THE OLIVER SCHOLARS PROGRAM 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

1984

Legal Domicile

Principal Officer

DR DANIELLE R MOSS-COX

Phone

2124305980

Tax Period

2023-01-01 to 2023-12-31

THE OLIVER SCHOLARS PROGRAM INC, founded in 1984, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $4.8M exceeded revenue, resulting in a 94% operating deficit.

Mission

OLIVER SCHOLARS PREPARES HIGH-ACHIEVING BLACK AND LATINO STUDENTS FROM UNDERSERVED NEW YORK CITY COMMUNITIES FOR SUCCESS AT TOP INDEPENDENT SCHOOLS AND PRESTIGIOUS COLLEGES. WE PROVIDE CRUCIAL SUPPORT FOR OUR SCHOLARS SO THEY CAN REALIZE THEIR FULL POTENTIAL AND ULTIMATELY GIVE BACK TO THE CITY, THE NATION, AND THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $1,279,182

SCHOLAR IMMERSION PROGRAM: THE SCHOLAR IMMERSION PROGRAM, ALSO KNOWN AS SIP, IS A 14-MONTH ACADEMIC AND SOCIAL ENRICHMENT PROGRAM INTENDED TO GIVE STUDENTS THE ACADEMIC, STUDY, AND SOCIAL SKILLS THEY WILL NEED TO BE SUCCESSFUL AT RIGOROUS HIGH SCHOOLS. STUDENTS ATTEND THE PROGRAM FOR TWO 6-WEEK SUMMER SESSIONS AND A YEAR OF SATURDAY CLASSES. THE SUMMER PROGRAM INCLUDES ONE-WEEK OF RESIDENTIAL PROGRAMMING AT A PARTNER BOARDING SCHOOL TO GIVE STUDENTS EXPOSURE TO THAT EXPERIENCE AND TO DEEPEN CONNECTIONS ACROSS THEIR COHORTS.

Program 2

Expenses: $1,099,000

SCHOLAR SERVICES: ONCE OUR SCHOLARS MATRICULATE AT COMPETITIVE HIGH SCHOOLS, THEY CONTINUE TO RECEIVE SUPPORT FROM THE OLIVER SCHOLARS SCHOLAR SERVICES TEAM. EVERY SCHOLAR ATTENDING AN INDEPENDENT...

SCHOLAR SERVICES: ONCE OUR SCHOLARS MATRICULATE AT COMPETITIVE HIGH SCHOOLS, THEY CONTINUE TO RECEIVE SUPPORT FROM THE OLIVER SCHOLARS SCHOLAR SERVICES TEAM. EVERY SCHOLAR ATTENDING AN INDEPENDENT BOARDING SCHOOL RECEIVES 1-2 ON-CAMPUS VISITS FROM A MEMBER OF OUR TEAM. WE MONITOR HOW STUDENTS ARE ADJUSTING ACADEMICALLY AND SOCIALLY AND MEET WITH SCHOOL OFFICIALS TO ENSURE THAT STUDENTS HAVE THE SUPPORT THEY NEED TO THRIVE. OUR PUBLIC HIGH SCHOOL SCHOLARS ATTEND PROGRAMMING ONCE A MONTH TO STAY CONNECTED AND RECEIVE THE SAME ACADEMIC AND SOCIAL SUPPORT AS THEIR INDEPENDENT SCHOOL COHORTS. SIGNATURE ACTIVITIES INCLUDE AN ANNUAL COMMUNITY SERVICE DAY AND OUR ANNUAL STUDENT CONFERENCE, IN OUR OWN VOICES. ADDITIONALLY, OUR HIGH SCHOOL STUDENTS AND THEIR FAMILIES RECEIVE ONGOING COLLEGE COUNSELING, COLLEGE VISITS, COLLEGE ESSAY REVIEWS, AND FINANCIAL AID GUIDANCE. AND WE CONTINUE TO SUPPORT THEM VIA ACCESS TO INTERNSHIPS AND MENTORS ONCE THEY MATRICULATE AT COLLEGE - WHERE WE CONTINUE TO PROVIDE FINANCIAL AID AND TRANSFER SUPPORT.

Program 3

Expenses: $1,083,424

ADMISSIONS & PLACEMENT: OUR ADMISSIONS AND PLACEMENT PROGRAM IS FOCUSED ON DEVELOPING TRUSTING RELATIONSHIPS WITH MIDDLE SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS ACROSS THE FIVE BOROUGHS OF NEW YORK CITY TO IDENTIFY HIGH-ACHIEVING BLACK AND LATINX 7TH GRADERS FOR PARTICIPATION IN THE OLIVER SCHOLARS PROGRAM. WE HOST ADMISSIONS INFORMATION SESSIONS ACROSS THE CITY TO EDUCATE FAMILIES ABOUT THE EDUCATION OPTIONS AVAILABLE TO THEIR HIGH POTENTIAL STUDENTS. ONCE ADMITTED, THESE STUDENTS HAVE ACCESS TO OUR SIGNATURE SCHOLAR IMMERSION PROGRAM AND HIGH SCHOOL APPLICATION SUPPORT FROM OUR PLACEMENT TEAM FOR INDEPENDENT DAY, BOARDING SCHOOLS AND COMPETITIVE PUBLIC HIGH SCHOOLS. THE PLACEMENT TEAM DEVELOPS STRONG PARTNERSHIP RELATIONSHIPS WITH OUR INDEPENDENT CONSORTIUM SCHOOLS IN THE CITY AND ACROSS THE COUNTRY TO ENSURE OUR SCHOLARS HAVE THE SUPPORT AND FINACIAL AID THEY NEED TO SUCCEED IN HIGH SCHOOL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,726,072

Program Service Revenue $0

Investment Income $869,280

Other Revenue $-101,145

TOTAL REVENUE $2,494,207

Expense Breakdown

Grants Paid $6,750

Salaries & Benefits $2,948,989

Fundraising Expenses $598,250

Program Expenses $3,675,164

Other Expenses $1,883,877

TOTAL EXPENSES $4,839,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,494,207	$1,759,893	+0.4%
Expenses	$4,839,616	$4,383,111	+0.1%
Net Income	$-2,345,409	$-2,623,218	-0.1%

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

107

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

$364,768

Total Directors

Key Employees

$189,424

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOROTHEA SCHLOSSER	CHAIR	2.00	Officer Director	$0	$0	$0
LOUISA TROUBH	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KEITH CANTON	SECRETARY	2.00	Officer Director	$0	$0	$0
GUSTAVO SCHWED	TREASURER	2.00	Officer Director	$0	$0	$0
TERRY-ANN BURRELL	TRUSTEE	0.50	Director	$0	$0	$0
NICHOLAS DOERING-DORIVAL	TRUSTEE	0.50	Director	$0	$0	$0
ERIC EPSTEIN	TRUSTEE	0.50	Director	$0	$0	$0
JONATHAN FOX	TRUSTEE	0.50	Director	$0	$0	$0
DIVKAR GUPTA	TRUSTEE	0.50	Director	$0	$0	$0
JAKY JOSEPH	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL KESSLER	TRUSTEE	0.50	Director	$0	$0	$0
DON LEMON	TRUSTEE	0.50	Director	$0	$0	$0
DR LISA LONG	TRUSTEE	0.50	Director	$0	$0	$0
ADRIAN MILLAN	TRUSTEE	0.50	Director	$0	$0	$0
VICTOR NUNEZ	TRUSTEE	0.50	Director	$0	$0	$0
RAINA OBEROI	TRUSTEE	0.50	Director	$0	$0	$0
EDWARD OLANOW	TRUSTEE	0.50	Director	$0	$0	$0
YVONNE QUINN	TRUSTEE	0.50	Director	$0	$0	$0
SHIRLEY RUMIERK	TRUSTEE	0.50	Director	$0	$0	$0
BASIL SMIKLE	TRUSTEE	0.50	Director	$0	$0	$0
DR DANIELLE R MOSS-COX	CEO	35.00	Officer	$294,959	$69,809	$364,768
GABRIELLE GILLIAM	CHIEF DEVELOPMENT OFFICER	35.00	Key Emp	$159,911	$29,513	$189,424
DR DEIDRE FRANKLIN CHIEF	PROGRAM & EQUITY OFFICER	35.00	Highest	$151,067	$12,873	$163,940
SHARON STURRUP	CHIEF OPERATIONS OFFICER	35.00	Highest	$113,868	$31,888	$145,756
MARK HALL - CHIEF ENROLLMENT	AND ACADEMIC OFFICER	35.00	Highest	$144,938	$13,472	$158,410

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	No data	No data	No data	No data
2023	$2,494,207	$4,839,616	$26,867,473	$-2,345,409
2022	$1,759,893	$4,383,111	$22,138,534	$-2,623,218
2021	$2,650,152	$3,864,202	$28,523,778	$-1,214,050
2020	$1,576,794	$3,937,322	$28,710,587	$-2,360,528
2019	$1,685,141	$3,930,304	$29,213,700	$-2,245,163
2018	$1,738,903	$4,071,423	$27,599,502	$-2,332,520