IMAGINAL EDUCATION COMPANY

EIN: 814395271 501(c)(3) Education

MELBOURNE, FL

Total Revenue
$660,127
Total Expenses
$563,703
Total Assets
$264,788
Net Assets
$245,623
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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
FL
Principal Officer
PHILIP STREIT
Phone
9493103001
Tax Period
2020-01-01 to 2020-12-31

IMAGINAL EDUCATION COMPANY, founded in 2016, is a small nonprofit in the Education sector that reported $660K in total revenue in fiscal year 2020. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $564K left a modest 15% surplus.

Mission

IMAGINAL'S EDUCATION'S MISSION IS TO TRANSFORM EDUCATION BY CHANGING HOW CHILDREN LEARN AND TEACHERS TEACH THROUGH WORKSHOPS AND SEMINARS THROUGH OUR WEB-BASED TECHNOLOGY TOOL.

Program Service Accomplishments

Program 1
Expenses: $394,590 Revenue: $268,013

IN 2020, THE COMPANY SPENT MOST OF ITS TIME AND EFFORTS IN BUILDING OUR WEB-BASED TECHNOLOGY THAT WOULD BE UTILIZED BY TEACHERS, SCHOOL ADMINISTRATION AND STUDENTS. ONCE WE FINALIZE THE PROGRAMMING...

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IN 2020, THE COMPANY SPENT MOST OF ITS TIME AND EFFORTS IN BUILDING OUR WEB-BASED TECHNOLOGY THAT WOULD BE UTILIZED BY TEACHERS, SCHOOL ADMINISTRATION AND STUDENTS. ONCE WE FINALIZE THE PROGRAMMING BUILD, IT WILL BECOME AVAILABLE FOR FREE OR FOR A SMALL GROSS PROFIT TO SCHOOLS AS PART OF OUR PROFOUND LEARNING PROGRAMS.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $392,114
Program Service Revenue $268,012
Investment Income $1
Other Revenue $0
TOTAL REVENUE $660,127

Expense Breakdown

Grants Paid $0
Salaries & Benefits $174,081
Fundraising Expenses $0
Program Expenses $394,590
Other Expenses $389,622
TOTAL EXPENSES $563,703

Year-over-Year Comparison

2020 2019 Change
Revenue $660,127 $502,739 +0.3%
Expenses $563,703 $468,647 +0.2%
Net Income $96,424 $34,092 +1.8%
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

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Governance

Voting Members
4
Independent Members
1
Employees
N/A
Volunteers
N/A

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
3
$135,529
Total Directors
4
$135,529
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDRES RUDMIK CHAIR 40.00
Officer Director
$128,905 $0 $128,905
THOMAS RUDMIK VICE CHAIR 20.00
Officer Director
$0 $0 $0
PHILIP STREIT SECRETARY 25.00
Officer Director
$6,624 $0 $6,624
MARY ANN EPPS 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
2020 $660,127 $563,703 $264,788 $96,424
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