NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PARTNERSHIP FOR EDUCATION ADVANCEMENT INC, founded in 2018, is a mid-sized nonprofit in the Education sector that reported $22.0M in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. Expenses of $24.2M exceeded revenue, resulting in a 10% operating deficit.
THE PARTNERSHIP FOR EDUCATION ADVANCEMENT IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION COMMITTED TO SUPPORTING SOCIAL MOBILITY THROUGH STRENGTHENING OF MISSION-FOCUSED COLLEGES AND UNIVERSITIES THAT PRIMARILY SERVE LOW-INCOME, FIRST-GENERATION, AND UNDER-RESOURCED STUDENTS AND FAMILIES. WE ARE DEDICATED TO THE FOLLOWING PRINCIPLES AS WE CARRY OUT OUR MISSION:- OUR RESOURCES AND INVESTMENTS ALIGN WITH STUDENTS' FUTURE SUCCESS IN EVIDENT AND MEASURABLE WAYS.- WE MUST ACKNOWLEDGE AND UPHOLD THE CAPACITY OF MINORITY SERVING INSTITUTIONS, INCLUDING HBCUS, TO LEAD EQUITY EFFORTS.- TRANSFORMATION REQUIRES SOLUTIONS THAT ARE SUSTAINABLE, SCALABLE, AND BROADLY ADOPTABLE
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $21,951,817 | $11,458,290 | +0.9% |
| Expenses | $24,160,336 | $20,222,000 | +0.2% |
| Net Income | $-2,208,519 | $-8,763,710 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HAMILTON JAMES | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES RUNCIE | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
Director
|
$300,424 | $20,353 | $320,777 |
| GARRETT MORAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| VERDUN PERRY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BERYL MCEWEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ARNE DUNCAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM LEITH | MANAGING DIRECTOR | 40.00 |
Officer
|
$308,000 | $0 | $308,000 |
| NARA LEE | SENIOR FINANCE OFFICER | 40.00 |
Officer
|
$219,801 | $0 | $219,801 |
| ZINA EVANS | SVP ENROLLMENT MANAGEMENT | 40.00 |
Highest
|
$355,606 | $9,692 | $365,298 |
| WAYNE CUMMINGS | SVP CHIEF TECHNOLOGY OFFICER | 40.00 |
Highest
|
$285,861 | $28,223 | $314,084 |
| ANNE ELIZABETH REZNIK | CHIEF OF STAFF | 40.00 |
Highest
|
$271,800 | $0 | $271,800 |
| CECILIA LOUISE MARSHALL | DIRECTOR OF EXTERNAL PARTNERSHIPS | 40.00 |
Highest
|
$215,683 | $30,045 | $245,728 |
| ROBIN MINOR | SVP INSTITUTIONAL PARTNERS | 40.00 |
Highest
|
$308,000 | $0 | $308,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $21,951,817 | $24,160,336 | $29,459,148 | $-2,208,519 |
| 2023 | $11,458,290 | $20,222,000 | $32,272,540 | $-8,763,710 |
| 2022 | $23,831,423 | $20,605,938 | $44,587,407 | $3,225,485 |
| 2021 | $41,198,488 | $14,431,760 | $36,194,552 | $26,766,728 |
| 2020 | $15,250,000 | $7,498,314 | $8,474,840 | $7,751,686 |
| 2019 | $875,000 | $805,764 | $357,842 | $69,236 |
| 2019 | $875,000 | $809,942 | $357,842 | $65,058 |
| 2018 | $451,000 | $190,770 | $269,478 | $260,230 |
Compare PARTNERSHIP FOR EDUCATION ADVANCEMENT INC with other nonprofits in New York and across the country.