CENTRAL STATES PRIVATE EDUCATION N… - Form 990 Financial Data

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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

TOM NETTING

Phone

8172280117

Tax Period

2023-01-01 to 2023-12-31

CENTRAL STATES PRIVATE EDUCATION NETWORK, founded in 2014, is a small nonprofit in the Education sector that reported $493K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $423K left a modest 14% surplus.

Mission

CSPEN IS A 501(C)(3) CHARITABLE EDUCATION ORGANIZATION DEDICATED TO PROMOTING THE INTERESTS OF STUDENTS AND PRIVATE SCHOOLS. CSPEN WORKS COLLABORATIVELY WITH OTHER LIKE-MINDED NATIONAL AND STATE ORGANIZATIONS, THEIR REPRESENTATIVES, AND THE SUPPORTERS OF OUR SHARED COMMUNITY THROUGHOUT THE UNITED STATES.CSPEN'S MISSION IS TO PROVIDE POST-SECONDARY EDUCATIONAL INSTITUTIONS WITH ACCESS TO RESOURCES AND INFORMATION DESIGNED TO ASSIST THE INSTITUTIONAL COMMUNITY IN ACHIEVING COMPLIANCE WITH STATE AND FEDERAL LEGISLATIVE REQUIREMENTS AND REGULATORY REQUIREMENTS AND SUPPORTING STUDENTS' FUTURES THROUGH THE PROMOTION OF STUDENT ACCESS, COMPLETION, AND SUCCESSFUL ENTRY INTO THE OCCUPATIONAL DISCIPLINE AND CAREER OF EACH STUDENT'S CHOOSING.

Program Service Accomplishments

Program 1

Expenses: $385,191 Revenue: $343,850

CSPEN ASSISTS INSTITUTIONS OF HIGHER EDUCATION TO ACHIEVE OUR MISSION BY PROVIDING AN ARRAY OF TOOLS AND RESOURCES, INCLUDING, BUT NOT LIMITED TO, THE PUBLICATION AND DISSEMINATION OF THE LATEST NEWS AND EVENTS OCCURRING AT BOTH THE FEDERAL AND TARGETED STATE LEVELS, PRESENTATION OF INNOVATIVE WEBINARS, VIDEOS, AND THOUGHT-PROVOKING BLOGS AND PODCASTS, AS WELL AS DIRECT ACCESS TO A COMPREHENSIVE LIST OF LEGISLATION PROPOSED AT THE FEDERAL LEVEL AND LEADING EXPERTS IN MONITORING OF THE LEGISLATION, CURRICULUM DEVELOPMENT, STUDENT SUPPORT SERVICES, FINANCIAL LITERACY, AND MORE.

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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 $149,358

Program Service Revenue $343,850

Investment Income $0

Other Revenue $0

TOTAL REVENUE $493,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,997

Fundraising Expenses $0

Program Expenses $385,191

Other Expenses $299,545

TOTAL EXPENSES $422,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$493,208	$443,384	+0.1%
Expenses	$422,542	$469,675	-0.1%
Net Income	$70,666	$-26,291	-3.7%

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

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

$190,997

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE ERNST	PRESIDENT/CHAIRMAN	5.00	Officer Director	$0	$0	$0
AARON EDWARDS	VICE PRESIDENT/VICE-CHAIR	5.00	Officer Director	$0	$0	$0
JEREMIAH SCARBROUGH	TREASURER	5.00	Officer Director	$0	$0	$0
JAMI FRAZIER	BOARD MEMBER	3.00	Director	$0	$0	$0
JOSH SWAYNE	BOARD MEMBER	0.00	Director	$0	$0	$0
MIKE WHERRY	BOARD MEMBER	0.00	Director	$0	$0	$0
ANDREA SNOW	BOARD MEMBER	0.00	Director	$0	$0	$0
JERIKAY PROCHASKA	CO-EXECUTIVE DIRECTOR	2.00	Officer	$51,000	$0	$51,000
TOM NETTING	CO-EXECUTIVE DIRECTOR	2.00	Officer	$101,000	$0	$101,000
JEANINE FORD	ADMINISTRATIVE DIRECTOR	2.00	Officer	$38,997	$0	$38,997

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	$493,208	$422,542	$129,651	$70,666
2022	$443,384	$469,675	$108,985	$-26,291
2021	$423,280	$415,265	$85,276	$8,015
2020	$296,922	$250,243	$77,771	$46,679
2019	$239,456	$255,062	$30,582	$-15,606
2018	$204,700	$241,519	$88,188	$-36,819

CENTRAL STATES PRIVATE EDUCATION NETWORK