COMMISSION ON ADULT BASIC EDUCATION INC (EIN 593164580) - 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

1992

Legal Domicile

Principal Officer

SHARON BONNEY

Phone

8884426223

Tax Period

2024-01-01 to 2024-12-31

COMMISSION ON ADULT BASIC EDUCATION INC, founded in 1992, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

COABE'S MISSION IS TO INSPIRE EDUCATORS SO ADULTS SUCCEED AND COMMUNITIES THRIVE. WE PROVIDE LEADERSHIP, PROFESSIONAL DEVELOPMENT, ADVOCACY FOR OUR MEMBERS.

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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 $229,378

Program Service Revenue $2,171,651

Investment Income $12,302

Other Revenue $54,698

TOTAL REVENUE $2,468,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $747,518

Fundraising Expenses $0

Program Expenses $2,381,537

Other Expenses $1,849,140

TOTAL EXPENSES $2,596,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,468,029	$2,015,089	+0.2%
Expenses	$2,596,658	$1,625,297	+0.6%
Net Income	$-128,629	$389,792	-1.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

125

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

$187,012

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HECTOR MARTINEZ	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
JODY ANGELONE	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JULI DENISCO	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTEN HEMPEL	REP REGION 1 & STUDENTS AS LEADERS CHAIR	1.00	Director	$0	$0	$0
RENEE RIVERS	REP REGION 2	1.00	Director	$0	$0	$0
KARYN GOVEN	REP REGION 3	1.00	Director	$0	$0	$0
ADRIENNE FONTENOT	VICE PRESIDENT FOR MEMBERSHIP	1.00	Officer Director	$0	$0	$0
JAMIE TRUJILLO	REP REGION 5	1.00	Director	$0	$0	$0
JOHN WERNER	REP REGION 6	1.00	Director	$0	$0	$0
HEIDI SILVER-PACIULLA	STATE DIRECTOR LIAISON	1.00	Director	$0	$0	$0
SHAKETTA THOMAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARSHA TAYLOR	REP REGION 4	1.00	Director	$0	$0	$0
POLLY SMITH	TREASURER	1.00	Officer	$0	$0	$0
SHARON BONNEY	CHIEF EXECUTIVE OFFICER	1.00	Officer	$187,012	$0	$187,012

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	$2,468,029	$2,596,658	$1,750,610	$-128,629
2023	$2,015,089	$1,625,297	$1,835,570	$389,792
2022	$1,584,585	$1,942,468	$1,240,135	$-357,883
2021	$1,591,664	$1,280,821	$1,527,853	$310,843
2020	$950,445	$647,708	$1,136,559	$302,737
2020	$944,519	$1,297,527	$1,475,893	$-353,008
2019	$1,636,090	$1,576,993	$1,149,081	$59,097
2018	$1,319,899	$1,455,866	$911,328	$-135,967

COMMISSION ON ADULT BASIC EDUCATION INC