NATIONAL ASSOCIATION OF STATE DIRECTORS OF MIGRANT EDUCATION
Mission Statement
THE CHARITABLE AND EDUCATIONAL PURPOSE OF THE ASSOCIATION SHALL BE TO EFFECT LEADERSHIP, PROMOTE POLICIES, AND FOSTER THE HIGHEST STANDARDS OF PROFESSIONALISM AMONG ITS MEMBERSHIP IN PURSUIT OF HIGH QUALITY AND COMPREHENSIVE EDUCATIONAL AND SUPPORTIVE PROGRAMS FOR MIGRATORY CHILDREN PLANNED AND DELIVERED IN A COORDINATED AND EFFICIENT MANNER, INCLUDING PROGRAMS TO HELP MIGRATORY CHILDREN OVERCOME EDUCATIONAL DISRUPTION, CULTURAL AND LANGUAGE BARRIERS, SOCIAL ISOLATION, VARIOUS HEALTH-RELATED PROBLEMS, AND OTHER FACTORS THAT INHIBIT THE ABILITY OF SUCH CHILDREN TO DO WELL IN SCHOOL AND TO PREPARE SUCH CHILDREN TO MAKE A SUCCESSFUL TRANSITION TO POST-SECONDARY EDUCATION OR EMPLOYMENT.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.9% | 88.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.1% | 8.8% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.7 mo | 9.7 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
12.2% | 0.5% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
98.9% | 90.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
29.8% | 8.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
13.8% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
11.6% | 2.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $672K | $594K | $383K | 88.9% | 0 |
| 2022 | $518K | $522K | $279K | 92.0% | 0 |
| 2021 | $434K | $302K | N/A | — | 0 |
| 2020 | $223K | $281K | N/A | — | 0 |
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