FIRST STATE EDUCATE ACTION FUND INC (EIN 842574164) - 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 ACTION FUND INC, founded in 2019, is a small nonprofit in the Education sector that reported $123K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $156K exceeded revenue, resulting in a 27% operating deficit.

Mission

ADVOCATING FOR AND MOBILIZING AROUND CRITICAL EDUCATION ISSUES, FOSTERING VOTER ENGAGEMENT IN SCHOOL BOARD-RELATED MATTERS, AND SUPPORTING SCHOOL BOARD ELECTIONS TO ENSURE EVERY CHILD'S FUTURE IS SHAPED BY EFFECTIVE, RESPONSIVE, AND ACCOUNTABLE LEADERSHIP.

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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 $123,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $123,000

Expense Breakdown

Grants Paid $65,000

Salaries & Benefits $89,054

Fundraising Expenses $0

Program Expenses $156,114

Other Expenses $2,060

TOTAL EXPENSES $156,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,000	$354,108	-0.7%
Expenses	$156,114	$381,570	-0.6%
Net Income	$-33,114	$-27,462	+0.2%

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
JULIA KELEHER	EXECUTIVE DIRECTOR	5.00	Officer Director	$67,207	$0	$170,195
CARLOS DIPRES	BOARD MEMBER	1.00	Director	$0	$0	$0
TERI QUINN-GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL WATSON	BOARD MEMBER	1.00	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	$123,000	$156,114	$9,247	$-33,114
2023	$354,108	$381,570	$43,645	$-27,462
2022	$327,238	$354,676	$70,816	$-27,438
2021	$313,260	$279,339	$98,459	$33,921
2020	$216,180	$186,493	$63,340	$29,687
2019	$104,410	$70,757	$45,653	$33,653

FIRST STATE EDUCATE ACTION FUND INC