CENTRAL REGIONAL EDUCATION ASSOCIATION (EIN 833594823) - 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

BRANDT DICK

Phone

7017514041

Tax Period

2024-07-01 to 2025-06-30

CENTRAL REGIONAL EDUCATION ASSOCIATION, founded in 2018, is a mid-sized nonprofit in the Education sector that reported $12.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $11.3M left a modest 6% surplus.

Mission

BE THE PREMIER ORGANIZATION THAT PROVIDES LEADERSHIP AND IS ADAPTABLE TO THE EVER-CHANGING NEEDS OF THE SCHOOLS AND THE STUDENTS THEY EDUCATE.

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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 $9,503,857

Program Service Revenue $2,495,845

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,999,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,577,027

Fundraising Expenses $0

Program Expenses $10,060,392

Other Expenses $3,736,037

TOTAL EXPENSES $11,313,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,999,702	$10,656,515	+0.1%
Expenses	$11,313,064	$10,630,388	+0.1%
Net Income	$686,638	$26,127	+25.3%

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

229

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

$266,662

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM VANNETT	DIRECTOR (LEFT JULY 2025)	1.00	Director	$0	$0	$0
JENNIFER WALLENDER	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA PETERSEN	DIRECTOR	1.00	Director	$0	$0	$0
LORI FURAUS	PRESIDENT	1.00	Officer Director	$0	$0	$0
LACY LAUDENSCHLAGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERRY SCHDMIDT	DIRECTOR (LEFT JULY 2025)	1.00	Director	$0	$0	$0
RICHARD BJERKLIE	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA SCHLAFMANN	DIRECTOR	1.00	Director	$0	$0	$0
CELESTE THINGVOLD	DIRECTOR	1.00	Director	$0	$0	$0
LARRY DERR	DIRECTOR	1.00	Director	$0	$0	$0
LUKE SCHAEFER	EXECUTIVE DIRECTOR	40.00	Officer	$118,910	$17,102	$136,012
BRANDT DICK	CFO	40.00	Officer	$115,087	$15,563	$130,650

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	$11,999,702	$11,313,064	$2,026,913	$686,638
2024	No data	No data	No data	No data
2023	$19,366,760	$18,537,834	$1,314,148	$828,926
2022	$6,330,786	$6,404,246	$485,222	$-73,460
2021	$4,310,585	$4,013,170	$558,682	$297,415

CENTRAL REGIONAL EDUCATION ASSOCIATION