SURGE INSTITUTE (EIN 471995566) - 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

CARMITA SEMAAN

Phone

3122436683

Tax Period

2023-07-01 to 2024-06-30

SURGE INSTITUTE, founded in 2014, is a community nonprofit in the Education sector that reported $8.1M in total revenue in fiscal year 2023. Revenue surged 105% from the prior year, signaling strong growth momentum. Expenses of $7.0M left a modest 13% surplus.

Mission

THE SURGE INSTITUTE WAS ESTABLISHED TO BROADLY ADDRESS THE ISSUES OF RACE AND CLASS IN URBAN EDUCATION THROUGH LEADERSHIP DEVELOPMENT, TECHNICAL ASSISTANCE, AND ADVOCACY.

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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 $6,046,810

Program Service Revenue $1,612,773

Investment Income $396,705

Other Revenue $11,953

TOTAL REVENUE $8,068,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,832,619

Fundraising Expenses $854,124

Program Expenses $5,320,299

Other Expenses $3,191,672

TOTAL EXPENSES $7,024,291

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,068,241	$3,927,387	+1.1%
Expenses	$7,024,291	$7,575,402	-0.1%
Net Income	$1,043,950	$-3,648,015	-1.3%

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

$1,226,488

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRYL COBB	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
PAULA SNEED	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
JEAN CLAUDE BRIZARD	BOARD MEMBER	2.00	Director	$0	$0	$0
ANA MARTINEZ SHROPSHIRE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARGARITA FLOREZ VASCONCELOS	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIA HEREDIA	BOARD MEMBER	2.00	Director	$0	$0	$0
TERESA WARD-MAUPIN	BOARD MEMBER	2.00	Director	$0	$0	$0
CARMITA SEMAAN	FOUNDER AND PRESIDENT	40.00	Officer	$389,407	$2,781	$392,188
SHANA ALFARO	COO (THRU 6/24)	40.00	Officer	$277,201	$31,890	$309,091
WILLIAM COLLINS	CHIEF ADVANCEMENT OFFICER	40.00	Officer	$290,340	$19,877	$310,217
JANAIA NASH	CHIEF PROGRAM OFFICER	40.00	Officer	$200,625	$14,367	$214,992
TAMARA PRATHER	EXECUTIVE DIRECTOR, CHICAGO (THRU 10/23)	40.00	Highest	$115,925	$12,405	$128,330
YVONNE RODRIGUEZ	DIRECTOR, NATIONAL PROGRAM TALENT	40.00	Highest	$136,607	$15,941	$152,548
ANDREA EVANS	EXECUTIVE DIRECTOR, ACADEMY	40.00	Highest	$147,507	$9,683	$157,190
TARASHAUN CAIN	EXECUTIVE DIRECTOR, BPN	40.00	Highest	$150,559	$15,430	$165,989
TIARA WHEATLEY	VP ALUMNI IMPACT	40.00	Highest	$144,782	$9,374	$154,156

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	No data	No data	No data	No data
2024	$8,068,241	$7,024,291	$12,434,892	$1,043,950
2023	$3,927,387	$7,575,402	$11,281,833	$-3,648,015
2022	$13,753,598	$4,766,410	$15,018,896	$8,987,188
2021	$6,811,367	$3,810,460	$5,938,296	$3,000,907
2020	$3,313,722	$3,607,727	$2,808,672	$-294,005
2019	$4,104,702	$3,591,356	$2,828,670	$513,346

SURGE INSTITUTE