CORESPRING INC

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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

GWENDOLYN BAKER

Phone

9179410976

Tax Period

2018-07-01 to 2019-06-30

CORESPRING INC, founded in 2013, is a small nonprofit that reported $144K in total revenue in fiscal year 2018. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $132K left a modest 8% surplus.

Mission

CORESPRING'S MISSION IS TO SERVE AS A CLEARINGHOUSE FOR HIGH QUALITY CONTENT THAT MAY BE USED BY EDUCATORS TO IMPROVE EDUCATIONAL OUTCOMES AND ACHIEVE COLLEGE AND CAREER READINESS GOALS. THE ORGANIZATION WAS FORMED TO SUPPORT EDUCATORS, STUDENTS AND SCHOOLS IN PREPARING STUDENTS FOR COLLEGE, CAREERS AND ACHIEVING THEIR EDUCATIONAL GOALS, THROUGH: (1) PROVIDING A CLEARINGHOUSE AND PLATFORM FOR EDUCATIONAL CONTENT, (2) DEVELOPING, IDENTIFYING AND DISTRIBUTING HIGH QUALITY EDUCATIONAL MATERIALS, AND (3) PROVIDING ACCESS TO AND ENCOURAGING THE USE OF TECHNOLOGY IN SCHOOLS TO IMPROVE STUDENT OUTCOMES BY ADDRESSING THE SPECIFIC NEEDS OF INDIVIDUAL STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $112,728 Revenue: $143,739

CORESPRING, INC. IS A CONTENT AND TECHNOLOGY SERVICE FOR K-12 EDUCATORS. KEY PROGRAM ELEMENTS INCLUDE:CONTENT COLLECTIONSTHE CORESPRING CONTENT COLLECTIONS ARE A BANK OF ASSIGNMENT ITEMS ACROSS...

CORESPRING, INC. IS A CONTENT AND TECHNOLOGY SERVICE FOR K-12 EDUCATORS. KEY PROGRAM ELEMENTS INCLUDE:CONTENT COLLECTIONSTHE CORESPRING CONTENT COLLECTIONS ARE A BANK OF ASSIGNMENT ITEMS ACROSS GRADES K12 AND IMPORTANT FOR ACHIEVING COLLEGE AND CAREER READINESS (E.G., MATHEMATICS, ENGLISH LANGUAGE ARTS, LITERACY, SCIENCE). CORESPRING TRANSFORMS THE OPEN EDUCATION RESOURCES SOURCED FROM RESPECTED AUTHORS, REVIEWS THEM FOR RIGOR AND QUALITY, AND TAGS THEM THE ITEMS USING A COMMON TEMPLATE ( E.G., COLLEGE READY STANDARDS, BLOOM'S TAXONOMY, KEY SKILLS).AUTHORINGCORESPRING'S AUTHORING TOOL BRINGS EASE TO AUTHORING TECHNOLOGY ENHANCED ITEMS WITH A WYSIWYG USER INTERFACE. THE AUTHORING TOOL PROVIDES ACCESS TO A LIBRARY OF CUSTOMIZABLE QUESTIONS, FROM SIMPLE INTERACTIONS TO MORE ADVANCED.TECHNOLOGY PLATFORMCORESPRING'S PLATFORM IS DESIGNED FOR QUICK, CONSISTENT DELIVERY OF ASSESSMENTS TO LARGE NUMBERS OF STUDENTS. THE TECHNOLOGY USE REDUNDANT, LINEARLY SCALABLE SYSTEMS. THE EMBEDDABLE COMPONENTS (AUTHORING TOOLS, PLAYER, CONTENT MANAGEMENT) CAN BE DIRECTLY INTEGRATED INTO ANY WEB-BASED PLATFORM, ALLOWING FOR THE DELIVERY OF ASSESSMENT FUNCTIONALITY TO TEACHERS AND STUDENTS. THE POWERFUL REST APIS ALLOWS DEVELOPERS FULL CONTROL OF THE CONTENT AND DATA IN ANY APPLICATION.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $143,739

Investment Income $0

Other Revenue $0

TOTAL REVENUE $143,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,728

Other Expenses $131,671

TOTAL EXPENSES $131,671

Year-over-Year Comparison

	2018	2017	Change
Revenue	$143,739	$240,380	-0.4%
Expenses	$131,671	$292,245	-0.5%
Net Income	$12,068	$-51,865	-1.2%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GWENDOLYN BAKER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE BODOIN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL ABRAMSON	SECRETARY & TREASURER	1.00	Officer 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
2019	$143,739	$131,671	$91,159	$12,068
2019	No data	$19,763	No data	No data
2018	$240,380	$292,245	$133,462	$-51,865