INNER CITY EDUCATION FOUNDATION (EIN 954548521) - 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

1995

Legal Domicile

Principal Officer

PARKER HUDNUT

Phone

3232906900

Tax Period

2022-07-01 to 2023-06-30

INNER CITY EDUCATION FOUNDATION, founded in 1995, is a mid-sized nonprofit in the Education sector that reported $51.3M in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

ICEF'S MISSION IS TO EDUCATE AND EMPOWER COURAGEOUS LEADERS TO EMBRACE THEIR FULL POTENTIAL FOR COLLEGE, CAREER, AND LIFE BY PROVIDING A COMMUNITY THAT HONORS EACH STUDENT'S UNIQUE IDENTITY, FOSTERS ACADEMIC EXCELLENCE, NURTURES HEALTHY MINDS, AND INSPIRES CRITICAL THINKERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $51,343,367

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $51,343,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,362,165

Fundraising Expenses $0

Program Expenses $43,621,522

Other Expenses $22,808,112

TOTAL EXPENSES $50,170,277

Year-over-Year Comparison

	2022	2021	Change
Revenue	$51,343,367	$43,441,114	+0.2%
Expenses	$50,170,277	$42,346,828	+0.2%
Net Income	$1,173,090	$1,094,286	+0.1%

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

419

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

$497,268

Total Directors

Key Employees

$189,715

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PARKER HUDNUT	CEO	40.00	Officer	$263,290	$45,752	$309,042
SHURON OWENS	CHIEF ACADEMIC OFFICER	40.00	Key Emp	$161,454	$28,261	$189,715
GREG BRENDEL	COO/CFO (THROUGH APRIL 2023)	40.00	Officer	$161,226	$27,000	$188,226
DAWAYNE BARRY WASHINGTON	PRINCIPAL	40.00	Highest	$133,634	$18,543	$152,177
CHARLES LEMIE	PRINCIPAL	40.00	Highest	$126,967	$12,496	$139,463
LESLIE SHAW-MCGEE	PRINCIPAL	40.00	Highest	$117,915	$21,465	$139,380
LAURA ASHLEY HAYES	DIRECTOR	40.00	Highest	$117,312	$12,784	$130,096
SHELBY PEALER	VP OF STRATEGY	40.00	Highest	$114,821	$20,054	$134,875
KENNETH CHRISTMAS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ANGILA ROMIOUS	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
WILLIAM LUCAS	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
BRANDON ROBERSON	MEMBER	2.00	Director	$0	$0	$0
TRAMELL JOHNSON	MEMBER	2.00	Director	$0	$0	$0
DAVID MOORE	MEMBER	2.00	Director	$0	$0	$0
RONDA DIXON	MEMBER	2.00	Director	$0	$0	$0
DANA HENRY	MEMBER	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$51,343,367	$50,170,277	$85,685,842	$1,173,090
2022	$43,441,114	$42,346,828	$35,733,948	$1,094,286
2021	$41,820,831	$34,232,189	$33,345,924	$7,588,642
2020	$29,284,682	$34,102,207	$24,831,978	$-4,817,525
2018	$43,943,502	$43,292,348	$26,332,346	$651,154

INNER CITY EDUCATION FOUNDATION