CORRECTIONAL EDUCATION ASSOCIATION

EIN: 521933287 501(c)(3) Education

NORFOLK, VA

Total Revenue
$434,971
Total Expenses
$337,558
Total Assets
$459,668
Net Assets
$414,006
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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
MD
Principal Officer
PEGGY KAISER
Phone
4434593080
Tax Period
2023-10-01 to 2024-09-30

CORRECTIONAL EDUCATION ASSOCIATION, founded in 1993, is a small nonprofit in the Education sector that reported $435K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 22% operating margin.

Mission

THE DEVELOPMENT OF CORRECTIONAL EDUCATION SERVICES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $106,379
Program Service Revenue $322,850
Investment Income $0
Other Revenue $5,742
TOTAL REVENUE $434,971

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,398
Fundraising Expenses $78,627
Program Expenses $180,304
Other Expenses $230,160
TOTAL EXPENSES $337,558

Year-over-Year Comparison

2023 2022 Change
Revenue $434,971 $342,219 +0.3%
Expenses $337,558 $385,142 -0.1%
Net Income $97,413 $-42,923 -3.3%
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

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Governance

Voting Members
17
Independent Members
16
Employees
1
Volunteers
16

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
6
$55,000
Total Directors
17
$55,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEGGY KAISER EXECUTIVE DI 10.00
Officer Director
$55,000 $0 $55,000
HEATHER GAY PRESIDENT 2.00
Officer Director
$0 $0 $0
ANDREA BUTTROSS PRESIDENT EL 2.00
Officer Director
$0 $0 $0
SUSAN MCKEE VICE PRESIDE 2.00
Officer Director
$0 $0 $0
JODY BURTT SECRETARY 2.00
Officer Director
$0 $0 $0
DENISE JUSTICE TREASURER 10.00
Officer Director
$0 $0 $0
KEVIN KAVANAUGH REGION 1 DIR 2.00
Director
$0 $0 $0
TINA CAMERON REGION 2 DIR 2.00
Director
$0 $0 $0
MATT DENMAN REGION 3 DIR 2.00
Director
$0 $0 $0
MICHELLE PFAFF REGION 4 DIR 2.00
Director
$0 $0 $0
CHARLES BELL REGION 5 DIR 2.00
Director
$0 $0 $0
TRACIE HIGHTOWER REGION 6 DIR 2.00
Director
$0 $0 $0
BOB HOLTZ REGION 7 DIR 2.00
Director
$0 $0 $0
JULIE ORANGE REGION 8 DIR 2.00
Director
$0 $0 $0
JOHN DOWDELL PUBLICATIONS 2.00
Director
$0 $0 $0
RHEA BOWMAN JUVENILE JUS 2.00
Director
$0 $0 $0
KRISTINA HARTMAN STATE DIRECT 2.00
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 $434,971 $337,558 $459,668 $97,413
2023 $342,219 $385,142 $462,285 $-42,923
2022 $233,406 $312,956 $460,838 $-79,550
2021 $455,224 $314,259 $504,980 $140,965
2020 $92,777 $168,806 $360,443 $-76,029
2020 $103,031 $168,662 $370,841 $-65,631
2019 $300,219 $219,252 $429,634 $80,967
2018 $401,532 $213,122 $347,274 $188,410
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