COLLEGE READY PROMISE THE (EIN 270869586) - 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

2009

Legal Domicile

Principal Officer

ELISE DARWISH

Phone

5104078673

Tax Period

2020-07-01 to 2021-06-30

COLLEGE READY PROMISE THE, founded in 2009, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2020. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $2.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO INCREASE COLLEGE-READY GRADUATION RATES THROUGH EFFECTIVE TEACHING AND SERVING 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 (2020)

Revenue Breakdown

Contributions & Grants $1,406,200

Program Service Revenue $108,038

Investment Income $25

Other Revenue $177,202

TOTAL REVENUE $1,691,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,341,222

Fundraising Expenses $0

Program Expenses $1,614,590

Other Expenses $715,958

TOTAL EXPENSES $2,057,180

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,691,465	$1,095,300	+0.5%
Expenses	$2,057,180	$2,122,138	0.0%
Net Income	$-365,715	$-1,026,838	-0.6%

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

$347,571

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELISE DARWISH	CEO	40.00	Officer	$204,816	$29,184	$234,000
TANYA LEWIS	DIRECTOR OF FINANCE	40.00	Officer	$112,071	$1,500	$113,571
LEIGH MINGLE	SENIOR DIRECTOR	40.00	Highest	$101,994	$12,720	$114,714
KATHERINE HAMILTON	DIRECTOR	40.00	Highest	$64,576	$19,500	$84,076
BETH HUNKAPILLER	TREASURER	1.00	Officer Director	$0	$0	$0
PABLO MEJIA	BOARD MEMBER	1.00	Director	$0	$0	$0
ADEOLA WHITNEY	SECRETARY	1.00	Officer Director	$0	$0	$0
SIMMONS LETTRE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIA HEREDIA	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX POLANER	BOARD MEMBER	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
2021	$1,691,465	$2,057,180	$771,184	$-365,715
2020	$1,095,300	$2,122,138	$1,188,631	$-1,026,838
2019	$1,975,542	$1,538,687	$2,021,771	$436,855

COLLEGE READY PROMISE THE