FIRST STATE EDUCATE INC (EIN 842554991) - 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

2019

Legal Domicile

Principal Officer

JULIA KELEHER

Phone

2023227373

Tax Period

2024-01-01 to 2024-12-31

FIRST STATE EDUCATE INC, founded in 2019, is a small nonprofit in the Education sector that reported $696K in total revenue in fiscal year 2024. Revenue surged 674% from the prior year, signaling strong growth momentum. The organization ran a surplus of $266K, a strong 38% operating margin.

Mission

EMPOWERING DELAWAREANS TO STRENGTHEN SCHOOL BOARDS, IMPROVE STUDENT OUTCOMES, AND DRIVE MEANINGFUL EDUCATION REFORM THROUGH CAPACITY BUILDING, TRAINING, EDUCATION, PUBLIC AWARENESS, AND LOCALLY DRIVEN SOLUTIONS.

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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 $677,910

Program Service Revenue $0

Investment Income $17,791

Other Revenue $0

TOTAL REVENUE $695,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,801

Fundraising Expenses $0

Other Expenses $299,189

TOTAL EXPENSES $429,990

Year-over-Year Comparison

	2024	2023	Change
Revenue	$695,701	$89,831	+6.7%
Expenses	$429,990	$477,757	-0.1%
Net Income	$265,711	$-387,926	-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

Governance

Voting Members

Independent Members

Employees

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

$170,195

Total Directors

$170,195

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DESA BURTON	BOARD MEMBER	2.00	Director	$0	$0	$0
JACK PERRY	BOARD MEMBER	2.00	Director	$0	$0	$0
THERE DU PONT	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES KELLY	BOARD MEMBER	2.00	Director	$0	$0	$0
SAMANTHA LOPEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
JOCELYN STEWART	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIA KELEHER	EXECUTIVE DIRECTOR	35.00	Officer Director	$102,988	$0	$170,195

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	$695,701	$429,990	$1,133,589	$265,711
2024	$695,701	$429,990	$1,133,589	$265,711
2023	$89,831	$477,757	$870,762	$-387,926
2022	$705,044	$420,292	$1,278,870	$284,752
2021	$232,383	$308,748	$987,430	$-76,365
2020	$926,051	$245,857	$1,062,110	$680,194
2019	$562,575	$195,352	$418,702	$367,223

FIRST STATE EDUCATE INC