IMPROVING EDUCATION 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

2015

Legal Domicile

Principal Officer

Jarrod Bolte

Phone

4432260809

Tax Period

2023-01-01 to 2023-12-31

IMPROVING EDUCATION INC, founded in 2015, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $459K, a strong 22% operating margin.

Mission

Our mission is to provide solutions to improve educational systems.

Program Service Accomplishments

Program 1

Expenses: $514,859 Revenue: $0

All Children Ready. All Children Ready is an initiative focused on significantly increasing literacy and math achievement in Head Start Pre-Kindergarten and Kindergarten children in Baltimore City...

All Children Ready. All Children Ready is an initiative focused on significantly increasing literacy and math achievement in Head Start Pre-Kindergarten and Kindergarten children in Baltimore City while developing scalable practices that can be used at locations across the city state and nation to improve Kindergarten Readiness outcomes. During 2023 All Children Ready collaborated with 10 Head Start sites and 4 Pre-Kindergarten sites with the goal of significantly improving Kindergarten Readiness for the students they serve. We worked with 650 students and 60 educators to assess progress improve instruction and provide materials that can be used in the home to enhance instruction.

Program 2

Expenses: $328,720 Revenue: $158,895

Bedtime in a Box. Through our Bedtime in a Box program we provide books healthcare items and bedtime materials to low-income families with children ages 0-5 to help them establish nightly bedtime...

Bedtime in a Box. Through our Bedtime in a Box program we provide books healthcare items and bedtime materials to low-income families with children ages 0-5 to help them establish nightly bedtime routines supporting health early education and parent-child bonding. During 2023 we distributed over 10,600 Bedtime Boxes to underserved families across the country.

Program 3

Expenses: $316,297 Revenue: $540,250

Educational Consulting and Support. Through our Educational Consulting and Support program we engage with other local and national non-profit organizations to advance the outcomes of students. This includes improvements in reading and math outcomes for elementary middle and high school students improved graduation rates with more 9th graders on track to graduate and the development and support of Community Schools.

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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 $1,123,917

Program Service Revenue $540,250

Investment Income $0

Other Revenue $439,521

TOTAL REVENUE $2,103,688

Expense Breakdown

Grants Paid $15,750

Salaries & Benefits $1,118,425

Fundraising Expenses $69,097

Program Expenses $1,383,517

Other Expenses $510,647

TOTAL EXPENSES $1,644,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,103,688	$1,122,055	+0.9%
Expenses	$1,644,822	$1,184,552	+0.4%
Net Income	$458,866	$-62,497	-8.3%

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

$183,175

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jarrod Bolte	Chief Executive Officer	40.00	Officer	$166,980	$16,195	$183,175
Samantha McLemore	President Board Chair	2.00	Officer Director	$0	$0	$0
Angela Lynch	Treasurer	2.00	Officer Director	$0	$0	$0
Jared Murphy	Secretary	1.00	Officer Director	$0	$0	$0
David Tohn	Board Member	1.00	Director	$0	$0	$0

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	$2,103,688	$1,644,822	$2,546,617	$458,866
2022	$1,122,055	$1,184,552	$2,337,955	$-62,497
2021	$1,162,568	$707,693	$1,380,910	$454,875
2020	$1,139,719	$724,899	$944,471	$414,820