COUNCIL ON REGIONAL ECONOMIC EXP &… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

EDUARDO RODRIGUEZ

Phone

9153517077

Tax Period

2023-01-01 to 2023-12-31

COUNCIL ON REGIONAL ECONOMIC EXP & EDUCATIONAL DEVELOPMENT FOUNDATION, founded in 2016, is a small nonprofit in the Education sector that reported $590K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $97K, a strong 16% operating margin.

Mission

LEAD EFFORTS TO IDENTIFY AND SUPPORT INITIATIVES THAT IMPROVE COLLEGE READINESS AND ENSURE MORE STUDENTS GRADUATE WITH A COLLEGE DEGREE OR CERTIFICATION. PARTNER WITH EDUCATION LEADERS, FUNDERS, AND REGIONAL, STATE, AND NATIONAL ORGANIZATIONS TO DEVELOP THE NEXT GENERATION EDUCATIONAL SYSTEM FOR EL PASO.

Program Service Accomplishments

Program 1

Expenses: $493,207

PROVIDE INITIAL STARTUP COSTS AND EXPENSES ASSOCIATED WITH THE EXPANSION OF THE IDEA PUBLIC SCHOOLS SYSTEM IN EL PASO, TX, AIDING IN FORMATION, RECRUITMENT OF TEACHERS, AND AFFILIATED ORGANIZING...

PROVIDE INITIAL STARTUP COSTS AND EXPENSES ASSOCIATED WITH THE EXPANSION OF THE IDEA PUBLIC SCHOOLS SYSTEM IN EL PASO, TX, AIDING IN FORMATION, RECRUITMENT OF TEACHERS, AND AFFILIATED ORGANIZING EXPENSES. 2017 GRANT IN THE AMOUNT OF $6,812,400 WILL BE PAID OUT OVER SEVEN YEARS, POTENTIALLY AIDING IN OPENING 20 SCHOOLS WITH PROJECTED ENFORLLMENT OF 14,000 STUDENTS BY 2023. THE TOTAL PAID THROUGH 2023 IS $4,123,265. PAID $375,000 OF $2.25 GRANT TO HARMONY PUBLIC SCHOOLS FOR EXPANSION IN EL PASO, BRINGING TOTAL PAID TO $750,000. PROVIDED $62,134 IN SUPPORT OF PARENT ENGAGEMENT/KNOWLEDGE INITIATIVES. GENERATED SUPPORT FOR ADDITIONAL AND TARGETED SCHOLARSHIP PROGRAMS FOCUSED ON SPECIFIC CAREER DEVELOPMENT OPPORTUNITIES, AS IN THE CASE OF ATTRACTING MORE HIGH PERFORMING STUDENTS TO THE TEACHING PROFESSION, AS WELL AS CONTINUING TO ENCOURAGE STUDENTS, ALSO THROUGH SCHOLARSHIP AWARDS, TO PURSUE A BACHELORS DEGREE IN AN IN DEMAND OCCUPATION OR CAREER. ALSO, THROUGH A STIPEND SUPPORT PROGRAM, ENGAGE TEACHERS DURING THE SUMMER MONTHS WITH EMPLOYERS TO EXPOSE BOTH TEACHERS AND EMPLOYERS TO THE REQUIREMENTS OF THE EMPLOYER, IN TERMS OF SKILLS, AND THE MEANS THAT TEACHING THOSE SKILLS CAN BE ENHANCED IN THE CLASSROOM AND THROUGH THE CURRICULUM. THROUGH VARIOUS SPONSORSHIPS, THE EFFORT HAS BEEN TO BRING ATTENTION TO EXPANDING OPPORTUNITIES IN VARIOUS FIELDS FOR ALL UNDERREPRESENTED STUDENTS INCLUDING YOUNG WOMEN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $590,373

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $590,373

Expense Breakdown

Grants Paid $482,134

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $493,207

Other Expenses $11,178

TOTAL EXPENSES $493,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$590,373	$872,000	-0.3%
Expenses	$493,312	$2,722,151	-0.8%
Net Income	$97,061	$-1,850,151	-1.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$199,517

Total Directors

$274,347

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDUARDO RODRIGUEZ	EXEC DIR/SEC/TR	10.00	Officer Director	$0	$0	$199,517
NADIA TELLEZ	CHOOSE TO EXCEL DI	10.00		$0	$0	$131,181
MANUEL SOTO JR	Director	8.00	Director	$0	$0	$74,830
RICHARD CASTRO	Chairman	2.00	Officer Director	$0	$0	$0
WOODY HUNT	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
JOE CARDENAS	Director	2.00	Director	$0	$0	$0
DAN OLIVAS	Director	2.00	Director	$0	$0	$0
CARMEN PEREZ	Director	2.00	Director	$0	$0	$0
EDWARD ESCUDERO	Director	2.00	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
2024	No data	No data	No data	No data
2023	$590,373	$493,312	$3,608,859	$97,061
2022	$872,000	$2,722,151	$3,696,798	$-1,850,151
2021	$45,000	$72,889	$3,671,949	$-27,889
2020	$125,000	$110,178	$3,699,838	$14,822
2019	$200,000	$24	$4,445,694	$199,976
2018	$510,000	$142	$5,321,877	$509,858

COUNCIL ON REGIONAL ECONOMIC EXP & EDUCATIONAL DEVELOPMENT FOUNDATION