DESTINATION COLLEGE

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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

1994

Legal Domicile

Principal Officer

RICHARD L RUGANI

Phone

9149607158

Tax Period

2024-07-01 to 2025-06-30

DESTINATION COLLEGE, founded in 1994, is a small nonprofit in the Human Services sector that reported $504K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104K, a strong 21% operating margin.

Mission

TO FACILITATE COLLEGE READINESS FOR ECONOMICALLY DISADVANTAGED STUDENT ATHLETES THROUGH PERSISTENT MENTORING AND ACADEMIC TUTORING, TO ASSIST WITH ALL ASPECTS OF THE COLLEGE ADMISSIONS AND 1 FINANCIAL AID PROCESS, AND TO SUPPORT OUR STUDENTS TOWARDS A SUCCESSFUL COMPLETION OF COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $265,299

DESTINATION: COLLEGE PROGRAMS SUPPORT 150 HIGH SCHOOL STUDENT ATHLETES IN THE MOUNT VERNON CITY SCHOOL DISTRICT IN MOUNT VERNON, NY, WEEKLY READING GROUPS, ACADEMIC TUTORING, SAT CLASSES, COLLEGE AND FINANCIAL AID APPLICATION ASSISTANCE. THE PROGRAMS ADDITIONALLY PROVIDE COLLEGE RETENTION SUPPORT, MENTORING AND SCHOLARSHIPS TO 140 COLLEGE STUDENTS.

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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 $437,668

Program Service Revenue $0

Investment Income $34,860

Other Revenue $31,381

TOTAL REVENUE $503,909

Expense Breakdown

Grants Paid $36,500

Salaries & Benefits $190,943

Fundraising Expenses $52,282

Program Expenses $265,299

Other Expenses $172,681

TOTAL EXPENSES $400,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$503,909	$386,419	+0.3%
Expenses	$400,124	$409,577	0.0%
Net Income	$103,785	$-23,158	-5.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
NANCY F MCKENNA	CHAIR	20.00	Officer Director	$0	$0	$0
ANN W JACKSON	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD L RUGANI	TREASURER	10.00	Officer Director	$0	$0	$0
JOAN HENLE	BOARD MEMBER	0.50	Director	$0	$0	$0
MAUREEN BARTON	SECRETARY	15.00	Officer Director	$0	$0	$0
RONNIE COX	BOARD MEMBER	0.50	Director	$0	$0	$0
EMILY KIRSCHENBAUM	VICE CHAIR	3.00	Officer Director	$0	$0	$0
VERA KIERNAN	BOARD MEMBER	0.50	Director	$0	$0	$0
TRACY MCVEY	VICE CHAIR	15.00	Officer Director	$0	$0	$0
HEIDI PAUL	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS COONEY	BOARD MEMBER	0.50	Director	$0	$0	$0
CLAYTON POPE	BOARD MEMBER	0.50	Director	$0	$0	$0
JESSICA BENJAMINROT ON 1124	BOARD MEMBER	0.50	Director	$0	$0	$0
ARTHUR GOSNELLROT ON 1124	BOARD MEMBER	0.50	Director	$0	$0	$0
BARBARA MCGRAWROT ON 724	BOARD MEMBER	0.50	Director	$0	$0	$0
DWAYNE MURRAYROT OFF 525	BOARD MEMBER	0.50	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
2025	$503,909	$400,124	$1,232,903	$103,785
2024	$386,419	$409,577	$1,074,100	$-23,158
2023	$287,604	$323,147	$1,087,549	$-35,543
2022	$573,970	$292,844	$1,111,878	$281,126
2021	$302,810	$211,913	$845,421	$90,897
2020	$246,273	$165,195	$778,896	$81,078
2019	$593,689	$160,694	$662,144	$432,995