The College Initiative

EIN: 461308864 501(c)(3)

Memphis, TN

Total Revenue
$460,536
Total Expenses
$529,510
Total Assets
$197,522
Net Assets
$185,979
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TN
Principal Officer
Gabriel Fotsing
Phone
2819003151
Tax Period
2017-10-01 to 2018-09-30

The College Initiative, founded in 2012, is a small nonprofit that reported $461K in total revenue in fiscal year 2017. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $530K exceeded revenue, resulting in a 15% operating deficit.

Mission

The College Initiative provides college-capable, low-income students with the tools and mentorship they need to successfully apply to and succeed in college. The College Initiative forms partnerships with school districts, energetic teachers, and college student volunteers to ensure that every student aspiring to go to college will have the opportunity to do so.

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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%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $460,521
Program Service Revenue $0
Investment Income $15
Other Revenue $0
TOTAL REVENUE $460,536

Expense Breakdown

Grants Paid $0
Salaries & Benefits $342,148
Fundraising Expenses $32,978
Program Expenses $382,955
Other Expenses $187,362
TOTAL EXPENSES $529,510

Year-over-Year Comparison

2017 2016 Change
Revenue $460,536 $728,752 -0.4%
Expenses $529,510 $733,467 -0.3%
Net Income $-68,974 $-4,715 +13.6%
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

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Governance

Voting Members
5
Independent Members
4
Employees
13
Volunteers
7

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
1
$94,344
Total Directors
8
$94,344
Key Employees
1
$94,344
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gabriel Fotsing Director, Founder and CEO 50
Officer Director Key Emp
$94,344 $0 $94,344
Najee Johnson Board Member 1
Director
$0 $0 $0
Matthew Clair Board Member 1
Director
$0 $0 $0
Afshan Latif Board Member 1
Director
$0 $0 $0
Ashanta Evans Blackwell Board Member 1
Director
$0 $0 $0
Brandon Arrindell Board Member 1
Director
$0 $0 $0
Diane Jalfon Board Member 1
Director
$0 $0 $0
Wayne Culbreth Board Director 1
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
2018 $460,536 $529,510 $197,522 $-68,974
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