ONE MILLION DEGREES

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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

2006

Legal Domicile

Principal Officer

ANEESH SOHONI

Phone

3129209605

Tax Period

2023-07-01 to 2024-06-30

ONE MILLION DEGREES, founded in 2006, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $8.6M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO ACCELERATE COMMUNITY COLLEGE STUDENTS' PROGRESS ON CAREER PATHWAYS TO ECONOMIC MOBILITY

Program Service Accomplishments

Program 1

Expenses: $4,679,303

INDIVIDUALIZED SUPPORT - OMD PROGRAM STAFF REGULARLY COMMUNICATE WITH CASELOADS OF SCHOLARS, BECOMING TRUSTED ADVISORS AND ADVOCATES. STAFF MEMBERS ENCOURAGE SCHOLARS TO HOLD THEMSELVES ACCOUNTABLE AS THEY PROGRESS TOWARD THEIR GOALS BY USING MOTIVATIONAL INTERVIEWING AND REGULAR PERFORMANCE EVALUATIONS THAT GIVE SCHOLARS THE OPPORTUNITY TO REFLECT ON THEIR PROGRESS AND THEIR CHALLENGES. PROGRAM STAFF ALSO MANAGE NEW STUDENT RECRUITMENT AND ONBOARDING, DATA COLLECTION AND ANALYSIS, PROGRAM VOLUNTEERS, AND THE CONTINUOUS IMPROVEMENT OF OMD PROGRAMMING AND CURRICULUM.

Program 2

Expenses: $612,478

TUITION AND STIPENDS - OMD PROVIDED LAST-DOLLAR SCHOLARSHIPS (FUNDING TO COVER ANY GAPS BETWEEN A SCHOLAR'S FINANCIAL AID AWARD AND TUITION COSTS) AND EDUCATIONAL STIPENDS. THESE STIPENDS DEFRAY...

TUITION AND STIPENDS - OMD PROVIDED LAST-DOLLAR SCHOLARSHIPS (FUNDING TO COVER ANY GAPS BETWEEN A SCHOLAR'S FINANCIAL AID AWARD AND TUITION COSTS) AND EDUCATIONAL STIPENDS. THESE STIPENDS DEFRAY SCHOLARS' EDUCATIONAL EXPENSES SUCH AS BOOKS, TECHNOLOGY, TRANSPORTATION, AND CHILDCARE. OMD ALSO OFFERS ENRICHMENT GRANTS TO SCHOLARS WHO APPLY. THESE GRANTS CAN BE UP TO $250 AND ARE MEANT TO DEFRAY ONE-TIME COSTS THAT WILL HELP SCHOLARS ADVANCE IN THEIR CHOSEN CAREER, SUCH AS ORGANIZATION DUES, CONFERENCE FEES OR ACCREDITATION TEST COSTS.

Program 3

Expenses: $31,294 Revenue: $313,556

STUDENT DEVELOPMENT - IN ADDITION TO THESE FINANCIAL SUPPORTS, OMD SCHOLAR DEVELOPMENT MODEL INCLUDES A ROBUST SET OF ACADEMIC, PERSONAL, AND PROFESSIONAL SUPPORTS. IN THE SCHOOL YEAR, OMD PROVIDED WEEKLY INDIVIDUALIZED TUTORING TO SCHOLARS AT ALL COLLEGE COURSE LEVELS. OMD HOSTS MONTHLY PERSONAL AND PROFESSIONAL DEVELOPMENT WORKSHOPS IN WHICH SCHOLARS LEARN BUSINESS COMMUNICATION SKILLS, PERSONAL FINANCIAL LITERACY AND PLANNING, CIVIC ENGAGEMENT AND LEADERSHIP DEVELOPMENT. THEY ARE ALSO MATCHED WITH ONE OF OMD'S VOLUNTEER COACHES WHO WORK WITH THEM ON PROFESSIONAL GOAL SETTING, RESUME DEVELOPMENT, INTERVIEW SKILLS, AND POST-GRADUATE CAREER PLANNING. SCHOLARS ALSO HAD THE OPPORTUNITY TO PARTICIPATE IN EXPERIENTIAL EVENTS TO APPLY THE SKILLS THEY ARE LEARNING. OK THESE EVENTS INCLUDE OMD'S CAREER AND RESOURCE FAIR, WHERE SCHOLARS HAVE THE OPPORTUNITY TO LEARN ABOUT JOB OPPORTUNITIES AND RESOURCES AVAILABLE IN THEIR COMMUNITY AND COLLEGES; AND SPEED NETWORKING - A NETWORKING EVENT WHERE SCHOLARS PRACTICE THEIR ELEVATOR PITCHES WITH VOLUNTEERS.

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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 $6,015,634

Program Service Revenue $313,556

Investment Income $1,023,711

Other Revenue $-183,525

TOTAL REVENUE $7,169,376

Expense Breakdown

Grants Paid $612,478

Salaries & Benefits $6,017,876

Fundraising Expenses $1,056,719

Program Expenses $5,323,075

Other Expenses $1,929,494

TOTAL EXPENSES $8,559,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,169,376	$26,152,227	-0.7%
Expenses	$8,559,848	$6,923,352	+0.2%
Net Income	$-1,390,472	$19,228,875	-1.1%

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

484

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

$340,842

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANEESH SOHONI	CHIEF EXECUTIVE OFFICER	50.00	Officer	$302,373	$38,469	$340,842
JOSHUA HOEN	CHIEF ADVANCEMENT OFFICER	50.00	Highest	$200,014	$31,218	$231,232
PURACARINA GONZALEZ	EXEC DIR OF CAMPUSWIDE EXP	50.00	Highest	$155,979	$21,424	$177,403
LUIS GONZALES	DIRECTOR OF HR - TERM	50.00	Highest	$165,998	$10,179	$176,177
MELANIE D'EVELYN	EXEC DIR ADVISORY & CAPACITY BUILDING	50.00	Highest	$137,961	$21,231	$159,192
MERIDEL TRIMBLE	CHIEF OPERATING OFFICER - TERM	50.00	Highest	$137,070	$14,322	$151,392
JUDY MARWICK	CO-CHAIR OF THE BOARD	3.00	Officer Director	$0	$0	$0
THANIA PANOPOULOS	CO-CHAIR OF THE BOARD	3.00	Officer Director	$0	$0	$0
ANDREW BEIDEMAN	VICE CHAIR	3.00	Officer Director	$0	$0	$0
CONNIE MIXON	SECRETARY	3.00	Officer Director	$0	$0	$0
ANDY WONG	TREASURER	3.00	Officer Director	$0	$0	$0
MELISSA BEAN	DIRECTOR	3.00	Director	$0	$0	$0
JOE DECOSMO	DIRECTOR	3.00	Director	$0	$0	$0
ANDREW FEINBERG	DIRECTOR	3.00	Director	$0	$0	$0
SAMEER GADKAREE	DIRECTOR	3.00	Director	$0	$0	$0
ROSE LIZARRAGA	DIRECTOR	3.00	Director	$0	$0	$0
LAURIE O'SHEA	DIRECTOR	3.00	Director	$0	$0	$0
DENISE POOLE	DIRECTOR	3.00	Director	$0	$0	$0
DAVID SCHERER	DIRECTOR	3.00	Director	$0	$0	$0
EVETTE SIMON-WILLIAMS	DIRECTOR	3.00	Director	$0	$0	$0
JOSEPH SKARDA	DIRECTOR	3.00	Director	$0	$0	$0
DAVID SOO	DIRECTOR	3.00	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	No data	No data	No data	No data
2024	$7,169,376	$8,559,848	$24,535,154	$-1,390,472
2023	$26,152,227	$6,923,352	$25,793,712	$19,228,875
2022	$5,175,677	$4,742,066	$7,262,880	$433,611
2021	$4,851,472	$3,776,659	$6,762,699	$1,074,813
2020	$4,451,998	$4,107,476	$5,648,739	$344,522
2019	$5,018,796	$3,482,858	$4,745,682	$1,535,938
2018	$3,611,488	$3,210,692	$3,206,536	$400,796