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Education · 2023 Form 990

Intermediaryed: $240.7M Revenue, $220.0M Expenses

Mount Vernon, Iowa · EIN 420841485 · Filing year 2023

Intermediaryed reported $240.7M in total revenue, $220.0M in total expenses, and $298.1M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $3.7M (1.53% of revenue). NonprofitTruth efficiency grade: B (71/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
B
Efficiency Score
71/100

Key Facts (2023 Form 990)

Total Revenue
$240.7M
Total Expenses
$220.0M
Total Assets
$298.1M
Reserve Months
16.3 months
Surplus / (Deficit)
$20.7M
EIN
420841485
Latest 990 Year
2023
Current-Officer Compensation
$3.7M
Officer Comp % of Revenue
1.53%

Intermediaryed grades a B on the NonprofitTruth efficiency rubric. 71/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.

Intermediaryed is a large nonprofit by U.S. standards: $240.7M in 2023 revenue against $220.0M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Financial health is a strength: Intermediaryed carries a healthy operating-reserve cushion against $220.0M in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.

Five-year revenue trend is mildly negative: a modest decline that could reflect grant-cycle timing, donor turnover, or program wind-down. Worth checking against the program-spending pattern to see whether the decline is structural. Officer compensation is modest relative to organizational size: Intermediaryed reports $3.7M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $240.7M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Intermediaryed sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.


$240.7M
Revenue
$220.0M
Expenses
$298.1M
Total Assets
$3.7M
Officer Compensation

How Intermediaryed Compares

Intermediaryed earns a NonprofitTruth efficiency grade of B (71/100). That is 7 points above the Education category average. Compensation for current officers and key employees represents 1.53% of total revenue. The organization holds 16.3 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$220.0M
Total Expenses
Filing year 2023
$3.7M
Officer Compensation
1.53% of revenue
16.3 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Intermediaryed reported $240.7M in revenue against $220.0M in total functional expenses for filing year 2023, holding roughly 16.3 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $3.7M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 1.53% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Intermediaryed has a NonprofitTruth Efficiency Score of B (71/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Intermediaryed, Donor FAQ

Intermediaryed has a NonprofitTruth Efficiency Score of B (71/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Intermediaryed reports $3.7M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 1.53% of the organization's $240.7M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Intermediaryed reported $240.7M in annual revenue and $220.0M in total expenses for filing year 2023. The organization holds $298.1M in total assets.

Intermediaryed holds approximately 16.3 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.

Intermediaryed is a registered 501(c) organization with EIN 420841485, based in Mount Vernon, Iowa. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.