ELEMENTS OF EDUCATION PARTNERS

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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

2002

Legal Domicile

Principal Officer

MICHAEL MCGAVOCK

Phone

2533363818

Tax Period

2023-07-01 to 2024-06-30

ELEMENTS OF EDUCATION PARTNERS, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $712K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $810K exceeded revenue, resulting in a 14% operating deficit.

Mission

ELEMENTS OF EDUCATION PARTNERS TRANSFORMS THE CULTURE OF EDUCATION THROUGH INNOVATIVE PARTNER SCHOOLS AND PROGRAMS BUILT ON THE CORE VALUES OF COMMUNITY, BALANCE, THINKING AND EMPATHY.

Program Service Accomplishments

Program 1

Expenses: $310,622 Revenue: $615,705

ADJUNCT ARTISTS: PROFESSIONALS IN THE COMMUNITY TEACH CLASSES AT SOTA, SAMI, AND IDEA THROUGH OUR ADJUNCT INSTRUCTOR PROGRAM. THIS PROGRAM BEGAN AT SOTA IN 2002, AND SINCE THEN, ELEMENTS OF EDUCATION PARTNERS HAS SPENT OVER ONE MILLION DOLLARS HIRING LOCAL ARTISTS, SCIENTISTS, AND ENGINEERS TO TEACH HIGH SCHOOL CLASSES.ADJUNCT CLASSES ADD DEPTH AND BREADTH TO THE SCHEDULES, ALLOWING STUDENTS TO EXPLORE MORE TOPICS IN THEIR MAJOR. THROUGH THE PROGRAM, STUDENTS TO TAKE CLASSES LIKE GRAPHIC DESIGN, CREATIVE WRITING, JAZZ COMBO, BALLET, HIP HOP, GUITAR, APP DESIGN, BIO TECH, AND MORE.ADJUNCT CLASSES ARE INTENTIONALLY SMALL; WITH ONLY 15-20 STUDENTS IN THE CLASS THEY ARE ABLE TO FORM MEANINGFUL RELATIONSHIPS WITH THE INSTRUCTOR. THIS HELPS THEM TO BUILD PROFESSIONAL CONNECTIONS AND TO LEARN ABOUT A FIELD THEY'RE INTERESTED IN PURSUING FURTHER.SERVES 600+ HIGH SCHOOL STUDENTS EACH YEAR

Program 2

Expenses: $21,391

NEXT MOVE INTERNSHIPS: THE NEXT MOVE INTERNSHIP PROGRAM WORKS WITH THE LOCAL PROFESSIONAL COMMUNITY TO DESIGN MEANINGFUL POSITIONS FOR HIGH SCHOOL STUDENTS IN ORDER TO PROVIDE EACH A PREVIEW OF THEIR PROFESSIONAL FUTURE. BY WORKING ALONGSIDE EMPLOYEES IN A SPECIFIC INDUSTRY, STUDENT-INTERNS GAIN ENTHUSIASM FOR A POSSIBLE CAREER, WHILE ALSO ACQUIRING SKILLS AND EXPERTISE NEEDED TO SUCCEED IN THE WORKPLACE. LAST YEAR, NEXT MOVE PLACED 300 HIGH SCHOOL STUDENTS IN INTERNSHIPS ACROSS TACOMA IN FIELDS RANGING FROM NURSING TO ARCHITECTURE TO AUDIO RECORDING. MORE AN 250 COMMUNITY PARTNERS HOST STUDENTS FOR ONE SEMESTER AND ACT AS MENTORS TO THESE YOUNG PROFESSIONALS.SERVES 150+ HIGH SCHOOL STUDENTS EACH YEAR

Program 3

Expenses: $72,488

BEYOND THE BELL : THESE ARE AFTERSCHOOL PROGRAMS FOCUSED ON ENRICHMENT ACTIVITIES INCLUDING SPORTS, ARTS, ACADEMIC SUPPORTS ROOTED IN SOCIAL EMOTIONAL LEARNING. THESE PROGRAMS UNDERSTAND THAT NOT ALL LEARNING CAN BE DONE WITHIN SCHOOL HOURS. CLUBS ARE AVAILABLE AT EVERY SCHOOL IN TACOMA.SERVES 500+ MIDDLE SCHOOL STUDENTS EACH YEAR

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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 $101,022

Program Service Revenue $615,705

Investment Income $0

Other Revenue $-4,580

TOTAL REVENUE $712,147

Expense Breakdown

Grants Paid $17,500

Salaries & Benefits $135,069

Fundraising Expenses $1,511

Program Expenses $571,507

Other Expenses $657,635

TOTAL EXPENSES $810,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$712,147	$798,603	-0.1%
Expenses	$810,204	$806,583	+0.0%
Net Income	$-98,057	$-7,980	+11.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCGAVOCK	PRESIDENT	1.50	Officer Director	$0	$0	$0
ANDERS IBSEN	BOARD MEMBER	0.50	Director	$0	$0	$0
QUINCY HENRY	BOARD MEMBER	0.50	Director	$0	$0	$0
MELANIE GRASSI	SECRETARY	1.50	Officer Director	$0	$0	$0
JARED POTTER	TREASURER	1.50	Officer Director	$0	$0	$0
GWEN INGLES	BOARD MEMBER	0.50	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
2025	No data	No data	No data	No data
2024	$712,147	$810,204	$445,609	$-98,057
2023	$798,603	$806,583	$509,555	$-7,980
2022	$851,450	$668,330	$477,062	$183,120
2021	$609,829	$650,849	$336,879	$-41,020
2020	$640,243	$618,078	$402,177	$22,165
2019	$705,901	$570,497	$290,241	$135,404
2018	$613,056	$728,430	$174,646	$-115,374