COLLEGEREADY INC (EIN 391044089) - 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

1962

Legal Domicile

Principal Officer

BRENT ROUBAL

Phone

9208579088

Tax Period

2023-09-01 to 2024-08-31

COLLEGEREADY INC, founded in 1962, is a small nonprofit in the Education sector that reported $934K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

COLLEGEREADY ENCOURAGES AND INVESTS IN AREA STUDENTS TO SUCCEED IN 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 $404,655

Program Service Revenue $2,000

Investment Income $527,690

Other Revenue $0

TOTAL REVENUE $934,345

Expense Breakdown

Grants Paid $392,813

Salaries & Benefits $473,719

Fundraising Expenses $61,414

Program Expenses $813,834

Other Expenses $204,428

TOTAL EXPENSES $1,070,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$934,345	$607,550	+0.5%
Expenses	$1,070,960	$968,100	+0.1%
Net Income	$-136,615	$-360,550	-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

$212,312

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN SCHOENBERGER	PRESIDENT	2.00	Officer Director	$0	$0	$0
CLAIRE WILLIAMS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK FISCHER	TREASURER	2.00	Officer Director	$0	$0	$0
CINDY ZUEGE	SECRETARY	2.00	Officer Director	$0	$0	$0
BENJAMIN HAYES	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE HOGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD JADIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSHUA KOCH	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE KORBISCH	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA LARA	BOARD MEMBER	1.00	Director	$0	$0	$0
FABIOLA RIZO	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER SEABORN	BOARD MEMBER	2.00	Director	$0	$0	$0
MELISSA VAN GHEEM	BOARD MEMBER	1.00	Director	$0	$0	$0
LORA WARNER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENT ROUBAL	EXECUTIVE DIRECTOR	40.00	Officer	$110,919	$19,837	$130,756
JENNIFER TICE	OPERATIONS DIRECTOR	40.00	Officer	$70,260	$11,296	$81,556

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
2024	$934,345	$1,070,960	$9,213,096	$-136,615
2023	$607,550	$968,100	$8,611,132	$-360,550
2022	$1,090,885	$929,766	$8,435,239	$161,119
2021	$1,007,976	$962,010	$10,060,977	$45,966
2020	$828,790	$935,014	$8,979,928	$-106,224
2019	$859,341	$958,275	$8,379,526	$-98,934
2018	$887,560	$930,470	$8,837,666	$-42,910

COLLEGEREADY INC