REACHING OUT MBA INC

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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

2003

Legal Domicile

Principal Officer

KARYN SKULTETY

Phone

6464991436

Tax Period

2024-01-01 to 2024-12-31

REACHING OUT MBA INC, founded in 2003, is a community nonprofit in the Civil Rights & Advocacy sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $2.7M exceeded revenue, resulting in a 23% operating deficit.

Mission

REACHING OUT MBA, INC. FOCUSES ON EDUCATING, INSPIRING, AND CONNECTING THE STUDENT AND ALUMNI LGBTQ MBA AND GRADUATE COMMUNITIES IN AN ONGOING EFFORT TO CREATE THE NEXT GENERATION OF OUT BUSINESS LEADERS.

Program Service Accomplishments

Program 1

Expenses: $2,084,997 Revenue: $604,438

REACHING OUT MBA'S MISSION IS TO INCREASE THE INFLUENCE OF THE LGBTQ COMMUNITY IN BUSINESS BY EDUCATING, INSPIRING, AND CONNECTING MBA STUDENTS AND ALUMNI. EACH YEAR ROMBA HOLDS AN ANNUAL CONFERENCE, RUNS A FELLOWSHIP PROGRAM, HOLDS AN OUT WOMEN IN BUSINESS CONFERENCE FOR LGBTQ WOMEN AND HOLDS AN ANNUAL LGBTQ MBA CLUB LEADERSHIP SUMMIT.

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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 $1,073,157

Program Service Revenue $1,035,046

Investment Income $84,611

Other Revenue $8,560

TOTAL REVENUE $2,201,374

Expense Breakdown

Grants Paid $18,250

Salaries & Benefits $725,861

Fundraising Expenses $259,052

Program Expenses $2,084,997

Other Expenses $1,967,931

TOTAL EXPENSES $2,712,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,201,374	$1,396,208	+0.6%
Expenses	$2,712,042	$1,800,941	+0.5%
Net Income	$-510,668	$-404,733	+0.3%

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

N/A

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

$300,709

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARYN SKULTETY	EXECUTIVE DIRECTOR	40.00	Officer	$71,876	$0	$71,876
MICHAEL A CURRIE	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$223,039	$5,794	$228,833
DEMETRI ALEXANDER MOSHOYANNIS	DIRECTOR OF DEVELOPMENT	40.00	Highest	$142,464	$3,484	$145,948
LIZ ZALE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JARED RIEGER	TREASURER	5.00	Officer Director	$0	$0	$0
JEVAN SOO LENOX	SECRETARY	5.00	Officer Director	$0	$0	$0
JOAQUIN AVINO	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
NIKKI FERSZT	BOARD MEMBER	2.00	Director	$0	$0	$0
CARRIE FLYNN	BOARD MEMBER	2.00	Director	$0	$0	$0
ANITA COHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
BOON LAI	BOARD MEMBER	2.00	Director	$0	$0	$0
BECK BAILEY	BOARD MEMBER	2.00	Director	$0	$0	$0
MONNE WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
LUZERNE MCALLISTER II	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMIE HERRELL	BOARD MEMBER	2.00	Director	$0	$0	$0
JACKIE WONG	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF SHAH	BOARD 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
2024	$2,201,374	$2,712,042	$3,010,421	$-510,668
2023	$2,428,229	$2,145,495	$4,015,507	$282,734
2023	$1,396,208	$1,800,941	$3,255,119	$-404,733
2022	$1,797,651	$1,335,477	$3,312,419	$462,174
2021	$1,803,628	$852,235	$3,101,395	$951,393
2020	$1,814,312	$1,402,840	$1,923,803	$411,472
2019	$1,982,462	$1,325,371	$1,500,241	$657,091