Gap Year Association

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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

2014

Legal Domicile

Principal Officer

KERI MCWILLIAMS

Phone

4062015389

Tax Period

2023-01-01 to 2023-12-31

Gap Year Association, founded in 2014, is a small nonprofit in the Education sector that reported $248K in total revenue in fiscal year 2023. Expenses of $285K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO ADVOCATE FOR INCREASED PARTICIPATION IN GAP YEAR EDUCATION THROUGH ACCREDITATION OF WELL-MANAGED AND QUALITY ORGANIZATIONS, THE PROLIFERATION OF GAP YEAR SCHOLARSHIPS, AND THE CONTINUED RESEARCH OF GAP YEAR STUDENT OUTCOMES.

Program Service Accomplishments

Program 1

Expenses: $223,594

ADVOCATED FOR INCREASED PARTICIPATION IN GAP YEAR EDUCATION THROUGH ACCREDITATION OF WELL-MANAGED AND QUALITY ORGANIZATIONS, THE PROLIFERATION OF GAP YEAR SCHOLARSHIPS, AND THE CONTINUED RESEARCH OF...

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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 $77,184

Program Service Revenue $170,928

Investment Income $0

Other Revenue $0

TOTAL REVENUE $248,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,255

Fundraising Expenses $0

Program Expenses $223,594

Other Expenses $154,496

TOTAL EXPENSES $284,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,112	$260,387	0.0%
Expenses	$284,751	$262,318	+0.1%
Net Income	$-36,639	$-1,931	+18.0%

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

N/A

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

$67,179

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERI MCWILLIAMS	Executive Dir.	40.00	Officer	$63,700	$3,479	$67,179
DREW BEASLEY	Director	1.00	Director	$0	$0	$0
JULIA ROGERS	Emeritus Pres.	5.00	Director	$0	$0	$0
TANYA GALLO	Director	1.00	Director	$0	$0	$0
RYAN ALLEN	Director	1.00	Director	$0	$0	$0
SANDY STORER	Vice President	5.00	Director	$0	$0	$0
SOPHIA WEEKS	Director	1.00	Director	$0	$0	$0
ALIA PIALTOS	Director	2.00	Director	$0	$0	$0
BRYNNA RAO	Director	1.00	Director	$0	$0	$0
DR RITZA SANTIAGO	Director	1.00	Director	$0	$0	$0
JASON SAROUHAN	Director	5.00	Director	$0	$0	$0
AARON SLOSBERG	Director	1.00	Director	$0	$0	$0
RAE NELSON	President	5.00	Officer	$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
2024	No data	No data	No data	No data
2023	$248,112	$284,751	$70,999	$-36,639
2022	$260,387	$262,318	$111,368	$-1,931
2021	$232,377	$156,200	$109,186	$76,177