College is Real 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

2007

Legal Domicile

Principal Officer

Bradley Blake

Phone

9256836662

Tax Period

2024-07-01 to 2025-06-30

College is Real Inc, founded in 2007, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 8% surplus.

Mission

Our mission is to change the college-going culture in Richmonds high schools in order to uplift the community by having more of its students, who are mostly low-income people of color, attend and be the first in their families to graduate from college.

Program Service Accomplishments

Program 1

Expenses: $1,180,371

In 2024-2025, College Is Real, Inc. (CIR) served over 450 high school students at Richmond's three public high schools (Richmond, De Anza and Kennedy) in Richmond, CA. Students are admitted to the...

In 2024-2025, College Is Real, Inc. (CIR) served over 450 high school students at Richmond's three public high schools (Richmond, De Anza and Kennedy) in Richmond, CA. Students are admitted to the CIR program after submitting an application, having an interview with the program director and meeting certain academic criteria. CIR's objective is to have a 100% high school graduation rate and 90-100% of its members accepted to four-year colleges. CIR provides academic counseling, after-school tutoring and study hall throughout the school year. CIR pays for SAT and ACT testing registration and college applications for those students who don't otherwise have sufficient personal or government funding. CIR provides college tours for its students as well as site visits to local companies. CIR also organizes and sponsors various community service activities for its members in order to give them the opportunity to "Give Back" to the community while helping strengthen their college applications. CIR awards scholarships to its graduating seniors depending upon which university or college they are attending. The scholarships typically average $2,000 per student and are awarded at the annual awards night. CIR also provides merit scholarships to its alumni attending college. There is also a College Success Program that helps ensure an effective transition for the students into freshman year and to persevere through to college graduation.

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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 $1,526,700

Program Service Revenue $0

Investment Income $22,913

Other Revenue $-49,706

TOTAL REVENUE $1,499,907

Expense Breakdown

Grants Paid $624,898

Salaries & Benefits $499,446

Fundraising Expenses $63,144

Program Expenses $1,180,371

Other Expenses $254,428

TOTAL EXPENSES $1,378,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,499,907	$914,942	+0.6%
Expenses	$1,378,772	$858,858	+0.6%
Net Income	$121,135	$56,084	+1.2%

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

$212,750

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angelica Arriaga	Executive Dir.	40.00	Officer	$132,750	$0	$132,750
David Millstein	COO	40.00	Officer Director	$80,000	$0	$80,000
Bradley Blake	President	1.00	Officer Director	$0	$0	$0
Dan Book	Secy, Treasurer	1.00	Officer Director	$0	$0	$0
Susan Lopera Overton	Director	1.00	Director	$0	$0	$0
Destiney Norsouvanh	Director	1.00	Director	$0	$0	$0
Tank Williams	Director	1.00	Director	$0	$0	$0
Samantha Suriano	Director	1.00	Director	$0	$0	$0
Omar Butler	Director	1.00	Director	$0	$0	$0
Rodrigo Corona Flores	Director	1.00	Director	$0	$0	$0
Peter Waldron	Director	1.00	Director	$0	$0	$0
Eric Tuckness	Director	1.00	Director	$0	$0	$0
Robert Telles	Director	1.00	Director	$0	$0	$0
Linda Song Wendel	Director	1.00	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
2025	$1,499,907	$1,378,772	$1,248,448	$121,135
2024	$914,942	$858,858	$1,133,194	$56,084
2023	$1,063,974	$652,204	$1,101,921	$411,770
2022	$775,622	$540,143	$687,167	$235,479
2021	$528,945	$496,751	$330,379	$32,194
2020	$426,846	$339,253	$348,002	$87,593
2019	$412,990	$539,850	$210,592	$-126,860
2018	$486,583	$505,369	$327,567	$-18,786