Educare Inc

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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

1993

Legal Domicile

Principal Officer

Richard Hastings

Phone

2052427278

Tax Period

2024-06-01 to 2025-05-31

Educare Inc, founded in 1993, is a micro nonprofit in the Human Services sector that reported $59K in total revenue in fiscal year 2024. Revenue surged 3049% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 16% operating margin.

Mission

The share the gospel of Jesus Christ with the world on non-believers.

Program Service Accomplishments

Program 1

Expenses: $50,203 Revenue: $59,465

TO share the gospel of Jesus Christ with the world of non-believers.

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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 $59,483

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $59,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,195

Fundraising Expenses $0

Program Expenses $50,203

Other Expenses $17,008

TOTAL EXPENSES $50,203

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,483	$1,889	+30.5%
Expenses	$50,203	N/A	N/A
Net Income	$9,280	$1,889	+3.9%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Hastings	CEO	2.00	Officer	$0	$0	$0
Leslie Hoyle	Website Designer	2.00	Officer	$0	$0	$0
Matt Wyers	Communications	2.00	Officer	$0	$0	$0
David Arsenault	Marketing Adviser	2.00	Officer	$0	$0	$0
Peter Bittle	Producer	8.00	Key Emp	$0	$0	$0
Lynn Robertson	Bookkeeper	5.00	Key Emp	$0	$0	$0
Daniel R Arsenault	President	10.00	Highest	$0	$0	$0

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	$59,483	$50,203	$11,169	$9,280