HEWITT RESEARCH FOUNDATION

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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

1973

Legal Domicile

Principal Officer

JACK LEWIS

Phone

3608358708

Tax Period

2024-05-01 to 2025-04-30

HEWITT RESEARCH FOUNDATION, founded in 1973, is a small nonprofit in the Education sector that reported $501K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $584K exceeded revenue, resulting in a 17% operating deficit.

Mission

HEWITT LEARNING, AIMS TO EXPAND THE ACCESSIBILITY OF QUALITY EDUCATIONAL RESOURCES AND OPPORTUNITIES, TO CULTIVATE UNDERSTANDING OF ONESELF, OTHERS, AND THE WORLD, ALL WHILE REFLECTING AND ENGAGING OUR DIVERSE POPULATION.

Program Service Accomplishments

Program 1

Expenses: $290,259 Revenue: $454,010

CURRICULUM/BOOKS - WITH THE GOAL OF INCREASING ACCESSIBILITY OF QUALITY EDUCATIONAL RESOURCES TO A DIVERSE POPULATION OF LEARNERS, HEWITT LEARNING FOSTERS THE DEVELOPING AND PUBLISHING OF QUALITY...

CURRICULUM/BOOKS - WITH THE GOAL OF INCREASING ACCESSIBILITY OF QUALITY EDUCATIONAL RESOURCES TO A DIVERSE POPULATION OF LEARNERS, HEWITT LEARNING FOSTERS THE DEVELOPING AND PUBLISHING OF QUALITY CURRICULUM, AS WELL AS THE DISTRIBUTION OF SELECTED BOOKS AND CURRICULUM PUBLISHED BY OTHERS.

Program 2

Expenses: $83,651 Revenue: $134,336

TESTING - THE P.A.S.S. (PERSONALIZED ACHIEVEMENT SUMMARY SYSTEM) TEST IS A STANDARDIZED TEST ADMINISTERED AMONG HOMESCHOOLING FAMILIES WITH TWO PRIMARILY CHARACTERISTICS: IT IS A NON-TIMED TEST...

TESTING - THE P.A.S.S. (PERSONALIZED ACHIEVEMENT SUMMARY SYSTEM) TEST IS A STANDARDIZED TEST ADMINISTERED AMONG HOMESCHOOLING FAMILIES WITH TWO PRIMARILY CHARACTERISTICS: IT IS A NON-TIMED TEST, REDUCING TEST ANXIETY OFTEN ARISING AROUND STANDARDIZED TESTING, AND IT INCORPORATES A PRETEST TO DETERMINE THE MOST APPROPRIATE LEVEL TEST TO ADMINISTER IN EACH OF THE THREE SUBJECTS (READING, MATH, AND LANGUAGE).

Program 3

Expenses: $29,945 Revenue: $756

NATIONAL INNOVATOR CHALLENGE - WITH THE GOAL OF INCREASING ACCESSIBILITY OF QUALITY EDUCATIONAL RESOURCES TO A DIVERSE POPULATION OF LEARNERS, HEWITT LEARNING HAS INCREASED ITS PARTICIPATION IN THE INNOVATION EDUCATION ARENA FROM OPERATING THE INDEPENDENT INNOVATOR CHALLENGE TO ALSO ADMINISTRATING THE NATIONAL INNOVATOR CHALLENGE.

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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 $8,000

Program Service Revenue $498,574

Investment Income $334

Other Revenue $-6,254

TOTAL REVENUE $500,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,067

Fundraising Expenses $4,072

Program Expenses $506,609

Other Expenses $329,032

TOTAL EXPENSES $584,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$500,654	$440,206	+0.1%
Expenses	$584,099	$471,158	+0.2%
Net Income	$-83,445	$-30,952	+1.7%

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

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

$117,919

Total Directors

$70,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK LEWIS	PRESIDENT	40	Officer Director	$70,000	$0	$70,000
KRISTIN LEHMAN	TREASURER	30	Officer	$47,919	$0	$47,919
ANNE HAUGAARD	VP & BOARD CHAIR	2	Officer Director	$0	$0	$0
ANNA HUEBNER	SECRETARY	1	Officer Director	$0	$0	$0
JACKLYN PARROTT	BOARD MEMBER	1	Director	$0	$0	$0
CHRISTAL BANKS	BOARD MEMBER	1	Director	$0	$0	$0
ELISABETH SILVER	BOARD MEMBER	1	Director	$0	$0	$0
KASTINEY SMITH	BOARD MEMBER	1	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	$500,654	$584,099	$305,588	$-83,445
2024	$440,206	$471,158	$327,043	$-30,952
2023	$255,904	$344,493	$270,814	$-88,589
2022	$287,413	$241,820	$304,826	$45,593
2021	$409,821	$302,533	$231,649	$107,288
2020	$193,953	$320,752	$80,217	$-126,799
2019	$246,518	$257,695	$216,883	$-11,177