PASS WITH FLYING COLORS INC (EIN 271722417) - 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

2010

Legal Domicile

Principal Officer

MICHAEL OETTINGER

Phone

7732027932

Tax Period

2020-07-01 to 2021-06-30

PASS WITH FLYING COLORS INC, founded in 2010, is a micro nonprofit that reported $78K in total revenue in fiscal year 2020. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $210K exceeded revenue, resulting in a 170% operating deficit.

Mission

PASS WITH FLYING COLORS PREPARES CHICAGO'S UNDERSERVED FIRST-GENERATION STUDENTS FOR COLLEGE AND CAREER SUCCESS.

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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 $31,251

Program Service Revenue $0

Investment Income $44

Other Revenue $46,676

TOTAL REVENUE $77,971

Expense Breakdown

Grants Paid $41,470

Salaries & Benefits $154,118

Fundraising Expenses $6,502

Program Expenses $177,934

Other Expenses $12,167

TOTAL EXPENSES $210,365

Year-over-Year Comparison

	2020	2019	Change
Revenue	$77,971	$212,153	-0.6%
Expenses	$210,365	$311,354	-0.3%
Net Income	$-132,394	$-99,201	+0.3%

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

$69,369

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNY GOLDMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID LEENEY	SECRETARY / DIRECTOR	1.00	Officer Director	$0	$0	$0
LINDA TURNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL OETTINGER	TREASURER / DIRECTOR	4.00	Officer Director	$0	$0	$0
GEORGE ALONISTIOTIS	DIRECTOR	1.00	Director	$0	$0	$0
TONY EHELI	DIRECTOR	1.00	Director	$0	$0	$0
ANN MARIE COLEHOUR	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BURROWES	DIRECTOR	1.00	Director	$0	$0	$0
FREDDY FLORES	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA PAULSEN	EXECUTIVE DIRECTOR	25.00	Officer	$69,369	$0	$69,369

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	$77,971	$210,365	No data	$-132,394
2020	$212,153	$311,354	$179,545	$-99,201
2019	$291,088	$344,903	$232,683	$-53,815
2018	$338,233	$374,457	$285,412	$-36,224

PASS WITH FLYING COLORS INC