018)

Revenue Breakdown

Contributions & Grants $583,000

Program Service Revenue $163,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $746,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $747,510

Fundraising Expenses $0

Program Expenses $1,407,150

Other Expenses $767,741

TOTAL EXPENSES $1,515,251

Year-over-Year Comparison

	2018	2017	Change
Revenue	$746,500	$1,512,276	-0.5%
Expenses	$1,515,251	$2,330,715	-0.3%
Net Income	$-768,751	$-818,439	-0.1%

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

$103,730

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
EARL PHALEN	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD FULLER	DIRECTOR	1.00	Director	$0	$0	$0
JON RYBKA	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW BOCH	DIRECTOR/TREASURER	1.00	Officer Director	$0	$0	$0
DAVID HARRIS	DIRECTOR/BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ETHAN GRAY	FOUNDER & CEO	40.00	Officer	$92,464	$11,266	$103,730
CARRIE DOUGLASS	MANAGING PARTNER	40.00	Highest	$170,207	$29,774	$199,981
CHARLES MCDONALD	SR FELLOW ADVOCACY & ENGAG	40.00	Highest	$149,927	$32,176	$182,103
REBECCA WEINBERG JONES	ASSOCIATE PARTNER	40.00	Highest	$132,158	$20,479	$152,637
DARRELL TRUSTY	MANAGING PARTNER	40.00	Highest	$133,402	$6,685	$140,087

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
2019	$746,500	$1,515,251	$727,151	$-768,751
2019	No data	$348,972	No data	No data