COLLEGE FORWARD

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

AUSTIN BUCHAN

Phone

5124524800

Tax Period

2020-07-01 to 2021-06-30

COLLEGE FORWARD, founded in 2003, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2020. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $4.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

Program Service Accomplishments

Program 1

Expenses: $3,427,137 Revenue: $945,015

COLLEGE FORWARD PROVIDES COLLEGE PREPARATORY AND RETENTION SERVICES TOMOTIVATED ECONOMICALLY CHALLENGED STUDENTS IN ORDER TO FACILITATETHEIR TRANSITION TO COLLEGE AND TO MAKE THE PROCESS MORE...

COLLEGE FORWARD PROVIDES COLLEGE PREPARATORY AND RETENTION SERVICES TOMOTIVATED ECONOMICALLY CHALLENGED STUDENTS IN ORDER TO FACILITATETHEIR TRANSITION TO COLLEGE AND TO MAKE THE PROCESS MORE EXCITING ANDREWARDING.IN MAY 2021, THE ORGANIZATION ENTERED INTO AN AGREEMENT AND PLAN OF MERGER WITH COLLEGE POSSIBLE, A MINNESOTA NONPROFIT CORPORATION. COLLEGE POSSIBLE'S MISSION IS TO MAKE COLLEGE ADMISSION AND SUCCESS POSSIBLE FOR LOW-INCOME STUDENTS IN THE UNITED STATES THROUGH AN INTENSIVE CURRICULUM OF COACHING AND SUPPORT. EFFECTIVE JULY 1, 2021, COLLEGE POSSIBLE ACQUIRED ALL OF THE ORGANIZATION'S ASSETS AND LIABILITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $3,105,519

Program Service Revenue $944,694

Investment Income $0

Other Revenue $321

TOTAL REVENUE $4,050,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,030,014

Fundraising Expenses $532,778

Program Expenses $3,427,137

Other Expenses $1,570,944

TOTAL EXPENSES $4,600,958

Year-over-Year Comparison

	2020	2019	Change
Revenue	$4,050,534	$3,200,401	+0.3%
Expenses	$4,600,958	$4,433,486	+0.0%
Net Income	$-550,424	$-1,233,085	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

129

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

$126,656

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL MCDONALD	BOARD MEMBER	0.30	Director	$0	$0	$0
TODD PENNER	FINANCE COMMITTEE MEMBER	0.30	Director	$0	$0	$0
NIRAV SHAH	BOARD MEMBER	0.30	Director	$0	$0	$0
DOREEN WISE	DEVELOPMENT COMMITTEE CHAI	0.30	Director	$0	$0	$0
RICHARD TAGLE	BOARD CHAIR	0.30	Officer Director	$0	$0	$0
JENN STARR	BOARD MEMBER	0.30	Director	$0	$0	$0
STEPHANIE VERDUGO	FINANCE COMMITTEE MEMBER	0.30	Director	$0	$0	$0
AUSTIN BUCHAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$120,561	$6,095	$126,656

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	$4,050,534	$4,600,958	No data	$-550,424
2020	$3,200,401	$4,433,486	$2,433,160	$-1,233,085
2019	$4,735,270	$3,572,345	$3,296,848	$1,162,925
2018	$2,349,644	$3,775,978	$1,429,525	$-1,426,334