PHILADELPHIA COLLEGE OPPORTUNITY R… - Form 990 Financial Data

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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

MICHAEL TUCKER

Phone

2677649880

Tax Period

2025-01-01 to 2025-12-31

PHILADELPHIA COLLEGE OPPORTUNITY RESOURCES FOR EDUCATION, founded in 2003, is a small nonprofit in the Education sector that reported $238K in total revenue in fiscal year 2025. Expenses of $266K exceeded revenue, resulting in a 12% operating deficit.

Mission

PHILADELPHIA COLLEGE OPPORTUNITY RESOURCES FOR EDUCATION ("CORE") IS A NONPROFIT CORPORATION FOUNDED IN PHILADELPHIA, PA IN 2003. CORE WAS ORGANIZED TO PROVIDE FINANCIAL SCHOLARSHIPS AND COLLEGE PREP ASSISTANCE TO HIGH SCHOOL STUDENTS. CORE SCHOLARSHIPS ARE ONLY APPLICABLE TO STUDENTS WHO RESIDE IN PHILADELPHIA. CORE IS A NONPROFIT INITIATIVE DESIGNED TO UNITE COMMUNITIES AROUND THE GOAL OF ENSURING THAT ALL CHILDREN HAVE ACCESS TO COLLEGE. CORE'S PREMIER PROGRAM, THE RISE FINANCIAL LITERACY SCHOLARSHIP PROGRAM, IS A FIRST-OF-ITS-KIND PROGRAM THAT OFFERS ALL HIGH SCHOOL SENIORS - WHETHER FROM PUBLIC, PRIVATE CHARTER OR PAROCHIAL SYSTEMS - IN PHILADELPHIA A UNIQUE OPPORTUNITY TO ATTEND ACCREDITED COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY. CORE ISSUES AWARDS BASED ON THE AMOUNT OF DOLLARS AVAILABLE FOR SCHOLARSHIPS. CORE IS PRIMARILY SUPPORTED BY A CHARITABLE TRUST AND GRANTS FROM FEDERAL ENTITIES.

Program Service Accomplishments

Program 1

Expenses: $77,500

CORE PROVIDE COLLEGE SCHOLARSHIP AWARDS TO PHILADELPHIA HIGH SCHOOL STUDENTS WHO ARE ENROLLED FULL TIME AS A GRADUATING HIGH SCHOOL SENIOR, AND STUDENTS ATTENDING A PHILADELPHIA 2 OR 4-YEAR COLLEGE, UNIVERSITY, OR TRADE SCHOOL; ALSO PROVIDED A STEADY FLOW OF COLLEGE PREP RESOURCE INFORMATION AND IMPORTANT FINANCIAL AID/COLLEGE APPLICATION DEADLINE ANNOUNCEMENTS TARGETED TO GRADUATING HIGH SCHOOL SENIORS AND COLLEGE STUDENTS. THE RISE FINANCIAL SCHOLARSHIP PROGRAM IS OPEN TO ALL PHILADELPHIA RESIDENT PUBLIC, PRIVATE, CHARTER, OR PAROCHIAL SCHOOL STUDENTS. THE SCHOLARSHIP RECEIPIENTS ARE AWARDED THE RISE FINANCIAL LITERACY SCHOLARSHIP'S AMOUNT AFTER THEIR RISE APPLICATION IS COMPLETE AND APPROVED BY CORE. VERIFICATION/CONFIRMATION OF FULL TIME ATTENDANCE AT AN EDUCATIONAL INSTITUTION IS PROVIDED BY THE EDUCATION INSTITUION'S FINANCIAL AID OFFICE. THE AWARD CHECK IS SENT DIRECTLY TO THE EDUCATION INSTITUTION ON THE STUDENT'S BEHALF. THE EDUCATION INSTITUTION THEN APPLIES THE SCHOLARSHIP TO THE STUDENT'S ACCOUNT BALANCE. NO SCHOLARSHIP AWARD CHECKS ARE GIVEN TO STUDENTS DIRECTLY. ALL CHECKS GO DIRECTLY TO THE INSTITUTIONS THEMSELVES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $237,942

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $237,942

Expense Breakdown

Grants Paid $77,500

Salaries & Benefits $134,875

Fundraising Expenses $0

Program Expenses $223,067

Other Expenses $54,055

TOTAL EXPENSES $266,430

Year-over-Year Comparison

	2025	2024	Change
Revenue	$237,942	$243,146	0.0%
Expenses	$266,430	$253,854	+0.0%
Net Income	$-28,488	$-10,708	+1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TUCKER	PRESIDENT	4.00	Officer Director	$0	$0	$0
DONYALE REAVIS	DIRECTOR	2.00	Director	$0	$0	$0
NAOMI NELSON	EXECUTIVE DI	20.00	Officer	$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	$237,942	$266,430	$6,191,074	$-28,488
2024	No data	No data	No data	No data
2023	$247,336	$215,187	$5,387,519	$32,149
2022	$232,915	$233,566	$4,951,264	$-651
2021	$390,923	$246,758	$5,821,484	$144,165
2020	$44,624	$222,067	$5,421,678	$-177,443
2019	$349,164	$127,783	$5,477,018	$221,381
2018	$401,751	$381,717	$4,773,773	$20,034

PHILADELPHIA COLLEGE OPPORTUNITY RESOURCES FOR EDUCATION