THE MODERN CLASSROOMS PROJECT INC (EIN 825421304) - 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

2018

Legal Domicile

Principal Officer

KAREEM FARAH

Phone

2027501084

Tax Period

2024-10-01 to 2025-09-30

THE MODERN CLASSROOMS PROJECT INC, founded in 2018, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $13.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.5M, a strong 18% operating margin.

Mission

THE MODERN CLASSROOMS PROJECT EMPOWERS EDUCATORS TO BUILD CLASSROOMS THAT RESPOND TO EVERY STUDENT'S NEEDS

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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 $11,066,615

Program Service Revenue $2,611,405

Investment Income $148,107

Other Revenue $782

TOTAL REVENUE $13,826,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,307,459

Fundraising Expenses $438,365

Program Expenses $10,421,156

Other Expenses $4,913,906

TOTAL EXPENSES $11,328,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,826,909	$12,439,198	+0.1%
Expenses	$11,328,885	$10,850,268	+0.0%
Net Income	$2,498,024	$1,588,930	+0.6%

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

$637,866

Total Directors

Key Employees

$606,835

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREEM FARAH - CHIEF	EXECUTIVE OF	40.00	Officer	$271,581	$15,368	$286,949
ROBERT BARNETT - CHIEF	INNOVATION O	40.00	Key Emp	$232,891	$9,897	$242,788
AUBREY WHITE - PRESIDENT AND	CHIEF GROWTH	40.00	Officer	$232,689	$2,879	$235,568
LARY WHITTEN - HEAD OF NATIONAL	PARTNERSHIPS	40.00	Key Emp	$186,109	$13,501	$199,610
MICHAEL HAKKARINEN - PARTNERSHIPS	DIRECTOR	40.00	Highest	$135,061	$33,047	$168,108
JAMES EDMOND JR - VICE PRESIDENT OF	PARTNERSHIPS	40.00	Key Emp	$158,995	$5,442	$164,437
MEGAN MCGREGOR - VICE PRESIDENT OF	PROGRAMS	40.00	Highest	$136,394	$16,834	$153,228
MATTHEW HICKSON - HEAD OF PARTNER	TRANSFORMATI	40.00	Highest	$141,288	$9,476	$150,764
EMILY STANFIELD - VICE PRESIDENT OF	EDUCATOR SUP	40.00	Highest	$129,425	$16,871	$146,296
JESSICA LAKE - VICE PRESIDENT OF	PRODUCT	40.00	Highest	$134,043	$4,983	$139,026
MONICA HOLLANDER - VP OF FINANCE	AND ADMINIST	40.00	Officer	$99,567	$15,782	$115,349
TILL BECHTOLSHEIMER	DIRECTOR	2.00	Director	$0	$0	$0
MITCH BENSON	DIRECTOR	2.00	Director	$0	$0	$0
CARMEN COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL FRIEDMAN	DIRECTOR	2.00	Director	$0	$0	$0
TOM FRY	DIRECTOR	2.00	Director	$0	$0	$0
DAWN LEPORE	DIRECTOR	2.00	Director	$0	$0	$0
NED MANDEL	TREASURER	5.00	Officer Director	$0	$0	$0
TANGANYIKA MILLARD	DIRECTOR	2.00	Director	$0	$0	$0
ARMAN GOKGOL KLINE - OUTGOING	DIRECTOR	2.00	Director	$0	$0	$0
SHAWNA DIX - OUTGOING	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE KAPSIS - OUTGOING	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN PICK	DIRECTOR	2.00	Director	$0	$0	$0
ROGER SHERMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
TRACEY STRAUSS	BOARD CHAIR	5.00	Officer 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	$13,826,909	$11,328,885	$11,268,387	$2,498,024
2024	$12,439,198	$10,850,268	$8,251,792	$1,588,930
2023	$7,059,682	$6,246,819	$6,301,540	$812,863
2022	$7,754,867	$4,623,179	$5,458,403	$3,131,688
2021	$3,061,569	$2,143,326	$2,266,133	$918,243
2020	$1,163,712	$630,495	$1,050,664	$533,217
2019	$472,066	$118,606	$435,009	$353,460

THE MODERN CLASSROOMS PROJECT INC