HonorED Foundation (EIN 812204859) - 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

2016

Legal Domicile

Phone

3107386879

Tax Period

2024-01-01 to 2024-12-31

HonorED Foundation, founded in 2016, is a small nonprofit in the Education sector that reported $424K in total revenue in fiscal year 2024.

Mission

TO CELEBRATE AND REWARD EXTRAORDINARY K-12 EDUCATORS WHO HAVE MADE A TRANSFORMATIONAL IMPACT ON STUDENTS' LIVES.

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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 $424,358

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $424,358

Expense Breakdown

Grants Paid $105,000

Salaries & Benefits $236,405

Fundraising Expenses $26,651

Program Expenses $354,722

Other Expenses $110,251

TOTAL EXPENSES $451,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$424,358	$446,489	0.0%
Expenses	$451,656	$500,355	-0.1%
Net Income	$-27,298	$-53,866	-0.5%

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

$140,569

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Sonneborn	Co-Chair & Director	10.0	Officer Director	$0	$0	$0
Katherine Boone	Co-Chair & Director	10.0	Officer Director	$0	$0	$0
Alka Pateriya	Director	1.0	Director	$0	$0	$0
Britton Banowsky	Director - Term End 04/2024	1.0	Director	$0	$0	$0
Brooklyn Batey	Director	1.0	Director	$0	$0	$0
Eugene Pinkard Jr	Director - Term End 04/2024	1.0	Director	$0	$0	$0
Kareem Farah	Director	1.0	Director	$0	$0	$0
MELISSA RUBIN	DIRECTOR - ELECTED 05/2025	1.0	Director	$0	$0	$0
Sherrese Smith	Director	1.0	Director	$0	$0	$0
Kim Barrett	Executive Director - Term End 10/2024	40.0	Officer	$133,569	$7,000	$140,569

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	No data	No data	No data	No data
2024	$424,358	$451,656	$110,099	$-27,298
2023	$446,489	$500,355	$142,211	$-53,866
2023	$446,489	$500,355	$142,211	$-53,866
2022	$371,170	$340,168	$194,927	$31,002
2021	$340,028	$264,191	$161,455	$75,837
2020	$212,697	$344,783	$83,105	$-132,086
2019	$380,239	$349,969	$228,140	$30,270
2018	$328,387	$235,079	$181,650	$93,308

HonorED Foundation