EDUCATION COMES FIRST INC

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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

TIM DEMAKES

Phone

5082657700

Tax Period

2023-01-01 to 2023-12-31

EDUCATION COMES FIRST INC, founded in 2021, is a small nonprofit in the Education sector that reported $662K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $233K, a strong 35% operating margin.

Mission

FURTHERING THE EDUCATION OF CHILDREN OUTSIDE OF THE CLASSROOM BY ENHANCING THEIR PERFORMANCE IN THE AREAS OF MATHEMATICS, READING, AND SOCIAL DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $408,604 Revenue: $10,959

EDUCATION AND SOCIAL DEVELOPMENT FOR CHILDREN

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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 $650,596

Program Service Revenue $0

Investment Income $7,317

Other Revenue $3,642

TOTAL REVENUE $661,555

Expense Breakdown

Grants Paid $377,500

Salaries & Benefits $19,400

Fundraising Expenses $0

Program Expenses $408,604

Other Expenses $31,924

TOTAL EXPENSES $428,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$661,555	$350,323	+0.9%
Expenses	$428,824	$179,376	+1.4%
Net Income	$232,731	$170,947	+0.4%

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
TIM DEMAKES	PRESIDENT	2.00	Officer	$0	$0	$0
SUSAN ALTAMORE CARUSI	SECRETARY	2.00	Officer	$0	$0	$0
STEVEN STEWART	TREASURER	2.00	Officer	$0	$0	$0
MICHAEL CONWAY	DIRECTOR	2.00	Officer	$0	$0	$0
NICK MENINNO	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$661,555	$428,824	$403,678	$232,731
2022	$350,323	$179,376	$171,547	$170,947