REACH UNIVERSITY (EIN 271274290) - 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

JOSEPH E ROSS

Phone

5105015075

Tax Period

2023-07-01 to 2024-06-30

REACH UNIVERSITY, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $29.3M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $27.6M left a modest 6% surplus.

Mission

OFFERS APPRENTICESHIP-BASED DEGREES, A JOB EMBEDDED AFFORDABLE PATHWAY TO HIGHER EDUCATION

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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 $9,397,374

Program Service Revenue $19,663,169

Investment Income $200,648

Other Revenue $782

TOTAL REVENUE $29,261,973

Expense Breakdown

Grants Paid $11,885,621

Salaries & Benefits $12,166,074

Fundraising Expenses $0

Program Expenses $22,534,975

Other Expenses $3,504,261

TOTAL EXPENSES $27,555,956

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,261,973	$18,807,732	+0.6%
Expenses	$27,555,956	$17,280,562	+0.6%
Net Income	$1,706,017	$1,527,170	+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

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

$466,404

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARIN S LIM YANKOWITZ	BOARD PRESIDENT	1.00	Director	$0	$0	$0
JONATHAN JOHNSON	BOARD SECRETARY & TREASURE	1.00	Director	$0	$0	$0
ARI SIMON	BOARD MEMBER	1.00	Director	$0	$0	$0
AFAM ONYEMA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARISSA RING	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERTO ANGULO	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN TINDALL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM MERRITT	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH E ROSS	PRESIDENT	40.00	Officer	$213,907	$13,761	$227,668
SETH AARON ROSENBLATT	CHIEF FINANCIAL OFFICER	40.00	Officer	$125,946	$12,102	$138,048
ANASTASIA WICKHAM	PROVOST & CHIEF ACADEMIC OFFICER	40.00	Officer	$100,688	$0	$100,688
HECTOR CAMACHO JR	SVP WORKFORCE DEVELOPMENT, DEAN OF ADMISSIONS	40.00	Highest	$137,250	$234	$137,484
KO KIM	V.P. CANDIDATE AFFAIRS	40.00	Highest	$136,713	$8,877	$145,590
GENE LEE	COO, HEAD OF CANDIDATE AFFAIRS	40.00	Highest	$131,966	$14,071	$146,037
KANAKO WONG	DEAN OF RTC GRADUATE STUDIES	40.00	Highest	$105,146	$234	$105,380
ERIC MICHAEL DUNKER	CHIEF GROWTH OFFICER & HEAD OF NCAD	40.00	Highest	$114,008	$6,452	$120,460
PAUL ST ROSEMAN	CHIEF INFORMATION & TECHNOLOGY OFFICER	40.00	Highest	$146,554	$14,071	$160,625
STEPHENIE TESORO	WRITER-IN-RESIDENCE & STATE/FEDERAL GRANTS LEAD	40.00	Highest	$102,945	$12,450	$115,395
EMILY THOMFORDE	FACULTY LEAD, COMPUTER SCIENCES	40.00	Highest	$100,356	$13,210	$113,566
JAMES VINCENT-DUNN	DIRECTOR	40.00	Highest	$105,400	$10,162	$115,562
MALLORY DWINAL-PALISCH	FORMER CHANCELLOR AND CEO	40.00		$201,204	$0	$201,204
ELIZABETH BAHAM	FORMER CHIEF ACADEMIC OFFICER	40.00		$172,959	$8,877	$181,836
KIMBERLY ECKERT	FORMER E.D./DEAN OF TEACHER APPRENTICESHIPS	40.00		$157,668	$894	$158,562
CAROL JOHNSON-WILLIAMS	FORMER ASSOCIATE DEAN	40.00		$104,500	$894	$105,394
JOCEYLYN LEE	FORMER DIRECTOR OF SPECIAL PROJECTS	40.00		$102,563	$14,345	$116,908
KRISTEN NICOLE WEEDEN	FORMER DIRECTOR (APPRENTICESHIPS/TECH ASSISTANCE)	40.00		$109,455	$234	$109,689

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	$29,261,973	$27,555,956	$7,188,280	$1,706,017
2023	$18,807,732	$17,280,562	$5,201,183	$1,527,170
2022	$7,605,222	$6,913,810	$3,507,941	$691,412
2021	$4,053,678	$2,564,568	$2,381,996	$1,489,110
2021	$4,053,678	$2,564,568	$2,381,996	$1,489,110
2020	$2,103,394	$1,427,366	$903,854	$676,028
2019	$1,296,254	$2,433,734	$121,096	$-1,137,480
2018	$2,506,531	$2,571,249	$1,102,931	$-64,718

REACH UNIVERSITY