THE CENTER FOR EDUCATION REFORM (EIN 521847187) - 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

1993

Legal Domicile

Principal Officer

JEANNE ALLEN

Phone

2027500016

Tax Period

2024-01-01 to 2024-12-31

THE CENTER FOR EDUCATION REFORM, founded in 1993, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.7M in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $22.6M exceeded revenue, resulting in a 92% operating deficit.

Mission

TO EXPAND EDUCATIONAL OPPORTUNITIES THAT LEAD TO IMPROVED ECONOMIC OUTCOMES FOR ALL AMERICANS, PARTICULARLY OUR CHILDREN, ENSURING THAT THE CONDITIONS ARE RIPE FOR INNOVATION, FREEDOM, AND FLEXIBILITY THROUGHOUT U.S. 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 $11,613,429

Program Service Revenue $0

Investment Income $32,803

Other Revenue $102,987

TOTAL REVENUE $11,749,219

Expense Breakdown

Grants Paid $14,911,728

Salaries & Benefits $3,549,365

Fundraising Expenses $166,127

Program Expenses $22,227,730

Other Expenses $4,098,219

TOTAL EXPENSES $22,559,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,749,219	$45,087,867	-0.7%
Expenses	$22,559,312	$32,087,026	-0.3%
Net Income	$-10,810,093	$13,000,841	-1.8%

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

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

$547,821

Total Directors

$547,821

Key Employees

$826,278

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNE ALLEN	FOUNDER AND CEO	65.00	Officer Director	$547,821	$0	$547,821
DONALD HENSE	CHAIRMAN AND SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL MOE	CHAIRMAN & SECRETARY	1.00	Officer Director	$0	$0	$0
MAGGIE ZULUETA	DIRECTOR & INTERIM TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN CHAVOUS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WHITTLE	DIRECTOR	1.00	Director	$0	$0	$0
JANINE YASS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MUSANTE	EXECUTIVE VP	40.00	Key Emp	$370,120	$23,000	$393,120
ROBERT BLEVINS	COO	40.00	Key Emp	$411,379	$21,779	$433,158
CAROLINE ALLEN	CHIEF PROGRAM OFFICER	40.00	Highest	$146,461	$28,296	$174,757
KATHERINE NELLIGAN	DIRECTOR OF EXTERNAL AFFAIRS	40.00	Highest	$138,029	$9,142	$147,171
ALEXANDER AUDET	DIRECTOR OF DATA AND TECHNOLOGY	40.00	Highest	$125,656	$4,628	$130,284
JOSEPHINA RAGO	SENIOR PARTNERSHIP MANAGER	40.00	Highest	$114,789	$9,536	$124,325
THEODORE ALLEN	CREATIVE DIRECTOR	30.00	Highest	$104,682	$4,896	$109,578

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	$11,749,219	$22,559,312	$5,733,799	$-10,810,093
2023	$45,087,867	$32,087,026	$23,095,278	$13,000,841
2022	$30,674,796	$30,411,654	$14,753,313	$263,142
2022	$30,674,796	$30,411,654	$14,753,313	$263,142
2021	$7,208,228	$6,013,763	$1,738,343	$1,194,465
2021	$7,208,228	$6,013,763	$1,738,343	$1,194,465
2020	$1,593,507	$1,869,383	$442,643	$-275,876
2019	$2,552,391	$2,343,931	$730,195	$208,460
2018	$2,098,444	$2,321,756	$1,184,791	$-223,312

THE CENTER FOR EDUCATION REFORM