TOPEKA COLLEGIATE SCHOOL INC (EIN 480940713) - 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

1982

Legal Domicile

Principal Officer

SEAN FROST

Phone

7852280490

Tax Period

2024-09-01 to 2025-08-31

TOPEKA COLLEGIATE SCHOOL INC, founded in 1982, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PREPARE STUDENTS FOR ADVANCED EDUCATION, SUCCESSFUL CAREERS AND RESPONSIBLE CITIZENSHIP THROUGH ACADEMIC EXCELLENCE AND HUMANITARIAN IDEALS.

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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 $400,306

Program Service Revenue $1,598,563

Investment Income $-51,652

Other Revenue $38,685

TOTAL REVENUE $1,985,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,697,486

Fundraising Expenses $97,318

Program Expenses $2,263,996

Other Expenses $911,861

TOTAL EXPENSES $2,609,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,985,902	$4,224,021	-0.5%
Expenses	$2,609,347	$2,483,863	+0.1%
Net Income	$-623,445	$1,740,158	-1.4%

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

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

$141,812

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIDGET ELMER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SUSAN GARLINGHOUSE	SECRETARY	2.00	Officer Director	$0	$0	$0
SCOTT HAMILTON	TREASURER	2.00	Officer Director	$0	$0	$0
ALEXANDRA BLASI	TRUSTEE	1.00	Director	$0	$0	$0
SRIDEVI DONEPUDI	TRUSTEE	1.00	Director	$0	$0	$0
JESSIE GARLINGHOUSE	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN HEIT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HOOPER	TRUSTEE	1.00	Director	$0	$0	$0
MARIE PYKO	TRUSTEE	1.00	Director	$0	$0	$0
MICHAELA SAUNDERS	TRUSTEE	1.00	Director	$0	$0	$0
JANE TILGHMAN	TRUSTEE	1.00	Director	$0	$0	$0
SARAH TOWLE	TRUSTEE	1.00	Director	$0	$0	$0
LYN RANTZ EDD	HEAD OF SCHO	40.00	Officer	$141,812	$0	$141,812
SEAN FROST	PRESIDENT	2.00	Officer Director	$0	$0	$0

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	$1,985,902	$2,609,347	$11,524,852	$-623,445
2024	No data	No data	No data	No data
2023	$4,591,882	$2,623,950	$9,366,943	$1,967,932
2022	$6,127,162	$2,538,222	$7,090,055	$3,588,940
2021	$2,947,349	$2,877,241	$3,506,502	$70,108
2020	$2,187,241	$2,233,189	$3,474,470	$-45,948
2019	$3,158,551	$2,729,767	$3,361,731	$428,784

TOPEKA COLLEGIATE SCHOOL INC