THE EDUCATION FOUNDATION OF INDIAN… - 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

1991

Legal Domicile

Principal Officer

LAICA GERWIEN-MORETA

Phone

7725640034

Tax Period

2022-07-01 to 2023-06-30

THE EDUCATION FOUNDATION OF INDIAN RIVER COUNTY INC, founded in 1991, is a small nonprofit in the Education sector that reported $438K in total revenue in fiscal year 2022. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $699K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO SUPPLEMENT EDUCATIONAL PROGRAMS IN INDIAN RIVER COUNTY.

Program Service Accomplishments

Program 1

Expenses: $59,359

SCIENCE FAIR - THE INDIAN RIVER REGIONAL SCIENCE & ENGINEERING FAIR INVOLVES APPROXIMATELY 200 LOCAL VOLUNTEERS, PROFESSIONALS, AND RESEARCH SCIENTISTS WHO MENTOR STUDENTS AND REVIEW SCIENCE...

SCIENCE FAIR - THE INDIAN RIVER REGIONAL SCIENCE & ENGINEERING FAIR INVOLVES APPROXIMATELY 200 LOCAL VOLUNTEERS, PROFESSIONALS, AND RESEARCH SCIENTISTS WHO MENTOR STUDENTS AND REVIEW SCIENCE PROJECTS. CHILDREN FROM PUBLIC AND PRIVATE SCHOOLS PARTICIPATE IN SCIENTIFIC RESEARCH AND DISCOVERY THAT REINFORCES MATH, READING, AND WRITING SKILLS.TYPICALLY, MORE THAN 10,000 STUDENTS IN THE SCHOOL DISTRICT PARTICIPATE IN SCHOOL BASED FAIRS.

Program 2

Expenses: $204,007

HIGH-IMPACT INNOVATION GRANTS - EACH YEAR WE PROVIDE THE OPPORTUNITY FOR TEACHERS TO APPLY FOR FUNDING TO HELP THEM INITIATE INNOVATIVE PROGRAMS FOR STUDENTS IN THE FOLLOWING AREAS: SCHOOL CULTURE...

HIGH-IMPACT INNOVATION GRANTS - EACH YEAR WE PROVIDE THE OPPORTUNITY FOR TEACHERS TO APPLY FOR FUNDING TO HELP THEM INITIATE INNOVATIVE PROGRAMS FOR STUDENTS IN THE FOLLOWING AREAS: SCHOOL CULTURE, SCIENCE, MATH, AND READING. WE PROVIDE THE ENTREPRENEURIAL OPPORTUNITY FOR SCHOOL TEAMS TO PILOT AN INNOVATIVE CONCEPT THAT ADVANCES STUDENT ACHIEVEMENT.

Program 3

Expenses: $204,948

STEP INTO KINDERGARTEN - THIS PROGRAM WAS CREATED WITH THE GOAL TO INCREASE THE KINDERGARTEN READINESS OF THE 4 YEAR OLD STUDENTS. THIS WILL DECREASE THE POTENTIAL FOR SUMMER SLIDE BY EXTENDING THE SCHOOL YEAR FOR CHILDREN WHO HAVE PARTICIPATED DURING THE SCHOOL YEAR IN THE VOLUNTARY PRE-KINDERGARTEN (VPK) PROGRAM. TOTAL STUDENTS SERVED - 227

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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 $432,660

Program Service Revenue $0

Investment Income $2,259

Other Revenue $3,391

TOTAL REVENUE $438,310

Expense Breakdown

Grants Paid $342,295

Salaries & Benefits $197,895

Fundraising Expenses $13,592

Program Expenses $581,937

Other Expenses $158,880

TOTAL EXPENSES $699,070

Year-over-Year Comparison

	2022	2021	Change
Revenue	$438,310	$366,308	+0.2%
Expenses	$699,070	$494,097	+0.4%
Net Income	$-260,760	$-127,789	+1.0%

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

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

$129,587

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAICA GERWIEN-MORETA	PRESIDENT AND CHAIR	5.00	Officer Director	$0	$0	$0
CHRIS BIEBER	TREASURER	1.00	Officer Director	$0	$0	$0
LOGAN GEESLIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM ELFORD	DIRECTOR	1.00	Officer Director	$0	$0	$0
CINDY EMERSON	DIRECTOR	1.00	Director	$0	$0	$0
KENNY HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
HELEN MILLMAN	DIRECTOR	1.00	Director	$0	$0	$0
LEE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SEYMOUR	DIRECTOR	1.00	Director	$0	$0	$0
KHAHILIA SHAW	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS HERRON	EXECUTIVE DIRECTOR	40.00	Officer	$81,462	$0	$81,462
HEIDI LEONE	EXECUTIVE DIRECTOR	40.00	Officer	$48,125	$0	$48,125

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
2023	$438,310	$699,070	$358,576	$-260,760
2022	$366,308	$494,097	$790,776	$-127,789
2021	$493,978	$549,032	$876,184	$-55,054
2020	$865,047	$404,691	$728,266	$460,356
2019	$552,374	$559,503	$340,464	$-7,129

THE EDUCATION FOUNDATION OF INDIAN RIVER COUNTY INC