Helios Education Foundation (EIN 942850977) - 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

2004

Legal Domicile

Phone

6023812260

Tax Period

2024-10-01 to 2025-09-30

Helios Education Foundation, founded in 2004, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $52.4M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.8M, a strong 24% operating margin.

Mission

TO ENRICH THE LIVES OF INDIVIDUALS IN ARIZONA AND FLORIDA BY CREATING OPPORTUNITIES FOR SUCCESS IN POST-SECONDARY 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 $0

Program Service Revenue $0

Investment Income $52,419,531

Other Revenue $0

TOTAL REVENUE $52,419,531

Expense Breakdown

Grants Paid $19,622,037

Salaries & Benefits $9,394,726

Fundraising Expenses $0

Program Expenses $32,407,512

Other Expenses $10,619,008

TOTAL EXPENSES $39,635,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,419,531	$34,576,005	+0.5%
Expenses	$39,635,771	$41,951,459	-0.1%
Net Income	$12,783,760	$-7,375,454	-2.7%

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

$2,302,652

Total Directors

$1,753,777

Key Employees

$1,613,146

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE ROIG	VICE-CHAIR	10.0	Officer Director	$90,643	$0	$90,643
PAUL LUNA	PRESIDENT AND CEO	40.0	Officer Director	$638,325	$86,317	$724,642
STEVEN WHEELER	DIRECTOR & SECRETARY	6.0	Officer Director	$52,109	$0	$52,109
VADA MANAGER	DIRECTOR & TREASURER	6.0	Officer Director	$57,725	$0	$57,725
VINCENT ROIG	CHAIRMAN	20.0	Officer Director	$345,779	$39,495	$385,274
CHEVY HUMPHREY	DIRECTOR	6.0	Director	$46,693	$0	$46,693
DON ARIPOLI	DIRECTOR	6.0	Director	$57,035	$0	$57,035
IOANNA MORFESSIS	DIRECTOR	6.0	Director	$54,860	$0	$54,860
JAMES SWANSON	DIRECTOR	6.0	Director	$47,033	$0	$47,033
LARRY RICE	DIRECTOR	6.0	Director	$50,815	$0	$50,815
MARIA SASTRE	DIRECTOR	6.0	Director	$62,238	$0	$62,238
MARK FERNANDEZ	DIRECTOR	6.0	Director	$62,164	$0	$62,164
TOM HERNDON	DIRECTOR	6.0	Director	$62,546	$0	$62,546
BARBARA RYAN THOMPSON	EXECUTIVE VICE PRESIDENT & COO	40.0	Officer	$453,966	$75,654	$529,620
MICHAEL CHESIN	SENIOR VICE PRESIDENT & CFO	40.0	Officer	$375,123	$87,516	$462,639
JANICE PALMER	SVP GOVERNMENT AFFAIRS & PUBLIC POLICY	40.0	Key Emp	$253,089	$62,979	$316,068
LAUREN M CORTINAS	SENIOR VICE PRESIDENT, COMMUNICATIONS	40.0	Key Emp	$173,350	$46,730	$220,080
PAUL PERRAULT	SVP COMMUNITY IMPACT & LEARNING	40.0	Key Emp	$262,131	$100,118	$362,249
STACY BAIER	SVP FL COMMUNITY ENGAGEMENT, OPS, STRATEGIC PSHPS	40.0	Key Emp	$265,733	$102,437	$368,170
VINCE YANEZ	SVP AZ COMMUNITY ENGAGEMENT	40.0	Key Emp	$268,977	$77,602	$346,579
JULIE NORWOOD	VP GRANTS AND PROJECT MANAGEMENT	40.0	Highest	$146,387	$49,141	$195,528
NOEL MCCLAIN	SENIOR DIRECTOR, HUMAN RESOURCES	40.0	Highest	$140,888	$48,581	$189,469
TAMMI CRUM	DIRECTOR, EXECUTIVE SERVICES	40.0	Highest	$136,585	$40,662	$177,247
TINA DENICOLE	VP FINANCE AND ADMINISTRATION	40.0	Highest	$207,226	$44,649	$251,875
ZACHARY FONTES	DIRECTOR OF TECHNOLOGY	40.0	Highest	$156,039	$67,569	$223,608

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	$52,419,531	$39,635,771	$879,721,019	$12,783,760
2024	$34,576,005	$41,951,459	$832,856,270	$-7,375,454
2023	$-12,696,190	$36,928,499	$740,953,286	$-49,624,689
2022	$21,760,037	$39,411,328	$702,121,235	$-17,651,291
2021	$70,162,749	$41,887,448	$848,817,984	$28,275,301
2020	$50,271,699	$29,775,741	$747,899,259	$20,495,958
2019	$27,605,974	$26,859,606	$754,497,859	$746,368
2018	$34,238,622	$31,708,928	$736,397,444	$2,529,694

Helios Education Foundation