DURANGO ADULT EDUCATION CENTER (EIN 841118878) - 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

1990

Legal Domicile

Phone

9703854354

Tax Period

2024-01-01 to 2024-12-31

DURANGO ADULT EDUCATION CENTER, founded in 1990, is a small nonprofit in the Education sector that reported $906K in total revenue in fiscal year 2024.

Mission

THE MISSION OF DURANGO EDUCATION CENTER, AS A CARING LEARNING COMMUNITY, IS TO FILL EDUCATIONAL GAPS BY PROVIDING THE SKILLS AND KNOWLEDGE NECESSARY FOR LIVABLE WAGE CAREERS, POST-SECONDARY EDUCATION, AND SOCIAL AND ECONOMIC MOBILITY.

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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 $843,159

Program Service Revenue $61,104

Investment Income $1,605

Other Revenue $0

TOTAL REVENUE $905,868

Expense Breakdown

Grants Paid $77,467

Salaries & Benefits $686,497

Fundraising Expenses $17,860

Program Expenses $775,906

Other Expenses $207,420

TOTAL EXPENSES $971,384

Year-over-Year Comparison

	2024	2023	Change
Revenue	$905,868	$899,100	+0.0%
Expenses	$971,384	$876,582	+0.1%
Net Income	$-65,516	$22,518	-3.9%

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

$69,787

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN HAKANSON	Executive Dir.	40.00	Officer	$69,787	$0	$69,787
KATHLEEN PIERSON	Treasurer	1.00	Officer Director	$0	$0	$0
DEAN BROOKIE	Director	1.00	Director	$0	$0	$0
MATTHEW GOMEZ	BOARD CHAIR	1.50	Officer Director	$0	$0	$0
ALISON WILLIAMS	Director	0.50	Director	$0	$0	$0
PATRICK COLEMAN	Director	0.50	Director	$0	$0	$0
NATAMBU OBLETON	Director	0.50	Director	$0	$0	$0
ROBERT BRICCA	Director	0.50	Director	$0	$0	$0
JEAN OLSEN	Director	0.50	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	$905,868	$971,384	$1,928,112	$-65,516
2023	$899,100	$876,582	$1,850,045	$22,518
2022	$769,376	$789,287	$1,880,922	$-19,911
2021	$904,516	$750,816	$1,892,674	$153,700
2020	$861,518	$857,687	$1,959,748	$3,831
2019	$902,120	$920,568	$1,871,283	$-18,448
2018	$979,862	$957,845	$1,926,374	$22,017

DURANGO ADULT EDUCATION CENTER