TOP NOTCH SCHOLARS INC (EIN 464527723) - 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

2014

Legal Domicile

Principal Officer

JOANNA DE PENA

Phone

9789948060

Tax Period

2023-01-01 to 2023-12-31

TOP NOTCH SCHOLARS INC, founded in 2014, is a small nonprofit in the Education sector that reported $626K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $560K left a modest 11% surplus.

Mission

TOP NOTCH HELPS KIDS IDENTIFY THEIR LIFE PASSION AND CAREER GOALS AND THEN MAP OUT THE INTENTIONAL STEPS THAT WILL ULTIMATELY LEAD TO SUCCESS, AS THEYVE DEFINED IT FOR THEMSELVES. WE CONNECT OUR YOUTH WITH RELEVANT INTERNSHIPS AND MENTORS TO GAIN THE CONFIDENCE, SKILLS, AND DISCIPLINE TO STAY ON TRACK IN EXECUTING THEIR PLAN.

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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 $596,756

Program Service Revenue $28,745

Investment Income $4

Other Revenue $0

TOTAL REVENUE $625,505

Expense Breakdown

Grants Paid $18,013

Salaries & Benefits $269,432

Fundraising Expenses $27

Program Expenses $455,018

Other Expenses $272,112

TOTAL EXPENSES $559,557

Year-over-Year Comparison

	2023	2022	Change
Revenue	$625,505	$439,863	+0.4%
Expenses	$559,557	$342,350	+0.6%
Net Income	$65,948	$97,513	-0.3%

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

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

$166,576

Total Directors

$166,576

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD HILL	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOANNA DE PENA	CEO	40.00	Officer Director	$91,088	$0	$91,088
HOOKS JOHNSTON	DIRECTOR	2.00	Director	$0	$0	$0
ALISON DOLAN	DIRECTOR	2.00	Director	$0	$0	$0
JOE ZINGALES	DIRECTOR	2.00	Director	$0	$0	$0
ALEX MERCEDES	DIRECTOR	2.00	Director	$0	$0	$0
JENNY ALVAREZ	TREASURER	40.00	Officer Director	$75,488	$0	$75,488

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	$625,505	$559,557	$494,204	$65,948
2023	$707,018	$549,770	$533,404	$157,248
2022	$439,863	$342,350	$257,714	$97,513
2021	$287,150	$226,056	$175,096	$61,094

TOP NOTCH SCHOLARS INC