INSTITUTE FOR EDUCATIONAL REFORM INC

EIN: 541641185

ARDMORE, PA

Total Revenue
$200,000
Total Expenses
$245,605
Total Assets
$5,039
Net Assets
$5,039
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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
1992
Legal Domicile
VA
Principal Officer
WILLIAM HILLMAN
Phone
7034548501
Tax Period
2023-01-01 to 2023-12-31

INSTITUTE FOR EDUCATIONAL REFORM INC, founded in 1992, is a small nonprofit that reported $200K in total revenue in fiscal year 2023. Expenses of $246K exceeded revenue, resulting in a 23% operating deficit.

Mission

EDUCATES AND ADVOCATES ON PUBLIC SECTOR ISSUES.

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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 $200,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $200,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,032
Fundraising Expenses $13,947
Program Expenses $206,910
Other Expenses $131,573
TOTAL EXPENSES $245,605

Year-over-Year Comparison

2023 2022 Change
Revenue $200,000 N/A N/A
Expenses $245,605 N/A N/A
Net Income $-45,605 $0 N/A
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
3
Independent Members
3
Employees
1
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
4
$105,770
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KURT CHRISTENSEN CHAIR 2.00
Officer Director
$0 $0 $0
GLEN DOWNS VICE CHAIR 1.00
Officer Director
$0 $0 $0
WILLIAM HILLMAN SECY/TREASURER 10.00
Officer Director
$0 $0 $0
MATTHEW COLEMAN EXECUTIVE DIRECTOR 40.00
Officer
$105,770 $0 $105,770
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 No data No data No data No data
2023 $200,000 $245,605 $5,039 $-45,605
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