FOUNDATION FOR NEW EDUCATION INITIATIVES INC (EIN 611566768) - 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

2008

Legal Domicile

Principal Officer

ERIN SICKER

Phone

3059957308

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR NEW EDUCATION INITIATIVES INC, founded in 2008, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2024. Expenses of $4.7M left a modest 6% surplus.

Mission

ENHANCE STUDENT ACHIEVEMENT AND COMMUNITY ENGAGEMENT IN SUPPORT OF EDUCATIONAL INITIATIVES OF MIAMI-DADE COUNTY PUBLIC SCHOOLS.

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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 $4,436,751

Program Service Revenue $0

Investment Income $49,701

Other Revenue $563,879

TOTAL REVENUE $5,050,331

Expense Breakdown

Grants Paid $4,324,092

Salaries & Benefits $225,506

Fundraising Expenses $46,853

Program Expenses $4,417,797

Other Expenses $176,806

TOTAL EXPENSES $4,726,404

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,050,331	$5,187,808	0.0%
Expenses	$4,726,404	$5,038,922	-0.1%
Net Income	$323,927	$148,886	+1.2%

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

150

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

$41,517

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLOS CURBELO	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOSE L DOTRES	CHAIR	2.00	Officer Director	$0	$0	$0
CORBIN BRAILSFORD	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
ALAN H FEIN	TREASURER	2.00	Officer Director	$0	$0	$0
PHYLLIS MCHENRY	DIRECTOR	2.00	Director	$0	$0	$0
SUZAN MCDOWELL	DIRECTOR	2.00	Director	$0	$0	$0
OSMANI GONZALEZ	DIRECTOR	2.00	Director	$0	$0	$0
KADISHA PHELPS	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
DON SLESNICK	DIRECTOR	2.00	Director	$0	$0	$0
JULIE A S WILLIAMSON	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIN SICKER	CFO	40.00	Officer	$41,517	$0	$41,517

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	$5,050,331	$4,726,404	$4,998,435	$323,927
2024	$5,189,433	$5,038,922	$4,853,444	$150,511
2023	$4,020,486	$4,415,360	$4,971,555	$-394,874
2022	$3,368,745	$5,385,439	$4,754,832	$-2,016,694
2021	$5,709,256	$4,026,441	$6,063,775	$1,682,815
2020	$5,717,581	$6,208,810	$4,451,373	$-491,229
2019	$5,434,360	$4,955,566	$3,231,480	$478,794
2018	$5,488,032	$4,715,071	$4,673,719	$772,961

FOUNDATION FOR NEW EDUCATION INITIATIVES INC