Collegespring 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

Yoon Choi

Phone

7076412376

Tax Period

2024-07-01 to 2025-06-30

Collegespring Inc, founded in 2009, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $562K, a strong 17% operating margin.

Mission

In partnership with educators, CollegeSpring helps students impacted by poverty demonstrate their full potential on college and career readiness assessments that unlock better opportunities after high school. Our vision is that every student, regardless of race or income, has the knowledge, skills, and motivation to overcome barriers in the pursuit of their postsecondary aspirations.

Program Service Accomplishments

Program 1

Expenses: $1,428,374 Revenue: $276,688

CollegeSpring equips students impacted by poverty with the academic skills and confidence to access postsecondary pathways, including college, career, and military. By improving performance on the...

CollegeSpring equips students impacted by poverty with the academic skills and confidence to access postsecondary pathways, including college, career, and military. By improving performance on the SAT, ACT, and TSIA2, we help students meet benchmarks that unlock scholarships, credit-bearing coursework, and greater opportunity. CollegeSpring has served more than 100,000 students nationwide since 2008, including 26,000 students across 12 states in FY25.

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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 $2,927,513

Program Service Revenue $276,688

Investment Income $55,559

Other Revenue $0

TOTAL REVENUE $3,259,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,145,706

Fundraising Expenses $629,227

Program Expenses $1,428,374

Other Expenses $552,366

TOTAL EXPENSES $2,698,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,259,760	$2,624,939	+0.2%
Expenses	$2,698,072	$3,196,529	-0.2%
Net Income	$561,688	$-571,590	-2.0%

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

$755,622

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Yoon Choi	CEO	40.00	Officer	$246,599	$42,643	$289,242
Paula Gama Garcia	President	40.00	Officer	$192,608	$49,118	$241,726
Arely Benavides	COO	40.00	Officer	$192,881	$31,773	$224,654
Jennifer Daley	Mg. Dir of Product	40.00		$106,285	$32,140	$138,425
Claire Hicks	Dir of Development	40.00		$101,001	$16,090	$117,091
Susan Goss Brown Chair	Director	1.00	Officer Director	$0	$0	$0
Joel Jones Fin Chair	Director	1.00	Officer Director	$0	$0	$0
Aaron Lemon-Strauss Audit Chr	Director	1.00	Director	$0	$0	$0
Alexander Farman-Farmaian	Director	1.00	Director	$0	$0	$0
William Acevedo	Director	1.00	Director	$0	$0	$0
Todd Penner	Director	1.00	Director	$0	$0	$0
Lindsay Page	Director	1.00	Director	$0	$0	$0
Fred Crawford	Director	1.00	Director	$0	$0	$0
Christine Alix	Director	1.00	Director	$0	$0	$0
Munyette Moore	Director	1.00	Director	$0	$0	$0
Thomas Friel - Emeritus	Director	1.00	Director	$0	$0	$0
Mindy Rogers - Emeritus	Director	1.00	Director	$0	$0	$0
Garrett Neiman - Emeritus	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	$3,259,760	$2,698,072	$3,255,752	$561,688
2024	No data	No data	No data	No data
2023	$1,856,852	$3,191,922	$3,209,463	$-1,335,070
2022	$4,324,751	$2,847,102	$4,551,677	$1,477,649
2021	$2,763,117	$2,563,396	$3,027,501	$199,721
2020	$3,922,737	$3,347,789	$3,159,055	$574,948
2019	$4,286,309	$3,977,776	$2,224,164	$308,533