ECMC EDUCATION INC (EIN 472237488) - 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

2014

Legal Domicile

Principal Officer

DANIEL S FISHER

Phone

6512210566

Tax Period

2023-01-01 to 2023-12-31

ECMC EDUCATION INC, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $31.6M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18.7M, a strong 59% operating margin.

Mission

TO TRANSFORM CAREER AND TECHNICAL EDUCATION TO PROVIDE ASPIRING AND CURRENT LEARNERS WITH SKILLS TO ELEVATE THEIR CARRERS AND COMMUNITIES.

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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 $18,983,184

Program Service Revenue $386,025

Investment Income $977,091

Other Revenue $11,244,418

TOTAL REVENUE $31,590,718

Expense Breakdown

Grants Paid $47,329

Salaries & Benefits $3,251,067

Fundraising Expenses $0

Program Expenses $6,734,550

Other Expenses $9,560,385

TOTAL EXPENSES $12,858,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,590,718	$43,495,652	-0.3%
Expenses	$12,858,781	$49,769,201	-0.7%
Net Income	$18,731,937	$-6,273,549	-4.0%

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

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

$3,482,876

Total Directors

$2,601,014

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL FISHER	PRESIDENT & CEO, ECMC GROUP	0.00	Officer Director	$0	$126,730	$1,395,389
JAMES V MCKEON	DIRECTOR	1.00	Director	$0	$0	$197,500
DIANA J INGRAM	DIRECTOR	1.00	Director	$0	$0	$151,250
JACK O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$145,000
JULIA S GOUW	DIRECTOR	1.00	Director	$0	$0	$155,000
DEREK LANGHAUSER	DIRECTOR	1.00	Director	$0	$0	$137,500
JAMES RUNCIE	DIRECTOR	1.00	Director	$0	$0	$128,750
JENNIFER ANDERSON	DIRECTOR	1.00	Director	$0	$0	$148,750
K PAUL SINGH	BOARD CHAIR	1.00	Director	$0	$0	$141,875
JACOB KASSUBA	VP, CAMPUS OPERATIONS	40.00	Officer	$245,835	$49,589	$295,424
JONI KURLAND	VP, ACCRED, LIC & CAMPUS COMPLIANCE	40.00	Officer	$216,054	$12,870	$228,924
BRIAN BOARDMAN	GENERAL COUNSEL & CORP SECRETARY	0.00	Officer	$0	$86,354	$540,009
MARTIN SCANLON	CFO & TREASURER	0.00	Officer	$0	$104,819	$1,023,130
SHARON CLAY	CAMPUS DIRECTOR-THRU 11/23	40.00	Highest	$207,143	$22,956	$230,099
LYN CROSS	ASSC VP, FIN AID OPS-THRU 11/23	40.00	Highest	$187,856	$29,183	$217,039
CHRISTIAN JAHNSEN	MGR, CENTRAL REGISTRAR-THRU 7/23	40.00	Highest	$120,341	$12,480	$132,821
TIM DENGLER	CAMPUS DIRECTOR-THRU 4/23	40.00	Highest	$115,974	$10,747	$126,721
VICTOR CORNIER	PROG CHAIR, SURGICAL TECH-THRU 11/23	40.00	Highest	$113,989	$18,728	$132,717
I KING JORDAN	FORMER DIRECTOR	0.00		$0	$0	$30,000
JOHN F DEPODESTA	FORMER BOARD CHAIR	0.00		$0	$0	$60,000
JEREMY WHEATON	FORMER PRESIDENT & CEO, ECMC GROUP	0.00		$0	$0	$1,622,127

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	No data	No data	No data	No data
2023	$31,590,718	$12,858,781	$5,890,322	$18,731,937
2022	$43,495,652	$49,769,201	$11,798,068	$-6,273,549
2021	$59,276,530	$51,025,086	$8,920,568	$8,251,444
2020	$77,523,596	$37,695,409	$10,196,836	$39,828,187
2019	$69,741,994	$51,953,218	$10,222,127	$17,788,776
2018	$172,275,342	$212,019,754	$10,990,662	$-39,744,412

ECMC EDUCATION INC