THE EDUCATION FUND INC (F/K/A DADE… - Form 990 Financial Data

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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

LINDA LECHT

Phone

3055584544

Tax Period

2022-07-01 to 2023-06-30

THE EDUCATION FUND INC (F/K/A DADE PUBLIC EDUCATION FUND INC), founded in 1984, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 15% operating margin.

Mission

TO RAISE FUNDS AND PROVIDE SERVICES TO IMPROVE THE QUALITY OF EDUCATION IN MIAMI-DADE COUNTY PUBLIC SCHOOLS. THE FUND OPERATES THE FOLLOWING PROGRAMS TO ACHIEVE ITS MISSIONS:

Program Service Accomplishments

Program 1

Expenses: $5,459,657

TO RAISE FUNDS AND PROVIDE SERVICES TO IMPROVE THE QUALITY OF EDUCATION IN MIAMI-DADE COUNTY PUBLIC SCHOOLS. THE FUND OPERATES THE FOLLOWING PROGRAMS TO ACHIEVE ITS MISSIONS: IDEAS WITH IMPACT...

TO RAISE FUNDS AND PROVIDE SERVICES TO IMPROVE THE QUALITY OF EDUCATION IN MIAMI-DADE COUNTY PUBLIC SCHOOLS. THE FUND OPERATES THE FOLLOWING PROGRAMS TO ACHIEVE ITS MISSIONS: IDEAS WITH IMPACT $476,063, OCEAN BANK CENTER FOR EDUCATIONAL MATERIALS $3,749,367, TEACH RETENTION/TEACH-A-THON $163,460, FOOD FOREST FOR SCHOOLS $900,332, SMART PATH $170,435 AND TOTAL WAS $5,459,657.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,662,520

Program Service Revenue $0

Investment Income $84

Other Revenue $96,576

TOTAL REVENUE $6,759,180

Expense Breakdown

Grants Paid $3,493,082

Salaries & Benefits $1,333,500

Fundraising Expenses $163,166

Program Expenses $5,459,657

Other Expenses $903,973

TOTAL EXPENSES $5,730,555

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,759,180	$5,874,240	+0.2%
Expenses	$5,730,555	$4,562,983	+0.3%
Net Income	$1,028,625	$1,311,257	-0.2%

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

347

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

Total Directors

Key Employees

$195,071

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PABLO J PINO	CHAIR	2.00	Officer Director	$0	$0	$0
ERNEST P MODOCK JR	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JACKIE MARTINEZ-SANCHO	SECRETARY	2.00	Officer Director	$0	$0	$0
NICK TOOTLE	TREASURER	2.00	Officer Director	$0	$0	$0
RANDI WOLFSON	DIRECTOR	1.00	Director	$0	$0	$0
HECTOR J PONTE	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
ROLANDO AEDO	DIRECTOR	1.00	Director	$0	$0	$0
BETH BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR BENITEZ	DIRECTOR	1.00	Director	$0	$0	$0
JEANELLE BOSCAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER STEARNS	DIRECTOR	1.00	Director	$0	$0	$0
DON CLERVEAUX	DIRECTOR	1.00	Director	$0	$0	$0
MONICA COLUCCI	DIRECTOR	1.00	Director	$0	$0	$0
GARFIELD DEBARROS	DIRECTOR	1.00	Director	$0	$0	$0
JOSE DOTRES	DIRECTOR	1.00	Director	$0	$0	$0
JASMINE GAHED	DIRECTOR	1.00	Director	$0	$0	$0
MARIELI GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
MINDY GRIMES-FESTGE	DIRECTOR	1.00	Director	$0	$0	$0
JOSE MALLEA	DIRECTOR	1.00	Director	$0	$0	$0
DANNY MARKS	DIRECTOR	1.00	Director	$0	$0	$0
JASON MIZRACHI	DIRECTOR	1.00	Director	$0	$0	$0
MABEL MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
LEONARDO MURINO	DIRECTOR	1.00	Director	$0	$0	$0
LILLIAN PETERS	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL PINZUR	DIRECTOR	1.00	Director	$0	$0	$0
ROSA PRIETO	DIRECTOR	1.00	Director	$0	$0	$0
DAISY RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL SAPOZNIK	DIRECTOR	1.00	Director	$0	$0	$0
LINDA LECHT	PRESIDENT	50.00	Key Emp	$176,973	$18,098	$195,071
MARIANNE PINK	V.P. OF PROGRAMS	50.00	Highest	$103,331	$9,153	$112,484

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	$6,759,180	$5,730,555	$7,376,084	$1,028,625
2022	$5,874,240	$4,562,983	$6,148,944	$1,311,257
2021	$6,126,022	$5,834,848	$5,081,019	$291,174
2020	$6,025,704	$5,019,931	$4,774,952	$1,005,773
2019	$2,357,878	$2,955,765	$3,333,713	$-597,887
2019	$3,399,065	$2,955,765	$3,333,713	$443,300
2018	$2,760,167	$3,072,341	$2,895,193	$-312,174

THE EDUCATION FUND INC (F/K/A DADE PUBLIC EDUCATION FUND INC)