EDUCATE NKY 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

2023

Legal Domicile

Principal Officer

GREG FISCHER

Phone

8592912020

Tax Period

2024-07-01 to 2025-06-30

EDUCATE NKY INC, founded in 2023, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 403% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.2M, a strong 81% operating margin.

Mission

IMPROVE OUTCOMES FOR ALL CHILDREN AND THEIR FAMILIES THROUGH THE EXPLORATION AND ADOPTION OF INNOVATIVE APPROACHES TO PRENATAL-12 EDUCATION IN THE NORTHERN KENTUCKY REGION.

Program Service Accomplishments

Program 1

Expenses: $190,182

START STRONG LAY A FOUNDATION THAT PREPARES YOUNG CHILDREN TO START SCHOOL STRONG, EQUIPS PARENTS AND FAMILIES TO LEVERAGE THEIR POWER, AND RALLIES THE COMMUNITY TO ACHIEVE EDUCATIONAL EXCELLENCE.

Program 2

Expenses: $342,001

BUILD SKILLS DEVELOP SKILLS THROUGH ROBUST PARTNERSHIPS WITH FAMILIES, RIGOROUS AND COORDINATED SYSTEMS OF LEARNING, AND ENRICHING OUT-OF-SCHOOL TIME PROGRAMS THAT SUPERCHARGE ACADEMIC GROWTH.

Program 3

Expenses: $375,011

OWN THE FUTURE ACTIVATE STUDENTS TO TAKE OWNERSHIP OF THEIR LEARNING JOURNEY AND DISCOVER A PATH THAT LEADS TO A FULFILLING AND SUCCESSFUL FUTURE.

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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 $6,334,878

Program Service Revenue $0

Investment Income $76,099

Other Revenue $0

TOTAL REVENUE $6,410,977

Expense Breakdown

Grants Paid $434,220

Salaries & Benefits $502,070

Fundraising Expenses $136,397

Program Expenses $907,194

Other Expenses $303,993

TOTAL EXPENSES $1,240,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,410,977	$1,275,000	+4.0%
Expenses	$1,240,283	$246,121	+4.0%
Net Income	$5,170,694	$1,028,879	+4.0%

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

$203,125

Total Directors

$88,542

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATRENA BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
GARREN COLVIN	DIRECTOR	1.00	Director	$0	$0	$0
NORMAND DESMARAIS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN FINAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM FOGARTY	DIRECTOR	1.00	Director	$0	$0	$0
TIM HANNER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HEIL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN NEAL	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK SESSION	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SMITH	DIRECTOR	1.00	Director	$0	$0	$0
LYNN SCHABER	SECRETARY	1.00	Officer Director	$0	$0	$0
JACK KENKEL	TREASURER	2.00	Officer Director	$0	$0	$0
GREG FISCHER	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
TOM HAGGARD	VICE PRESIDE	40.00	Officer Director	$83,438	$5,104	$88,542
CHEYE CALVO	PRESIDENT &	40.00	Officer	$110,283	$4,300	$114,583

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	$6,410,977	$1,240,283	$6,225,236	$5,170,694
2024	$23,868	$293,966	$759,655	$-270,098
2023	$1,275,000	$246,121	$1,028,879	$1,028,879