EDCHOICE KENTUCKY INC (EIN 473944426) - 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

CHARLES LEIS

Phone

5028754345

Tax Period

2023-07-01 to 2024-06-30

EDCHOICE KENTUCKY INC, founded in 2015, is a small nonprofit in the Education sector that reported $327K in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum. Expenses of $365K exceeded revenue, resulting in a 12% operating deficit.

Mission

EDUCATING THE COMMONWEALTH ON THE BENEFITS OF EDUCATION CHOICE PROGRAMS

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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 $326,800

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $326,800

Expense Breakdown

Grants Paid $220,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $344,260

Other Expenses $145,140

TOTAL EXPENSES $365,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,800	$159,811	+1.0%
Expenses	$365,140	$117,011	+2.1%
Net Income	$-38,340	$42,800	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES H LEIS	CEO	0.25	Officer Director	$0	$0	$0
MAURICE LUNDRIGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEANA PARADIS	TREASURER	0.25	Officer Director	$0	$0	$0
RICHARD LECHLEITER	BOARD MEMBER	0.25	Director	$0	$0	$0
ELIZABETH RUEHLMANN	BOARD MEMBER	0.25	Director	$0	$0	$0
DARIN LONG	BOARD MEMBER	0.25	Director	$0	$0	$0
RABBI SIMCHA SNAID	BOARD MEMBER	0.25	Director	$0	$0	$0
ANDREW J VANDIVER	BOARD MEMBER	0.25	Director	$0	$0	$0
MARY BETH BOWLING	BOARD MEMBER	0.25	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	$326,800	$365,140	$117,968	$-38,340
2023	$159,811	$117,011	$156,308	$42,800
2022	$131,000	$123,620	$113,508	$7,380
2020	$89,525	$82,420	$99,497	$7,105
2019	$113,377	$170,164	$92,392	$-56,787
2018	$216,685	$160,552	$149,179	$56,133

EDCHOICE KENTUCKY INC