Interfaith Education Fund Inc (EIN 742548241) - 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

1989

Legal Domicile

Principal Officer

Ernesto Cortes Jr

Phone

5124596551

Tax Period

2023-01-01 to 2023-12-31

Interfaith Education Fund Inc, founded in 1989, is a small nonprofit that reported $856K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 79% operating deficit.

Mission

Providing training and education on public issues affecting the welfare of West and Southwestern United States families, as well as researching and publicizing studies related to such issues.

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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 (2023)

Revenue Breakdown

Contributions & Grants $276,867

Program Service Revenue $416,922

Investment Income $161,733

Other Revenue $0

TOTAL REVENUE $855,522

Expense Breakdown

Grants Paid $20,500

Salaries & Benefits $548,672

Fundraising Expenses $6,307

Program Expenses $1,195,400

Other Expenses $962,930

TOTAL EXPENSES $1,532,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$855,522	$1,179,310	-0.3%
Expenses	$1,532,102	$1,430,704	+0.1%
Net Income	$-676,580	$-251,394	+1.7%

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

$499,595

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ernesto Cortes Jr	Co-Director	30.00	Officer	$249,526	$40,867	$290,393
Paul Turner	Co-Director	40.00	Officer	$181,125	$28,077	$209,202
David Garcia	Chair	1.00	Officer Director	$0	$0	$0
John Korcsmar	Secretary	1.00	Officer Director	$0	$0	$0
Regina Rogoff	Treasurer	1.00	Officer Director	$0	$0	$0
Sally Boeckholt	Director	1.00	Director	$0	$0	$0
Minerva Carcano	Director	1.00	Director	$0	$0	$0
Rhenel Johnson	Director	1.00	Director	$0	$0	$0
John Linder	Director	1.00	Director	$0	$0	$0
John Ogletree	Director	1.00	Director	$0	$0	$0
Consuelo Tovar	Director	1.00	Director	$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
2023	$855,522	$1,532,102	$4,004,204	$-676,580
2022	$1,179,310	$1,430,704	$4,663,478	$-251,394
2021	$6,469,194	$6,199,741	$5,294,219	$269,453
2020	$914,341	$1,108,092	$5,220,123	$-193,751
2019	$1,290,781	$1,666,245	$5,172,852	$-375,464
2018	$1,747,389	$2,156,953	$5,374,938	$-409,564

Interfaith Education Fund Inc