Families in Action for Quality Education (EIN 870829250) - 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

2021

Legal Domicile

Principal Officer

Kimi Kean

Phone

5102030712

Tax Period

2024-07-01 to 2025-06-30

Families in Action for Quality Education, founded in 2021, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

To ensure that all students have access to a quality education.

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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 $1,189,891

Program Service Revenue $105,749

Investment Income $0

Other Revenue $1,919

TOTAL REVENUE $1,297,559

Expense Breakdown

Grants Paid $70,573

Salaries & Benefits $593,350

Fundraising Expenses $0

Program Expenses $1,259,900

Other Expenses $601,468

TOTAL EXPENSES $1,265,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,297,559	$1,531,529	-0.2%
Expenses	$1,265,391	$1,583,607	-0.2%
Net Income	$32,168	$-52,078	-1.6%

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

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

$35,498

Total Directors

$123,298

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kimi Kean	CEO and Co-Founder	39.00	Officer Director	$35,498	$0	$35,498
Larissa Adam	Board Member	1.00	Officer Director	$0	$0	$0
Maribel Gonzalez	Board Chair	40.00	Director	$87,800	$0	$87,800
Olabayo Allen-Taylor	Treasurer	1.00	Officer Director	$0	$0	$0
Niloy Gangopadhyay	Secretary	1.00	Officer Director	$0	$0	$0
Arsema Abera	Board Member	1.00	Director	$0	$0	$0
Rocio Gonzalez	Board Member	1.00	Director	$0	$0	$0
Marlyn Lemus	Board Member	1.00	Director	$0	$0	$0
Sue Park	Board Member	1.00	Director	$0	$0	$0
Miranda Thorman	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
2025	$1,297,559	$1,265,391	$224,841	$32,168
2024	No data	No data	No data	No data
2023	$1,654,033	$1,348,792	$326,626	$305,241
2022	$900,846	$933,814	$68,125	$-32,968

Families in Action for Quality Education