THE FUND FOR TEACHERS

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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

2001

Legal Domicile

Principal Officer

KAREN KOVACH-WEBB

Phone

3462586206

Tax Period

2023-01-01 to 2023-12-31

THE FUND FOR TEACHERS, founded in 2001, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $3.8M exceeded revenue, resulting in a 87% operating deficit.

Mission

FUND FOR TEACHERS STRENGTHENS INSTRUCTION BY INVESTING IN OUTSTANDING TEACHERS' SELF-DETERMINED PROFESSIONAL GROWTH AND DEVELOPMENT IN ORDER TO SUPPORT STUDENT SUCCESS, ENRICH THEIR OWN PRACTICE, AND STRENGTHEN THEIR SCHOOLS AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $3,058,560

THE FUND FOR TEACHERS AWARDED 431 GRANTS TO EDUCATORS OF DISTINGUISHED STATUS AND SCHOOL DISTRICTS FOR THE PURPOSE OF CONTINUING THEIR EDUCATION AND TRAINING.

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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 $782,987

Program Service Revenue $0

Investment Income $1,226,705

Other Revenue $7,847

TOTAL REVENUE $2,017,539

Expense Breakdown

Grants Paid $1,680,577

Salaries & Benefits $1,325,821

Fundraising Expenses $400,060

Program Expenses $3,058,560

Other Expenses $768,217

TOTAL EXPENSES $3,774,615

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,017,539	$1,919,594	+0.1%
Expenses	$3,774,615	$3,211,725	+0.2%
Net Income	$-1,757,076	$-1,292,131	+0.4%

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

N/A

Volunteers

650

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

$333,065

Total Directors

$191,114

Key Employees

$359,237

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEGGY BROOKINS	DIRECTOR	1.00	Director	$0	$0	$0
DAN CHALLENER	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHEA V ENGLER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN C GULLA	DIRECTOR	1.00	Director	$0	$0	$0
KAREN KOVACH-WEBB	PRESIDENT/EXECUTIVE DIRECT	40.00	Officer Director	$191,114	$0	$191,114
KATE MADSEN KRAYCIRIK	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER A SANTIAGO	DIRECTOR/CHAIRMAN	1.00	Director	$0	$0	$0
DOANNIE TRAN	DIRECTOR	1.00	Director	$0	$0	$0
JONAS ZUCKERMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE ASCHERL	COO/SECRETARY/TREASURER	40.00	Officer	$141,951	$0	$141,951
STEPHEN G BUTLER	CHIEF DEVELOPMENT-OFFICER	40.00	Key Emp	$184,500	$0	$184,500
PATTI MCKEE	CHIEF FINANCIAL OFFICER	40.00	Key Emp	$174,737	$0	$174,737
CARRIE CATON	DIRECTOR OF COMMUNICATIONS	30.00	Highest	$120,128	$0	$120,128
SALMA ZAKY	PROGRAM MANAGER	40.00	Highest	$103,751	$0	$103,751

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	No data	No data	No data	No data
2023	$2,017,539	$3,774,615	$17,934,222	$-1,757,076
2022	$1,919,594	$3,211,725	$18,198,855	$-1,292,131
2021	$3,789,653	$2,192,600	$24,927,117	$1,597,053
2020	$1,236,135	$3,268,142	$23,039,986	$-2,032,007
2019	$1,690,053	$4,123,362	$20,314,860	$-2,433,309
2018	$2,476,938	$2,569,371	$19,253,628	$-92,433