FLARE EDUCATION INC (EIN 871145016) - 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

AJIT VAKHARIA

Phone

3522461677

Tax Period

2023-01-01 to 2023-12-31

FLARE EDUCATION INC, founded in 2021, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 93% from the prior year, signaling strong growth momentum. Expenses of $970K left a modest 6% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO WORK WITH HIGH SCHOOLS, COMMUNITY ORGANIZATIONS, AND COMPANIES TO BUILD LOCAL PARTNERSHIPS AND PROVIDE UNDER-RESOURCED HIGH SCHOOL STUDENTS WITH PAID, VALUE-FOCUSED SUMMER CAPSTONE PROJECTS. THE ORGANIZATION HELPS STUDENTS DEVELOP FOUNDATIONAL SKILLS, BUILD SOCIAL CAPITAL, AND IMPROVE THEIR FINANCIAL LITERACY SO THAT THE ALUMNI CAN FIND JOBS WITH GROSS ANNUAL INCOME AT OR ABOVE $60,000.

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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 $1,028,468

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,028,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,777

Fundraising Expenses $14,116

Program Expenses $547,930

Other Expenses $580,992

TOTAL EXPENSES $969,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,028,468	$534,260	+0.9%
Expenses	$969,769	$397,790	+1.4%
Net Income	$58,699	$136,470	-0.6%

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

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
AJIT VAKHARIA	PRESIDENT AND CEO	80.00	Officer Director	$0	$0	$0
BASIL CLEVELAND	BOARD DIRECTOR	2.50	Director	$0	$0	$0
DAN CHU	BOARD DIRECTOR	2.50	Director	$0	$0	$0
ED VILANDRIE	BOARD DIRECTOR	2.50	Director	$0	$0	$0
ERIN SAWYER	BOARD DIRECTOR	2.50	Director	$0	$0	$0
GAUGARIN OLIVER	BOARD DIRECTOR	2.50	Director	$0	$0	$0
JAYASHREE MAHAJAN	BOARD VICE-TREASURER	2.50	Officer Director	$0	$0	$0
JILL MONGEAU GAINES	EXECUTIVE DIRECTOR AND CHI	40.00	Officer Director	$0	$0	$0
KEVIN MCCASKILL	BOARD DIRECTOR	2.50	Director	$0	$0	$0
LORENNA BUCK	BOARD DIRECTOR	2.50	Director	$0	$0	$0
MANISH KUMAR	BOARD DIRECTOR	2.50	Director	$0	$0	$0
MANU DAFTARY	BOARD TREASURER	2.50	Officer Director	$0	$0	$0
MARCO BUCHBINDER	BOARD DIRECTOR	2.50	Director	$0	$0	$0
NADIA SHELBY	BOARD DIRECTOR	2.50	Director	$0	$0	$0
RICHARD CHANGE	BOARD DIRECTOR	2.50	Director	$0	$0	$0
SHAILAH STEWART	BOARD DIRECTOR	2.50	Director	$0	$0	$0
SINDURA RAVICHANDRAN	BOARD CLERK	2.50	Officer Director	$0	$0	$0
STEFAN BEWLEY	BOARD DIRECTOR	2.50	Director	$0	$0	$0
TRAVIS KELLER	BOARD DIRECTOR	2.50	Director	$0	$0	$0
CHRIS GARABEDIAN	BOARD DIRECTOR	2.50	Director	$0	$0	$0
PANKAJ SHARMA	BOARD DIRECTOR	2.50	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
2023	$1,028,468	$969,769	$1,043,167	$58,699
2022	$534,260	$397,790	$243,851	$136,470

FLARE EDUCATION INC