Propel Education (EIN 474045034) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

MYLA CALHOUN

Phone

2055471800

Tax Period

2022-07-01 to 2023-06-30

TECH ALABAMA, founded in 2015, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2019. The organization ran a surplus of $814K, a strong 70% operating margin.

Mission

EDUCATION FARM ("ED FARM") EQUIPS EDUCATORS IN SCHOOLS AND COMMMUNITIES WITH INNOVATIVE TOOLS THAT SUPPORT ACTIVE LEARNING FOR ALL STUDENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $11,585,808

Program Service Revenue $950,454

Investment Income $119,159

Other Revenue $0

TOTAL REVENUE $12,655,421

Expense Breakdown

Grants Paid $1,457,077

Salaries & Benefits $7,465,688

Fundraising Expenses $257,252

Program Expenses $15,180,303

Other Expenses $8,945,436

TOTAL EXPENSES $17,868,201

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,655,421	$731,270	+16.3%
Expenses	$17,868,201	$8,815,698	+1.0%
Net Income	$-5,212,780	$-8,084,428	-0.4%

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

$565,791

Total Directors

Key Employees

$777,785

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRIE DEANS	CHIEF OPERATING OFFICER	40.0	Key Emp	$603,185	$12,200	$615,385
WAYMOND JACKSON	PRESIDENT	40.0	Officer	$338,568	$0	$338,568
JUANITA REYNOLDS	SENIOR VICE PRESIDENT	40.0	Highest	$294,941	$8,297	$303,238
CHARLES GIBBS	PRESIDENT OF HBCU CONSORTIUM	40.0	Highest	$281,468	$21,127	$302,595
HAE-SIN KIM THOMAS	PRESIDENT OF PATHWAYS	40.0	Highest	$246,100	$22,040	$268,140
CORTNEY HARRIS	SVP OF IMPACT & PROGRAMS	40.0	Highest	$183,364	$10,903	$194,267
LISA DOYLE	VP OF FINANCE	40.0	Officer	$161,936	$11,328	$173,264
JULIE SILLS MOLLOCK	CHIEF DEVELOPMENT OFFICER	40.0	Highest	$164,219	$6,321	$170,540
LIGE SHAO	VP OF GROWTH	40.0	Key Emp	$155,996	$6,404	$162,400
EUGENE WADE	CEO	40.0	Officer	$53,959	$0	$53,959
ANTHONY ONI	CHAIRMAN	1.0	Officer Director	$0	$0	$0
JAY BRANDRUP	TREASURER	1.0	Officer Director	$0	$0	$0
JOHN HUDSON	DIRECTOR	1.0	Director	$0	$0	$0
LAMELL MCMORRIS	DIRECTOR	1.0	Director	$0	$0	$0
MYLA CALHOUN	DIRECTOR	1.0	Director	$0	$0	$0
NICHOLE FRANCIS-REYNOLDS	DIRECTOR	1.0	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$12,655,421	$17,868,201	$32,011,290	$-5,212,780
2022	$731,270	$8,815,698	$32,212,884	$-8,084,428
2021	$43,965,281	$11,678,574	$41,135,810	$32,286,707
2021	$28,965,281	$11,271,210	$26,385,584	$17,694,071
2020	$6,199,770	$2,166,571	$4,996,826	$4,033,199
2019	$1,169,724	$355,233	$837,888	$814,491

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