EMERGE Fellowship

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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

2013

Legal Domicile

Principal Officer

Ashley Cash

Phone

8323503061

Tax Period

2024-08-01 to 2025-07-31

EMERGE Fellowship, founded in 2013, is a community nonprofit in the Education sector that reported $7.5M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

Fellows persist through graduation and into careers that build long-term economic mobility for themselves & their communities.

Program Service Accomplishments

Program 1

Expenses: $5,448,602 Revenue: $2,168,718

EMERGE provides a holistic, developmental college readiness curriculum tailored to high-achieving students from low-income communities, helping them apply to, thrive at, and graduate from the...

EMERGE provides a holistic, developmental college readiness curriculum tailored to high-achieving students from low-income communities, helping them apply to, thrive at, and graduate from the nation's best colleges and institutions with strong graduation rates and robust financial aid that position students for long-term success. EMERGE works with students in grades 10-12 through both in-school and after-school programming, providing one-on-one support for students and their families, workshops, events, and a summer college tour to visit campuses. Support continues throughout college so that students persist through graduation.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,212,534

Program Service Revenue $2,168,718

Investment Income $138,993

Other Revenue $-21,596

TOTAL REVENUE $7,498,649

Expense Breakdown

Grants Paid $59,701

Salaries & Benefits $5,118,873

Fundraising Expenses $963,216

Program Expenses $5,448,602

Other Expenses $2,225,248

TOTAL EXPENSES $7,403,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,498,649	$5,988,843	+0.3%
Expenses	$7,403,822	$6,034,068	+0.2%
Net Income	$94,827	$-45,225	-3.1%

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

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

$254,778

Total Directors

Key Employees

$181,990

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anastasia Lindo Anderson	CEO to 12/24	40.00	Officer	$237,827	$16,951	$254,778
Janicca Garcia	VP External Affairs	40.00	Highest	$171,064	$17,783	$188,847
Tarah Burris	VP Programs	40.00	Key Emp	$171,085	$10,905	$181,990
Maurisa Lenz	VP People & Culture	40.00	Highest	$143,736	$16,660	$160,396
Sarah Swain	Managing Director Data and Evaluation	40.00	Highest	$133,757	$16,670	$150,427
Mubeen Khumawala	VP Strategy & Growth to 2/25	40.00	Highest	$123,476	$14,744	$138,220
Daya Fulton	Managing Director, College Access	40.00	Highest	$108,658	$11,571	$120,229
Doreen Stoller	Interim CEO from 1/25	40.00	Officer	$0	$0	$0
Katie Johnson	President	5.00	Officer Director	$0	$0	$0
Louise Wiggins	Vice President	5.00	Officer Director	$0	$0	$0
Christina Bryan	Secretary	2.00	Officer Director	$0	$0	$0
Vik Kalra	Treasurer	5.00	Officer Director	$0	$0	$0
David Bell	Chair, Governance	5.00	Director	$0	$0	$0
Jose Cantu	Director	2.00	Director	$0	$0	$0
Pedro Caruso	Director	2.00	Director	$0	$0	$0
Hillary Holmes	Director	2.00	Director	$0	$0	$0
Ann Kennedy	Director	2.00	Director	$0	$0	$0
Judy Le	Director	2.00	Director	$0	$0	$0
Mia Mends	Director	2.00	Director	$0	$0	$0
Scott Minnix	Director	2.00	Director	$0	$0	$0
Ben Samuels	Director	2.00	Director	$0	$0	$0
Bryan Sanchez	Chair, Growth & Strategy	5.00	Director	$0	$0	$0
Denise Smith	Director	2.00	Director	$0	$0	$0
Kelley Trammell	Director	2.00	Director	$0	$0	$0
Liana Wang	Director	2.00	Director	$0	$0	$0
Maria Zerr	Chair, Development	5.00	Director	$0	$0	$0
Ann Ziker	Director	2.00	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	$7,498,649	$7,403,822	$6,331,414	$94,827
2024	$5,988,843	$6,034,068	$5,926,851	$-45,225
2023	$6,862,163	$5,727,866	$5,960,489	$1,134,297
2022	$4,368,746	$4,802,811	$4,668,037	$-434,065
2021	$4,579,431	$3,407,961	$5,115,562	$1,171,470
2020	$4,691,824	$2,761,169	$4,300,889	$1,930,655
2019	$2,877,720	$2,425,099	$2,065,799	$452,621
2018	$2,089,161	$1,624,254	$972,217	$464,907