Bound For College Inc (EIN 454916115) - 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

2012

Legal Domicile

Principal Officer

Michael Hlatki

Phone

5612393255

Tax Period

2025-01-01 to 2025-12-31

Bound For College Inc, founded in 2012, is a small nonprofit in the Animal-Related sector that reported $668K in total revenue in fiscal year 2025.

Mission

Our Mission at Bound For College is to provide comprehensive college readiness resources empowering motivated low-income students toward promising futures.

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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 (2025)

Revenue Breakdown

Contributions & Grants $650,460

Program Service Revenue $0

Investment Income $17,649

Other Revenue $0

TOTAL REVENUE $668,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,799

Fundraising Expenses $74,667

Program Expenses $513,625

Other Expenses $540,866

TOTAL EXPENSES $664,665

Year-over-Year Comparison

	2025	2024	Change
Revenue	$668,109	$647,873	+0.0%
Expenses	$664,665	$466,452	+0.4%
Net Income	$3,444	$181,421	-1.0%

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

Total Directors

$115,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shannon Solis	Chief Program	17.00	Director	$60,000	$0	$60,000
Donna Sauer	CEO	40.00	Director	$55,000	$0	$55,000
Chip Dickson	Director	0.50	Director	$0	$0	$0
Leo Ressa	Past Chair	2.00	Director	$0	$0	$0
Jeff Margolis	Chairman	2.00	Officer Director	$0	$0	$0
Michael Hlatki	Treasurer	1.00	Officer Director	$0	$0	$0
Margi Greenfield	Secretary	1.00	Officer Director	$0	$0	$0
Kelly Baum	Director	0.50	Director	$0	$0	$0
Jerilyn Walter	Director	1.00	Director	$0	$0	$0
Cary Glickstein	Director	0.50	Director	$0	$0	$0
Danny Pancheo	Director	0.50	Director	$0	$0	$0
Raul Valero	Director	0.50	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	$668,109	$664,665	$668,315	$3,444
2024	$647,873	$466,452	$664,871	$181,421
2023	$445,040	$351,809	$483,450	$93,231
2022	$369,554	$305,429	$392,157	$64,125
2021	$351,423	$277,400	$326,094	$74,023
2020	$296,647	$256,240	$252,071	$40,407
2019	$327,885	$202,367	$216,464	$125,518
2018	$245,439	$318,628	$86,545	$-73,189

Bound For College Inc