STRADA EDUCATION FOUNDATION INC (EIN 473044430) - 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

2015

Legal Domicile

Principal Officer

STEPHEN MORET

Phone

3178061200

Tax Period

2023-01-01 to 2023-12-31

STRADA EDUCATION FOUNDATION INC, founded in 2015, is a mid-sized nonprofit in the Community Improvement sector that reported $91.3M in total revenue in fiscal year 2023. Expenses of $101.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

STRADA EDUCATION FOUNDATION, INC. SUPPORTS PROGRAMS, POLICIES, AND ORGANIZATIONS THAT STRENGTHEN CONNECTIONS BETWEEN EDUCATION AND EMPLOYMENT IN THE U.S. WITH A SPECIAL FOCUS ON HELPING THOSE WHO FACE THE GREATEST CHALLENGES SECURING OPPORTUNITY THROUGH POSTSECONDARY EDUCATION OR TRAINING.

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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 $49,441,886

Program Service Revenue $0

Investment Income $41,188,597

Other Revenue $641,872

TOTAL REVENUE $91,272,355

Expense Breakdown

Grants Paid $26,012,347

Salaries & Benefits $34,047,098

Fundraising Expenses $0

Program Expenses $44,995,068

Other Expenses $41,067,264

TOTAL EXPENSES $101,126,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,272,355	$89,606,480	+0.0%
Expenses	$101,126,709	$101,647,351	0.0%
Net Income	$-9,854,354	$-12,040,871	-0.2%

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

153

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

$5,938,325

Total Directors

$2,515,751

Key Employees

$1,037,149

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN MORET	CEO & PRESIDENT	40.00	Officer Director	$1,260,958	$141,439	$1,402,397
MARLENE COULIS	CHAIRMAN	4.00	Director	$115,954	$0	$115,954
GERARD OLINGER	BOARD MEMBER	2.00	Director	$97,000	$0	$97,000
MIRIAM STROUSE	BOARD MEMBER	2.00	Director	$97,000	$0	$97,000
NICOLE JENKINS	BOARD MEMBER	2.00	Director	$97,000	$0	$97,000
SUREEL CHOKSI	BOARD MEMBER	2.00	Director	$97,000	$0	$97,000
WADE DYKE	BOARD MEMBER	2.00	Director	$97,000	$0	$97,000
WILLIAM NEALE	BOARD MEMBER	2.00	Director	$85,969	$0	$85,969
THOMAS MANGAS	BOARD MEMBER	2.00	Director	$85,768	$0	$85,768
ERNEST NEWBORN II	BOARD MEMBER	2.00	Director	$85,663	$0	$85,663
AMINTA BREAUX	BOARD MEMBER	2.00	Director	$85,000	$0	$85,000
ERIK MORENO	BOARD MEMBER	2.00	Director	$85,000	$0	$85,000
MICHAEL KING	BOARD MEMBER	2.00	Director	$85,000	$0	$85,000
RUTH WATKINS	EVP, PRESIDENT POST ED	39.00	Officer	$920,701	$101,396	$1,022,097
LARRY LUTZ	SEC. (THRU 01/23)/EVP, CORP. DEV.	39.00	Officer	$647,756	$77,394	$725,150
MICHAEL AUSTIN	EVP, CFO & TREASURER	39.00	Officer	$633,422	$81,172	$714,594
THOMAS DAWSON	EVP	1.00	Officer	$632,108	$77,968	$710,076
RHONDA POWELL	EVP GEN COUN & CORP SEC (AS OF 1/23)	38.00	Officer	$551,337	$57,745	$609,082
GABRIELLA GOMEZ	EVP, POL, ADV & COMMS (AS OF 05/23)	40.00	Officer	$409,427	$663	$410,090
ARISTIDE COLLINS	CHIEF ADMIN. OFFICER (AS OF 08/23)	40.00	Officer	$339,242	$5,597	$344,839
THOMAS R ERTEL	SVP & CAO	40.00	Key Emp	$479,601	$39,794	$519,395
LEONARD GURIN	SVP, INVESTMENTS	40.00	Key Emp	$459,120	$58,634	$517,754
DAVID CLAYTON	SVP, CONSUMER INSIGHTS	40.00	Highest	$518,518	$68,562	$587,080
JESSICA HINKLE	SVP, STRATEGIC INVESTMENTS	40.00	Highest	$493,584	$67,592	$561,176
COURTNEY MCBETH	SVP, CHIEF PROGRAM OFFICER	40.00	Highest	$469,568	$63,606	$533,174
CHRISTOPHER MEYER	SVP, STRATEGY & INNOVATION	40.00	Highest	$422,618	$58,787	$481,405
CHRISTOPHER MICHAEL BORTE	VP & CHIEF INFORMATION OFFICER	40.00	Highest	$353,214	$50,199	$403,413
TERRY HOLLOWAY	FORMER OFFICER	1.00		$437,531	$63,352	$500,883
DARYL GRAHAM	FORMER OFFICER	39.00		$416,968	$42,555	$459,523
WILLIAM HANSEN	FORMER OFFICER	0.00		$282,342	$0	$282,342

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	$91,272,355	$101,126,709	$2,098,503,918	$-9,854,354
2022	$89,606,480	$101,647,351	$1,944,963,967	$-12,040,871
2021	$291,514,184	$80,099,395	$2,055,980,919	$211,414,789
2020	$181,933,523	$80,192,477	$1,671,156,809	$101,741,046
2019	$160,940,145	$100,525,702	$1,559,443,913	$60,414,443
2018	$169,832,911	$103,030,957	$1,395,395,473	$66,801,954

STRADA EDUCATION FOUNDATION INC