EDSOURCE INC (EIN 942434900) - 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

1977

Legal Domicile

Principal Officer

DEBORAH CLARK

Phone

5104330421

Tax Period

2024-07-01 to 2025-06-30

EDSOURCE INC, founded in 1977, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 50% operating deficit.

Mission

TO DISTRIBUTE TRUSTWORTHY AND USEFUL INFORMATION ON PUBLIC 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 $2,293,072

Program Service Revenue $113,534

Investment Income $332,178

Other Revenue $2,944

TOTAL REVENUE $2,741,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,058,625

Fundraising Expenses $288,312

Program Expenses $3,046,765

Other Expenses $1,047,498

TOTAL EXPENSES $4,106,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,741,728	$3,800,947	-0.3%
Expenses	$4,106,123	$4,157,410	0.0%
Net Income	$-1,364,395	$-356,463	+2.8%

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

$134,667

Total Directors

Key Employees

$351,654

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE VASQUEZ	FORMER CHIEF EXECUTIVE OFFICER	40.00		$185,533	$18,240	$203,773
STEPHANIE T NGUYEN	DIRECTOR OF OPERATIONS THRU 11/2024	40.00	Key Emp	$151,747	$31,407	$183,154
JOHN FENSTERWALD	EDITOR-AT-LARGE	40.00	Key Emp	$156,029	$12,471	$168,500
THALIA HENDERSON	DIRECTOR OF DEVELOPMENT	40.00	Highest	$123,765	$19,970	$143,735
SMITA PATEL	DIRECTOR OF COMM. & PARTNERSHIPS	40.00	Highest	$119,089	$18,817	$137,906
THOMAS CHRISTOPHER PEELE	INVESTIGATIVE REPORTER	40.00	Highest	$114,148	$13,474	$127,622
ANDREW K KLEIN-REED	DIGITAL COMM & COMMUNITY ENG. MGR	40.00	Highest	$109,408	$9,240	$118,648
DYMPNA UGWU-OJU	K-12 EDITOR	40.00	Highest	$108,931	$9,513	$118,444
LOUIS FREEDBERG INTERIM	CHIEF EXECUTIVE OFFICER THRU 01/2025	40.00	Officer	$111,898	$2,769	$114,667
DEBORAH CLARK	CHIEF EXECUTIVE OFFICER	40.00	Officer	$20,000	$0	$20,000
JANNELLE KUBINEC	VP/SECRETARY THRU 12/2024, PRESIDENT	2.00	Officer Director	$0	$0	$0
JOEL VARGAS	PRESIDENT THRU 12/2024	2.00	Officer Director	$0	$0	$0
RICHARD WHITMORE	TREASURER	2.00	Officer Director	$0	$0	$0
MARY JANE BURKE	DIRECTOR	2.00	Officer Director	$0	$0	$0
RAQUEL TORRES-RETANA	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT SHEFFIELD	DIRECTOR	2.00	Director	$0	$0	$0
JAMES BOREN	DIRECTOR	2.00	Director	$0	$0	$0
ANNE STANTON	DIRECTOR	2.00	Director	$0	$0	$0
WILL SANFORD	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER IPPOLITO	DIRECTOR THRU 03/2025	2.00	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	$2,741,728	$4,106,123	$6,094,082	$-1,364,395
2024	No data	No data	No data	No data
2023	$5,735,643	$3,699,444	$7,492,365	$2,036,199
2022	$3,306,168	$3,533,463	$4,976,526	$-227,295
2021	$4,611,798	$3,660,491	$5,442,741	$951,307
2020	$2,328,497	$3,175,995	$4,538,505	$-847,498
2019	$3,294,794	$2,622,946	$4,448,329	$671,848
2018	$2,748,779	$2,782,733	$3,764,067	$-33,954

EDSOURCE INC