EDUCATIONQUEST FOUNDATION INC (EIN 470606382) - 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

1978

Legal Domicile

Principal Officer

ELIZABETH S KOOP

Phone

4024796617

Tax Period

2023-10-01 to 2024-09-30

EDUCATIONQUEST FOUNDATION INC, founded in 1978, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 432% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 54% operating margin.

Mission

IMPROVING ACCESS TO HIGHER EDUCATION IN NEBRASKA. THE CORPORATION PARTICIPATES IN ACTIVITIES WHICH ADVANCE EDUCATION IN NEBRASKA INCLUDING THE ACQUISITION OF STUDENT LOAN PORTFOLIOS IN VARIOUS FORMS. THE IRS HAS DETERMINED PURSUANT TO A PRIVATE LETTER RULING DATED 3/31/98 THAT THIS ACTIVITY WILL FURTHER THE CORPORATION'S EXEMPT STATUS UNDER SECTION 501(C)(3).

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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 $2,798,843

Program Service Revenue $689,841

Investment Income $4,770

Other Revenue $0

TOTAL REVENUE $3,493,454

Expense Breakdown

Grants Paid $1,575,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,575,500

Other Expenses $35,829

TOTAL EXPENSES $1,611,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,493,454	$656,889	+4.3%
Expenses	$1,611,329	$1,612,644	0.0%
Net Income	$1,882,125	$-955,755	-3.0%

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

N/A

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

$1,187,784

Total Directors

$540,572

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG AMES	CHAIRMAN	1.00	Officer Director	$0	$0	$21,750
MIGUEL CARRANZA	DIRECTOR	1.00	Director	$0	$0	$6,500
MICHAEL GREEN	DIRECTOR	1.00	Director	$0	$0	$13,500
WENDY BOYER	DIRECTOR	1.00	Director	$0	$0	$11,500
DEBBIE COOPER	DIRECTOR	1.00	Director	$0	$0	$13,000
KELLY LEEPER	DIRECTOR	1.00	Director	$0	$0	$13,750
THOMAS SMITH	DIRECTOR	1.00	Director	$0	$0	$20,500
ELIZABETH S KOOP	PRESIDENT/CEO	40.00	Officer Director	$0	$62,033	$430,322
JENNIFER STRAND	DIRECTOR	1.00	Director	$0	$0	$9,750
DAPHNE HALL	SENIOR VICE PRESIDENT	40.00	Officer	$0	$22,869	$196,861
MICHAEL J TIMMINS	CFO/SENIOR VICE PRESIDENT	40.00	Officer	$0	$50,640	$236,655
ERIC DRUMHELLER	VICE PRESIDENT	40.00	Officer	$0	$37,046	$157,988
REGAN ANSON	ASSISTANT VP OF COMMUNICAT	40.00	Officer	$0	$28,833	$144,208

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	$3,493,454	$1,611,329	$11,973,122	$1,882,125
2023	$656,851	$1,612,606	$12,043,672	$-955,755
2022	$288,525	$1,608,124	$12,312,707	$-1,319,599
2021	$538,080	$1,604,491	$10,465,319	$-1,066,411
2020	$118,358	$1,590,406	$10,098,709	$-1,472,048
2019	$507,790	$1,577,767	$10,263,462	$-1,069,977
2018	$351,610	$1,636,648	$10,351,114	$-1,285,038

EDUCATIONQUEST FOUNDATION INC