AdmissionSquad Inc

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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

2016

Legal Domicile

Principal Officer

TAIESHA ABRAMS

Phone

3473138378

Tax Period

2022-01-01 to 2022-12-31

AdmissionSquad Inc, founded in 2016, is a small nonprofit in the Education sector that reported $120K in total revenue in fiscal year 2022. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $189K exceeded revenue, resulting in a 58% operating deficit.

Mission

THE ORGANIZATION IS A NONPROFIT ORGANIZATION ON A MISSION TO GET TALENTED MIDDLE SCHOOLERS FROM UNDERREPRESENTED BACKGROUNDS INTO THE TOP 10% OF NEW YORK CITY PUBLIC HIGH SCHOOLS THROUGH TEST PREP, APPLICATION ADVISEMENT AND MENTORSHIP FROM GRADUATES OF TOP SCHOOLS AND HIGHLY SOUGHT-AFTER CAREER PATHS. FOUNDED AND DIRECTED BY TAI ABRAMS, A GRADUATE OF BRONX SCIENCE AND DUKE UNIVERSITY, THE ORGANIZATION AIMS TO CLOSE THE INFORMATION GAP FOR PARENTS AND CLOSE THE CONTENT READINESS GAP FOR STUDENTS. THE ORGANIZATION BELIEVES THAT EARLY AWARENESS AND PREPARATION CAN DRAMATICALLY CHANGE THE ADMISSIONS OUTCOME FOR PROMISING STUDENTS IN THE HIGH SCHOOL APPLICATION PROCESS.

Program Service Accomplishments

Program 1

Expenses: $100,000 Revenue: $40,054

SHSAT Summer and Fall Boot Camp: ADMISSIONSQUAD HAS MAINTAINED AN 80% SUCCESS RATE OF PLACING TALENTED, UNDERSERVED STUDENTS INTO NEW YORK CITYS MOST HIGHLY SOUGHT-AFTER HIGH SCHOOLS. OUT OF 10 BLACK STUDENTS WHO PLACED INTO STUYVESANT HIGH SCHOOL, TWO OF THOSE STUDENTS CAME FROM ADMISSIONSQUAD. OUR STUDENTS TYPICALLY ATTEND THE FOLLOWING HIGH SCHOOLS: STUYVESANT HIGH SCHOOL, BRONX SCIENCE, BROOKLYN TECHNICAL HIGH SCHOOL, BARD EARLY COLLEGE HIGH SCHOOL, LEON M GOLDSTEIN, BEACON HIGH SCHOOL AND MIDWOODS SCREENED HIGH SCHOOL PROGRAMS. OUR STUDENTS ARE WELL PREPARED FOR THE RIGOR OF ATTENDING A TOP NYC HIGH SCHOOL.ADMISSIONSQUAD HOSTED HIGH SCHOOL ADMISSIONS WORKSHOPS BOTH IN-PERSON AND VIRTUAL FOR ALMOST 1,000 FAMILIES TO HELP CLOSE THE INFORMATION GAP FOR FAMILIES IN SCHOOL DISTRICTS THAT HAVE A LOW POPULATION OF STUDENTS MATRICULATING INTO SELECTIVE NYC HIGH SCHOOLS. THESE WORKSHOPS HELPED TO SPREAD AWARENESS TO HIGH-NEED AREAS AND HELPED TO IDENTIFY STUDENTS WITH THE ACADEMIC POTENTIAL TO PLACE INTO AN ELITE HIGH SCHOOL.

Program 2

Expenses: $55,000 Revenue: $25,436

Early Start Program: ADMISSIONSQUAD RECRUITS STUDENTS FROM 5TH, 6TH OR 7TH GRADE TO PARTICIPATE IN A TEST PREPARATION PROGRAM THAT TAKES PLACE IN THE SPRING SEMESTER AND FALL SEMESTRE OF EACH YEAR...

Early Start Program: ADMISSIONSQUAD RECRUITS STUDENTS FROM 5TH, 6TH OR 7TH GRADE TO PARTICIPATE IN A TEST PREPARATION PROGRAM THAT TAKES PLACE IN THE SPRING SEMESTER AND FALL SEMESTRE OF EACH YEAR. STUDENTS RECEIVE RIGOROUS TEST PREPARATION FOR THE ANNUAL STATE EXAM AND WILL GAIN EARLY EXPOSURE TO GRADE APPROPRIATE CONCEPTS THAT ARE TESTED ON THE SPECIALIZED HIGH SCHOOL ADMISSIONS TEST (SHSAT). PARENTS ALSO RECEIVE AN OPPORTUNITY TO ATTEND PARENTS WORKSHOPS THAT PROVIDE EARLY EXPOSURE TO THE TOP HIGH SCHOOL ADMISSIONS PROCESS. EARLY START STUDENTS ARE ALSO INVITED TO PARTICIPATE IN SCHOOL VISITS AND MENTORSHIP OPPORTUNITIES TO INCREASE EXPOSURE AND BOOST CONFIDENCE IN THE PROCESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $53,219

Program Service Revenue $65,810

Investment Income $0

Other Revenue $575

TOTAL REVENUE $119,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,127

Fundraising Expenses $11,720

Program Expenses $155,000

Other Expenses $59,567

TOTAL EXPENSES $188,694

Year-over-Year Comparison

	2022	2021	Change
Revenue	$119,604	$356,894	-0.7%
Expenses	$188,694	$225,381	-0.2%
Net Income	$-69,090	$131,513	-1.5%

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

$80,000

Total Directors