AVENUE SCHOLARS (EIN 261545078) - Form 990 Financial Analysis & Trantor Score

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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

MIKE ALVANO

Phone

4029169777

Tax Period

2023-09-01 to 2024-08-31

AVENUE SCHOLARS, founded in 2007, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $5.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE AN AVENUE OF SUCCESS FOR NEBRASKA AND IOWA AREA STUDENTS OF TALENT AND NEED BY OFFERING COMPREHENSIVE SUPPORT FROM HIGH SCHOOL THROUGH COMMUNITY COLLEGE OR ENTRY INTO THE WORKFORCE LEADING TO ENHANCED LIVES AND CAREERS.

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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 $4,275,260

Program Service Revenue $0

Investment Income $87,797

Other Revenue $79,896

TOTAL REVENUE $4,442,953

Expense Breakdown

Grants Paid $76,075

Salaries & Benefits $3,525,569

Fundraising Expenses $0

Program Expenses $3,839,912

Other Expenses $1,525,058

TOTAL EXPENSES $5,126,702

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,442,953	$5,049,542	-0.1%
Expenses	$5,126,702	$4,996,166	+0.0%
Net Income	$-683,749	$53,376	-13.8%

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

$858,540

Total Directors

$547,984

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE WEITZ	DIRECTOR	0.00	Director	$0	$0	$0
JEFF SCHMID	DIRECTOR (RESIGNED IN SEPT 2024)	0.00	Director	$0	$0	$0
CALVIN SISSON	DIRECTOR	0.00	Director	$0	$0	$0
KEN BIRD	CEO	40.00	Officer Director	$474,722	$73,262	$547,984
SUSIE BUFFETT	CHAIRMAN	0.00	Officer Director	$0	$0	$0
MICHAEL ALVANO	TREASURER	4.00	Officer	$0	$59,780	$310,556
LINDSAY DECKER	PRESIDENT/COO	40.00	Officer	$0	$0	$0
LISA STERBA	DIRECTOR OF CAREER PROGRAMS AND BUSINESS OUTREACH	40.00	Highest	$137,800	$40,543	$178,343
KRISTOPHER VALENTINE	SR DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$126,581	$38,393	$164,974

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	No data	No data	No data	No data
2024	$4,442,953	$5,126,702	$2,697,157	$-683,749
2023	$5,049,542	$4,996,166	$2,844,840	$53,376
2022	$4,937,256	$5,321,023	$2,155,096	$-383,767
2021	$5,648,323	$5,120,689	$3,334,336	$527,634
2020	$5,152,520	$4,692,678	$2,776,624	$459,842
2019	$3,814,416	$4,518,618	$1,594,855	$-704,202
2018	$5,128,917	$4,504,786	$2,311,244	$624,131

AVENUE SCHOLARS