Education Now

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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

2020

Legal Domicile

Principal Officer

Asher Hildebrand

Phone

9197829322

Tax Period

2021-01-01 to 2021-12-31

Education Now, founded in 2020, is a small nonprofit that reported $252K in total revenue in fiscal year 2021. Expenses of $300K exceeded revenue, resulting in a 19% operating deficit.

Mission

To promote public policy that advances educational and economic opportunity for the citizens of North Carolina, with an emphasis on education, affordable health care and broad based economic development.

Program Service Accomplishments

Program 1

Expenses: $299,383

The Board of Directors of The Organization decided to dissolve the corporation.All,remaining assets were distributed to Majority Rising NC , another Organization exempt under section 501(C)(4) of the Internal Revenue Code with similar puposes and objectives.The total amount distributed in liquidation was 299,383 in cash from the bank account of The Organization.

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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 (2021)

Revenue Breakdown

Contributions & Grants $251,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $251,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $299,383

Other Expenses $300,406

TOTAL EXPENSES $300,406

Year-over-Year Comparison

	2021	2020	Change
Revenue	$251,500	N/A	N/A
Expenses	$300,406	N/A	N/A
Net Income	$-48,906	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Asher Hildebrand	chair Bd of Dir	5.00	Officer 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
2021	$251,500	$300,406	No data	$-48,906
2020	$1,489,718	$1,440,812	$48,906	$48,906