APPLIED EDUCATIONAL CONCEPTS INC

EIN: 821326283 501(c)(3) Education

LAKE VIEW TERRACE, CA

Total Revenue
$3,467,264
Total Expenses
$3,269,843
Total Assets
$1,016,254
Net Assets
$738,534
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Phone
8185831020
Tax Period
2024-06-01 to 2025-05-31

APPLIED EDUCATIONAL CONCEPTS INC, founded in 2018, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $3.3M left a modest 6% surplus.

Mission

TO PROVIDE A QUALITY EDUCATION TO STUDENTS ENROLLED IN ITS PRIVATE SCHOOL LOCATED IN CALIFORNIA. APPLIED EDUCATIONAL CONCEPTS, INC. SHALL PROVIDE EDUCATION SERVICES AND MATERIALS FOR PRE-K THROUGH GRADE 12 TO STUDENTS, THEIR FAMILIES AND THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $695,042
Program Service Revenue $2,772,324
Investment Income $0
Other Revenue $-102
TOTAL REVENUE $3,467,264

Expense Breakdown

Grants Paid $469,558
Salaries & Benefits $1,817,364
Fundraising Expenses $1,806
Program Expenses $3,131,927
Other Expenses $982,921
TOTAL EXPENSES $3,269,843

Year-over-Year Comparison

2024 2023 Change
Revenue $3,467,264 $2,770,673 +0.3%
Expenses $3,269,843 $3,067,724 +0.1%
Net Income $197,421 $-297,051 -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

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Governance

Voting Members
12
Independent Members
7
Employees
46
Volunteers
30

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
$0
Total Directors
12
$99,996
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CINDY GAINSFORTH Trustee 40.00
Director
$99,996 $0 $99,996
KAREN DALE Trust/Sec/Treas 40.00
Officer Director
$0 $0 $0
MATT BARTILSON Chairman 1.00
Officer Director
$0 $0 $0
KEVIN DALE Trust/President 1.00
Officer Director
$0 $0 $0
DEREK DEVETTE Trustee 1.00
Director
$0 $0 $0
SCOTT FRAZIER Trustee 1.00
Director
$0 $0 $0
KATELYN DEVETTE Trustee 1.00
Director
$0 $0 $0
DIANA TOURJE Trustee 1.00
Director
$0 $0 $0
CALYN RIENHART Trustee 1.00
Director
$0 $0 $0
ZACK GAINSFORTH Trustee 1.00
Director
$0 $0 $0
KYLE TOURJE Trustee 1.00
Director
$0 $0 $0
KATIE REINHART Trustee 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
2025 $3,467,264 $3,269,843 $1,016,254 $197,421
2024 $2,770,673 $3,067,724 $808,139 $-297,051
2023 $3,330,362 $2,913,175 $1,195,569 $417,187
2022 $3,221,682 $3,034,473 $751,150 $187,209
2021 $3,305,090 $3,278,488 $843,693 $26,602
2020 $3,335,925 $3,304,192 $849,988 $31,733
2019 $2,919,145 $2,743,712 $511,010 $175,433
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