COWDEN STREET COLLABORATIVE 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

2009

Legal Domicile

Principal Officer

ANGELO GARCIA EXECUTIVE DIRECTOR

Phone

4017210964

Tax Period

2023-07-01 to 2024-06-30

COWDEN STREET COLLABORATIVE INC, founded in 2009, is a community nonprofit in the Education sector that reported $9.4M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $8.6M left a modest 9% surplus.

Mission

TO FOSTER A COMMUNITY WHERE STUDENTS TAKE OWNERSHIP OF THEIR EDUCATION. SEGUE SCHOLARS RECEIVE A RIGOROUS ACADEMIC EXPERIENCE THAT PREPARES THEM TO EXCEL IN THE HIGH SCHOOL AND EVENTUAL COLLEGE SETTING OF THEIR CHOICE. AT SEGUE, THEY BELIEVE THAT ALL OF THE STUDENTS ARE AT PROMISE, VERSUS BEING LABELED AT RISK. SEGUE INSTITUTE FOR LEARNING IS A SAFE AND NURTURING ENVIRONMENT WHICH PROMOTES DIVERSITY, ENCOURAGES INDIVIDUAL GROWTH AND ALLOWS STUDENTS TO VIEW THEMSELVES AS CITIZENS OF CHANGE IN THEIR HOMES AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $6,541,962 Revenue: $6,541,962

RHODE ISLAND CHARTER SCHOOL WITH APPROXIMATELY 320 STUDENTS COMPLETING GRADES KINDERGARTEN, 1, 3, 4, 5, 6, 7 AND 8. (GRADE 2 WILL BE ADDED IN FISCAL YEAR 2024.

Program 2

Expenses: $718,876 Revenue: $0

THE SCHOOL HAS A LICENSED FOOD BANK WHICH IS RUN BY PARENT-VOLUNTEERS OF THE SCHOOL FOR THE BENEFIT OF THE PUBLIC. ADDITIONALLY, THE SCHOOL RECEIVED GRANTS TO PROVIDE ASSISTANCE TO FAMILIES IN NEED...

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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 $2,958,282

Program Service Revenue $6,395,784

Investment Income $97,736

Other Revenue $-16,545

TOTAL REVENUE $9,435,257

Expense Breakdown

Grants Paid $12,849

Salaries & Benefits $5,733,131

Fundraising Expenses $72,629

Program Expenses $7,260,838

Other Expenses $2,861,297

TOTAL EXPENSES $8,628,927

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,435,257	$7,168,040	+0.3%
Expenses	$8,628,927	$6,235,679	+0.4%
Net Income	$806,330	$932,361	-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

100

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

$350,832

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELO GARCIA	FOUNDER & EXECUTIVE DIRECTOR	50.00	Officer	$230,273	$8,269	$238,542
ANN MANOCCHIO	DIRECTOR OF FINANCE & OPERATIONS	45.00	Officer	$107,518	$4,772	$112,290
MELISSA LOURENCO	DIRECTOR OF ACADEMICS	45.00	Highest	$136,069	$26,586	$162,655
KIERAN AYTON	DIRECTOR	1.00	Director	$0	$0	$0
HUASCAR BEATO	DIRECTOR	1.00	Director	$0	$0	$0
WANDA CASIANO	DIRECTOR	1.00	Director	$0	$0	$0
NORELYS CONSUEGRA	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA FLANAGAN	DIRECTOR	1.00	Director	$0	$0	$0
INGRID FRANCO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HINCAPIE	DIRECTOR	1.00	Director	$0	$0	$0
NAVIK PATEL	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN SCHECHTMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIMI TSIANE	DIRECTOR	1.25	Officer Director	$0	$0	$0
LEE LEWIS	CHAIR & FIN. COMM. MEMBER thru May 2024	2.00	Officer Director	$0	$0	$0
ALEJANDRO RESTREPO	INTERIM CHAIR start June 2024	2.00	Officer Director	$0	$0	$0
JESSIE RENIERE	TREAS. & FIN. COMM. CHAIR thru March 2024	1.25	Officer Director	$0	$0	$0
NAVIK PATEL	TREAS. & FIN. COMM. CHAIR start May 2024	1.25	Officer 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	No data	No data	No data	No data
2024	$9,435,257	$8,628,927	$7,596,812	$806,330
2023	$7,168,040	$6,235,679	$6,815,523	$932,361
2022	$6,145,321	$5,185,995	$5,624,831	$959,326
2021	$5,434,663	$4,749,107	$4,626,852	$685,556
2020	$4,336,786	$3,808,239	$3,935,710	$528,547
2019	$4,310,106	$3,913,806	$3,447,115	$396,300