SAGA INNOVATIONS INC (EIN 472168942) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

ALAN SAFRAN

Phone

3392034700

Tax Period

2024-07-01 to 2025-06-30

SAGA INNOVATIONS INC, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $18.7M in total revenue in fiscal year 2024. Expenses of $25.4M exceeded revenue, resulting in a 36% operating deficit.

Mission

SAGA INNOVATIONS IS A NONPROFIT ORGANIZATION BASED IN BOSTON, MA DEDICATED TO TRANSFORMING AMERICAN PUBLIC EDUCATION. SAGA DRIVES THE EXPANSION OF NATIONALLY RECOGNIZED INNOVATION OF HIGH-DOSAGE, INTENSIVE DAILY TUTORING WHERE TUTORING IS A PART OF THE REGULAR SCHOOL DAY FOR STUDENTS AS A SCHEDULED CLASS PERIOD. WE PARTNER WITH DISTRICT PUBLIC SCHOOLS TO PROVIDE STUDENTS THE OPPORTUNITY TO WORK WITH A QUALIFIED, ENGAGING TUTOR WHO TAILORS INSTRUCTION TO THE NEEDS OF TWO STUDENTS AT A TIME.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,956,394

Program Service Revenue $5,124,504

Investment Income $659,885

Other Revenue $0

TOTAL REVENUE $18,740,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,925,712

Fundraising Expenses $433,424

Program Expenses $21,564,815

Other Expenses $4,500,536

TOTAL EXPENSES $25,426,248

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,740,783	$17,921,939	+0.0%
Expenses	$25,426,248	$29,439,600	-0.1%
Net Income	$-6,685,465	$-11,517,661	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

481

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

$1,150,848

Total Directors

$562,283

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN SAFRAN	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$338,196	$7,520	$345,716
ANTONIO GUTIERREZ	CPPAO (UNTIL 4/15/25)	40.00	Officer Director	$212,196	$4,371	$216,567
MELANIE DUKES	TREASURER	0.50	Officer Director	$0	$0	$0
JARED TAILLEFER	CLERK	0.50	Officer Director	$0	$0	$0
KARINE APOLLON	DIRECTOR	0.50	Director	$0	$0	$0
KARL REID	DIRECTOR	0.50	Director	$0	$0	$0
PHYLLIS LOCKETT	DIRECTOR	0.50	Director	$0	$0	$0
ALEX CORTEZ	DIRECTOR (UNTIL 11/1/24)	0.50	Director	$0	$0	$0
JENNIE MAGIERA	DIRECTOR	0.50	Director	$0	$0	$0
JULIA QUINN	DIRECTOR	0.50	Director	$0	$0	$0
KASSIE DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL LEVINE	DIRECTOR	0.50	Director	$0	$0	$0
TONY LUCKETT	DIRECTOR	0.50	Director	$0	$0	$0
WENDY LEE HAINES	DIRECTOR	0.50	Director	$0	$0	$0
MONIVETT ACEVEDO	CHIEF FINANCIAL OFFICER	40.00	Officer	$186,955	$17,366	$204,321
CHRISTOPHER DUPUIS	CHIEF DIRECT PROGRAMS OFFICER	40.00	Officer	$186,227	$7,550	$193,777
TIFFANI BIBB	CHIEF PEOPLE AND CULTURE OFFICER	40.00	Officer	$171,367	$19,100	$190,467
YESSICA CANCEL	PRESIDENT	40.00	Highest	$298,520	$19,223	$317,743
SEAN KELLY	VP ENGINEERING	40.00	Highest	$214,098	$9,907	$224,005
THOMAS FISCHABER	CHIEF TECHNOLOGY OFFICER	40.00	Highest	$193,002	$19,333	$212,335
JEFFREY WARD	PRINCIPAL SOFTWARE ENGINEER	40.00	Highest	$170,810	$17,686	$188,496
R BRENT MILNE	VP PRODUCT R&D	40.00	Highest	$176,103	$11,210	$187,313

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	$18,740,783	$25,426,248	$13,941,671	$-6,685,465
2024	$17,921,939	$29,439,600	$20,968,981	$-11,517,661
2023	$28,786,307	$27,184,992	$32,685,345	$1,601,315
2022	$39,236,690	$21,415,589	$30,229,601	$17,821,101
2021	$21,703,824	$15,003,193	$11,826,176	$6,700,631
2020	$10,818,986	$8,783,406	$4,857,146	$2,035,580
2019	$6,142,839	$7,428,008	$3,098,860	$-1,285,169
2018	$5,547,563	$10,057,668	$4,012,882	$-4,510,105

SAGA INNOVATIONS INC