COMMONLIT INC (EIN 464255260) - 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

2013

Legal Domicile

Principal Officer

MICHELLE BROWN

Phone

3012002426

Tax Period

2024-01-01 to 2024-12-31

COMMONLIT INC, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $15.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $20.6M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO MAKE HIGH-QUALITY LITERACY MATERIALS ACCESSIBLE TO TEACHERS AND THE GENERAL PUBLIC FOR THE ADVANCEMENT OF EDUCATION.

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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 $6,436,980

Program Service Revenue $9,097,709

Investment Income $334,452

Other Revenue $0

TOTAL REVENUE $15,869,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,348,956

Fundraising Expenses $523,624

Program Expenses $17,702,343

Other Expenses $4,278,272

TOTAL EXPENSES $20,627,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,869,141	$13,856,418	+0.1%
Expenses	$20,627,228	$17,205,241	+0.2%
Net Income	$-4,758,087	$-3,348,823	+0.4%

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

141

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

$705,892

Total Directors

Key Employees

$1,115,460

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON ATWOOD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ESTHER WOJCICKI	BOARD MEMBER	2.00	Director	$0	$0	$0
KODJO WILDER	BOARD MEMBER (UNTIL 6/12/2024)	2.00	Director	$0	$0	$0
BABAK MOSTAGHIMI	BOARD MEMBER (EFF. 6/12/2024)	2.00	Director	$0	$0	$0
JOHN OH	BOARD MEMBER (EFF. 6/12/2024)	2.00	Director	$0	$0	$0
TONY VIVIANI	BOARD TREASURER (UNTIL SEPT 24)	2.00	Officer Director	$0	$0	$0
ANNE TAGGART	BOARD TREASURER (EFF. SEPT 24)	2.00	Officer Director	$0	$0	$0
SABRINA ROSHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE BROWN	PRESIDENT & CEO	40.00	Officer	$368,817	$21,458	$390,275
JULIAN MANTE	CHIEF OPERATING OFFICER	40.00	Officer	$298,121	$17,496	$315,617
GEOFFREY HARCOURT	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$341,500	$13,826	$355,326
ROBERT FLEISHER	CHIEF OF PARTNERSHIPS	40.00	Key Emp	$267,894	$13,957	$281,851
KARA PACOS	CHIEF PEOPLE OFFICER (BOARD CLERK)	40.00	Key Emp	$237,143	$26,357	$263,500
ANNA HODGES	CHIEF ACADEMIC OFFICER	40.00	Key Emp	$190,426	$24,357	$214,783
DOUGLAS BOGAN	VICE PRESIDENT OF PARTNERSHIPS	40.00	Highest	$229,775	$9,381	$239,156
ELIZA HOGAN	VICE PRESIDENT, ENGINEERING	40.00	Highest	$197,875	$13,706	$211,581
BROOKS JOHNSON	SENIOR SOFTWARE ENGINEER	40.00	Highest	$202,967	$13,686	$216,653
MARCY CARBAJAL	VP OF PRODUCT AND CUSTOMER EXPERIENCE	40.00	Highest	$189,164	$601	$189,765
AMANDA RIDDLE	DIRECTOR OF SALES	40.00	Highest	$184,937	$12,963	$197,900

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	$15,869,141	$20,627,228	$11,870,156	$-4,758,087
2023	$13,856,418	$17,205,241	$13,125,404	$-3,348,823
2022	$11,871,054	$10,944,081	$11,445,180	$926,973
2021	$9,155,362	$7,084,467	$8,410,551	$2,070,895
2020	$6,581,970	$5,233,439	$5,690,054	$1,348,531
2019	$4,167,286	$4,399,794	$3,701,855	$-232,508
2019	$4,167,286	$4,399,794	$3,701,855	$-232,508
2018	$6,597,620	$3,562,868	$3,670,546	$3,034,752

COMMONLIT INC