FUND FOR EDUCATIONAL EXCELLENCE INC (EIN 521129402) - 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

1984

Legal Domicile

Principal Officer

ROGER SCHULMAN

Phone

4106858300

Tax Period

2024-07-01 to 2025-06-30

FUND FOR EDUCATIONAL EXCELLENCE INC, founded in 1984, is a mid-sized nonprofit in the Education sector that reported $30.7M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $27.9M left a modest 9% surplus.

Mission

THE FUND FOR EDUCATIONAL EXCELLENCE EXPANDS RESOURCES, INDENTIFIES AND ACCELERATES SOLUTIONS, AND RECOGNIZES EXCELLENCE SO THAT ALL CHILDREN IN BALTIMORE CITY PUBLIC SCHOOLS EXPERIENCE AN EFFECTIVE AND EQUITABLE EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $27,255,636

Program Service Revenue $2,410,970

Investment Income $1,006,802

Other Revenue $0

TOTAL REVENUE $30,673,408

Expense Breakdown

Grants Paid $6,044,945

Salaries & Benefits $8,033,242

Fundraising Expenses $863,334

Program Expenses $24,814,171

Other Expenses $13,793,991

TOTAL EXPENSES $27,887,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,673,408	$21,294,754	+0.4%
Expenses	$27,887,178	$27,361,712	+0.0%
Net Income	$2,786,230	$-6,066,958	-1.5%

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

134

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

$559,715

Total Directors

$320,998

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER SCHULMAN	President & CEO	40.00	Officer Director	$298,010	$22,988	$320,998
JULIA BAEZ	CEO, BALT PROMISE	40.00		$222,664	$20,211	$242,875
CHUCK ADKINS	CFO	40.00	Officer	$228,721	$9,996	$238,717
BRIDGET BLOUNT	DEP CEO - BP	40.00		$178,318	$16,053	$194,371
KEVIN LEARY	SR. PRGM DIR	40.00		$161,599	$18,985	$180,584
WENDY SAMET	EX DIR - MIDDL GRD	40.00		$150,490	$23,478	$173,968
CORRIE SCHOENBERG	SR PRGM DIR	40.00		$163,946	$8,556	$172,502
SHARON DONDES	SR PRGM DIR.	40.00		$138,586	$25,909	$164,495
MARK BELL	Director	1.00	Director	$0	$0	$0
RONALD JARRETT	Director	1.00	Director	$0	$0	$0
MARGUERITE MUGGE	Director	1.00	Director	$0	$0	$0
BETH FELDER	CHAIR	1.00	Officer Director	$0	$0	$0
ILENE BERMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RUSSELL MOORE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CINDA HUGHES CFA	TREASURER	1.00	Officer Director	$0	$0	$0
DR MAXINE WOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
JILL FEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE HOOD-WILSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE HONG	DIRECTOR	1.00	Director	$0	$0	$0
NANCY JORDAN-HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
SARA MILSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN A REDD	DIRECTOR	1.00	Director	$0	$0	$0
ARUN SUBHAS	DIRECTOR	1.00	Director	$0	$0	$0
NEILL THUPARI	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA DOUYON	DIRECTOR	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
2025	$30,673,408	$27,887,178	$35,054,202	$2,786,230
2025	$30,673,408	$27,887,178	$35,054,202	$2,786,230
2024	$21,294,754	$27,361,712	$31,258,443	$-6,066,958
2023	$22,332,215	$24,704,182	$36,091,507	$-2,371,967
2022	$23,197,789	$23,310,321	$38,110,666	$-112,532
2021	$36,549,916	$21,073,076	$39,237,536	$15,476,840
2020	$18,302,111	$18,594,138	$23,667,148	$-292,027
2019	$24,091,662	$12,834,171	$22,874,981	$11,257,491
2018	$9,642,515	$8,667,213	$10,455,987	$975,302

FUND FOR EDUCATIONAL EXCELLENCE INC