College Unbound

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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

ADAM BUSH

Phone

4017522640

Tax Period

2024-07-01 to 2025-06-30

College Unbound, founded in 2012, is a mid-sized nonprofit in the Unknown sector that reported $10.2M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 21% operating margin.

Mission

COLLEGE UNBOUND'S MISSION IS TO REINVENT HIGHER EDUCATION FOR UNDERREPRESENTED RETURNING ADULT LEARNERS, USING A MODEL THAT IS INDIVIDUALIZED, INTEREST-BASED, PROJECT DRIVEN, WORKPLACE-ENHANCED, COHORT-SUPPORTED, FLEXIBLE, SUPPORTIVE, AND AFFORDABLE.

Program Service Accomplishments

Program 1

Expenses: $5,147,837 Revenue: $4,902,259

COLLEGE UNBOUND INTEGRATES THE STUDENTS' OWN PURPOSES FOR LEARNING WITH THE NEEDS OF THEIR WORKPLACES AND COMMUNITIES, IMPROVING THE LIVES OF THE STUDENTS AND THE LIVES OF THOSE THEY TOUCH.

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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 $5,268,561

Program Service Revenue $4,902,259

Investment Income $23,923

Other Revenue $0

TOTAL REVENUE $10,194,743

Expense Breakdown

Grants Paid $1,016,625

Salaries & Benefits $5,988,300

Fundraising Expenses $373,944

Program Expenses $5,147,837

Other Expenses $1,075,833

TOTAL EXPENSES $8,080,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,194,743	$8,424,432	+0.2%
Expenses	$8,080,758	$8,308,600	0.0%
Net Income	$2,113,985	$115,832	+17.3%

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

265

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

$210,594

Total Directors

$193,848

Key Employees

$181,146

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sylvia Spears	Provost & VP of Lifelong Learn	35.0	Key Emp	$162,921	$18,225	$181,146
Adam Bush	President	35.0	Officer Director	$147,683	$21,730	$169,413
Julia Rickert	Chief Development Officer	35.0	Highest	$136,858	$32,524	$169,382
Jose Rodriguez	ASST. VP OF COMM. & BELONGING	35.0	Highest	$140,776	$28,331	$169,107
David Bromley	Partnership Systems	35.0	Highest	$132,235	$36,657	$168,892
Diana Perdomo	VP For Inst. & Student Sustain	35.0	Highest	$141,101	$21,639	$162,740
Allen Cowett	Director of Financial Aid	35.0	Highest	$106,261	$703	$106,964
Mark Hartonchik	Cont.(9/24)/Interim CFO (2/25)	35.0	Officer	$31,000	$10,181	$41,181
Brandon Robinson	Board Member/Faculty	2.0	Director	$17,560	$0	$17,560
Nicholas Longo	Board Member/Adjunct Faculty	2.0	Director	$6,875	$0	$6,875
Wendell Pritchett	Chairman	1.0	Officer Director	$0	$0	$0
Louis Soares	Vice Chairman	1.0	Officer Director	$0	$0	$0
Martin Maleska	Treasurer	1.0	Officer Director	$0	$0	$0
Honorable Judith Savage	Secretary	1.0	Officer Director	$0	$0	$0
Richard Culatta	Board Member	1.0	Director	$0	$0	$0
Jennifer Davis-Allison	Board Member	1.0	Director	$0	$0	$0
Timothy Eatman	Board Member	1.0	Director	$0	$0	$0
Scott Evenbeck	Board Member	1.0	Director	$0	$0	$0
Salin Geevarghese	Board Member	1.0	Director	$0	$0	$0
Tracie Hall	Board Member	1.0	Director	$0	$0	$0
Francie Heller	Board Member	1.0	Director	$0	$0	$0
Patricia Kidder Esq	Board Member	1.0	Director	$0	$0	$0
Carlos Moreno	Board Member	1.0	Director	$0	$0	$0
Andrea Saenz	Board Member	1.0	Director	$0	$0	$0
J Philipp Schmidt	Board Member	1.0	Director	$0	$0	$0
Honorable Ojetta R Thompson	Board Member	1.0	Director	$0	$0	$0
Carlton Turner	Board Member	1.0	Director	$0	$0	$0
Pam Grossman	Board Member	1.0	Director	$0	$0	$0
Andrew Frishman	Board Member	1.0	Director	$0	$0	$0
Stephanie Rogen	Board Member	1.0	Director	$0	$0	$0
Edward Smith	Board Member	1.0	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	$10,194,743	$8,080,758	$4,806,855	$2,113,985
2024	$8,424,432	$8,308,600	$2,484,560	$115,832
2023	$7,676,053	$6,835,753	$2,295,950	$840,300
2022	$3,481,524	$4,080,646	$1,169,599	$-599,122
2021	$3,483,486	$2,889,749	$1,692,870	$593,737
2020	$2,599,541	$2,351,114	$1,441,857	$248,427
2019	$865,080	$1,433,804	$780,881	$-568,724
2018	$1,465,391	$1,102,654	$1,327,622	$362,737