EDUCATION EQUITY FUND NFP

EIN: 851138259 501(c)(3)

CHICAGO, IL

Total Revenue
$54,491
Total Expenses
$45,936
Total Assets
$511,033
Net Assets
$24,459
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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
IL
Principal Officer
ANDREW DAVIS
Phone
7739028248
Tax Period
2022-07-01 to 2023-06-30

EDUCATION EQUITY FUND NFP, founded in 2020, is a micro nonprofit that reported $54K in total revenue in fiscal year 2022. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 16% operating margin.

Mission

MISSION IS MEETING CRITICAL LABOR MARKET NEEDS AND EXPANDING EQUITABLE OPPORTUNITIES FOR PEOPLE OF COLOR AND LOW-INCOME/FIRST GENERATION STUDENTS. EDUCATION EQUITY FUND EXPANDS POST-SECONDARY EDUCATIONAL OPPORTUNITIES AND SUPPORTS SUCCESS IN HIGH-QUALITY CAREER-PREPARATION PROGRAMS. THE GOAL OF EEF IS TO ENABLE STUDENTS TO PURSUE A CHOSEN CAREER PATH IN A HIGH-NEED PROFESSION. INITIALLY EEF SUPPORTS A DIVERSE GROUP OF HIGH-POTENTIAL, LOWER-INCOME AND FIRST-GENERATION CANDIDATES WHO REQUIRE FINANCIAL ASSISTANCE SO THEY MAY ENROLL IN AND COMPLETE EXCELLENT TRAINING AND DEGREE PROGRAMS IN PREPARATION FOR SUCCESS AS K-12 EDUCATORS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $54,149
Program Service Revenue $0
Investment Income $342
Other Revenue $0
TOTAL REVENUE $54,491

Expense Breakdown

Grants Paid $4,307
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,340
Other Expenses $41,629
TOTAL EXPENSES $45,936

Year-over-Year Comparison

2022 2021 Change
Revenue $54,491 $41,564 +0.3%
Expenses $45,936 $37,772 +0.2%
Net Income $8,555 $3,792 +1.3%
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

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Governance

Voting Members
7
Independent Members
7
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
1
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE LADKY BOARD CHAIR 1.00
Director
$0 $0 $0
CHRISTIAN FEAMAN BOARD CHAIR 5.00
Director
$0 $0 $0
JILL CANNON SECRETARY 2.00
Director
$0 $0 $0
JOHN KATO TREASURER 2.00
Director
$0 $0 $0
STEVE FISHER BOARD MEMBER 1.00
Director
$0 $0 $0
EFRAIN MARTINEZ BOARD MEMBER 1.00
Director
$0 $0 $0
STRATFORD SHIELDS BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY DAVIS PRESIDENT 20.00
Officer
$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
2023 $54,491 $45,936 $511,033 $8,555
2022 $41,564 $37,772 $597,759 $3,792
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