VERO BEACH, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE INDIAN RIVER EDUCATION FUND, founded in 2024, is a small nonprofit in the Education sector that reported $912K in total revenue in fiscal year 2024. Revenue surged 273% from the prior year, signaling strong growth momentum. Expenses of $813K left a modest 11% surplus.
THE INDIAN RIVER EDUCATION FUND BRINGS TOGETHER CIVIC AND CORPORATE LEADERS TO SUPPORT INNOVATION, STRENGTHEN PUBLIC SCHOOLS, AND ALIGN COMMUNITY INVESTMENT WITH DISTRICT PRIORITIES.OUR VISION IS TO MAKE SDIRC THE BEST CHOICE FOR EDUCATION IN INDIAN RIVER COUNTY.THE INDIAN RIVER EDUCATION FUND WAS CREATED AT A MOMENT OF BOTH ACHIEVEMENT AND CHANGE FOR PUBLIC EDUCATION IN INDIAN RIVER COUNTY. AS THE DISTRICT HAS STRENGTHENED ITS PERFORMANCE, THE EDUCATIONAL LANDSCAPE HAS ALSO BECOME MORE COMPETITIVE, WITH FAMILIES HAVING MORE CHOICES THAN EVER BEFORE. THE FUND WAS ESTABLISHED TO HELP SUSTAIN DISTRICT MOMENTUM, SUPPORT INNOVATION, AND ALIGN PRIVATE-SECTOR INVESTMENT WITH DISTRICT PRIORITIES. TODAY, ITS STRATEGIC DIRECTION IS CENTERED ON TWO CORE FOCUS AREAS, LEADERSHIP AND INNOVATION, WITH THE GOAL OF ACCELERATING SCHOOL IMPROVEMENT AND IMPROVING STUDENT OUTCOMES.
DURING ITS FIRST FULL OPERATING YEAR, THE FUND DIRECTED PROGRAM INVESTMENTS THROUGH ITS LEADERSHIP AND INNOVATION FOCUS AREAS, WORKING IN CLOSE PARTNERSHIP WITH THE SCHOOL DISTRICT OF INDIAN RIVER...
DURING ITS FIRST FULL OPERATING YEAR, THE FUND DIRECTED PROGRAM INVESTMENTS THROUGH ITS LEADERSHIP AND INNOVATION FOCUS AREAS, WORKING IN CLOSE PARTNERSHIP WITH THE SCHOOL DISTRICT OF INDIAN RIVER COUNTY AND SUPERINTENDENT DR. DAVID MOORE.MAJOR PROGRAM ACTIVITIES INCLUDED: - CROSS-SECTOR LEADERSHIP INSTITUTE BRINGING TOGETHER LEADERS FROM AVIATION, EDUCATION, BANKING, AND LAW TO BUILD CROSS-SECTOR COLLABORATION, BOLSTER LEADERSHIP SKILLS, AND EXPOSE PARTICIPANTS TO DIFFERENT WAYS OF THINKING. - MATH EXPERTISE AT MIDDLE SCHOOLS SUPPORTING PROFESSIONAL LEARNING TO STRENGTHEN MIDDLE-SCHOOL MATH INSTRUCTION. - AI PILOT FUNDING A CLASSROOM PILOT OF AN AI-POWERED LEARNING ASSISTANT TO TEST THE IMPACT ON STUDENT OUTCOMES AND TEACHER PRODUCTIVITY. - STRATEGIC SCHOOL RE-DESIGN AND INNOVATION SUPPORTING THE DISTRICT'S EXPLORATION OF NEW SCHOOL MODELS THROUGH DESIGNED, A STRUCTURED DESIGN-AND-PROTOTYPE PROCESS FOR EDUCATORS, AND THE INNOVATION TASK FORCE CONVENING DISTRICT LEADERS TO ADDRESS PRIORITY CHALLENGES. - REGIONAL SCIENCE & ENGINEERING FAIR UNDERWRITING THE ANNUAL DISTRICT SCIENCE FAIR TO EXPAND ACCESS AND INCREASE STUDENT PARTICIPATION. - STEP INTO KINDERGARTEN ENSURING ALL STUDENTS START SCHOOL READY TO LEARNTHE FUND ALSO RECRUITED AND SEATED A FOUNDING BOARD OF DIRECTORS, COMPLETED ALL LEGAL AND ADMINISTRATIVE STEPS REQUIRED TO OPERATE AS A DSO AND FLORIDA NONPROFIT, AND ADOPTED A STRATEGIC APPROACH ALIGNED WITH DISTRICT PRIORITIES. IN PARTNERSHIP WITH THE DISTRICT, THE FUND WILL CONTINUE TO IDENTIFY AND ADVANCE PROGRAMS THAT DRIVE SUSTAINED SUCCESS AND MAKE SDIRC THE BEST CHOICE FOR K12 EDUCATION IN OUR COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $911,969 | $244,472 | +2.7% |
| Expenses | $813,084 | $21,195 | +37.4% |
| Net Income | $98,885 | $223,277 | -0.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WILLIAM PENNEY | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN CALCAGNO | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATT RUNDELS | VICE CHAIRMAN/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SAM BLOCK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAICA GERWEIN-MORETA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $911,969 | $813,084 | $322,162 | $98,885 |
| 2024 | $244,472 | $21,195 | $223,277 | $223,277 |
Compare THE INDIAN RIVER EDUCATION FUND with other nonprofits in Florida and across the country.