EDUCARE INC (EIN 870458347) - 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

1988

Legal Domicile

Principal Officer

LETITIA AHRENSBACK

Phone

8017740074

Tax Period

2023-01-01 to 2023-12-31

EDUCARE INC, founded in 1988, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $180K, a strong 17% operating margin.

Mission

PROVIDE EDUCATION AND DAY-CARE SERVICES TO CHILDREN WITHIN THE COMMUNITY SURROUNDING HILL AIR FORCE BASE, UTAH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $532,732

Program Service Revenue $553,094

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,085,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $497,519

Fundraising Expenses $0

Program Expenses $815,394

Other Expenses $408,472

TOTAL EXPENSES $905,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,085,826	$1,082,647	+0.0%
Expenses	$905,991	$879,827	+0.0%
Net Income	$179,835	$202,820	-0.1%

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

$137,280

Total Directors

$209,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LETITIA AHRENSBACK	President	40.00	Officer Director	$52,000	$0	$52,000
MATT AHRENSBACK	Trustee	40.00	Director	$46,800	$0	$46,800
CHRISTINA FREDERICKSON	Vice President	40.00	Officer Director	$43,160	$0	$43,160
JULIE HADDOCK	Secretary	40.00	Officer Director	$42,120	$0	$42,120
MARC LARIOS	Trustee	30.00	Director	$24,960	$0	$24,960

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	No data	No data	No data	No data
2023	$1,085,826	$905,991	$925,583	$179,835
2022	$1,082,647	$879,827	$746,046	$202,820
2021	$754,855	$675,193	$542,332	$79,662
2020	$819,484	$646,007	$459,988	$173,477
2019	$653,149	$615,782	$289,776	$37,367
2018	$545,005	$470,193	$249,750	$74,812

EDUCARE INC