First Generation College Bound Inc (EIN 521720876) - 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

1991

Legal Domicile

Principal Officer

Joseph Fisher

Phone

3014900911

Tax Period

2024-07-01 to 2025-06-30

First Generation College Bound Inc, founded in 1991, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

FGCB exists to inspire low income and first-generation youth to achieve their social and economic success by providing advice, encouragement, and support to obtain a college degree.

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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 $1,564,039

Program Service Revenue $10,100

Investment Income $66,931

Other Revenue $0

TOTAL REVENUE $1,641,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,048,206

Fundraising Expenses $190,753

Program Expenses $1,370,429

Other Expenses $720,224

TOTAL EXPENSES $1,768,430

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,641,070	$1,806,803	-0.1%
Expenses	$1,768,430	$1,545,446	+0.1%
Net Income	$-127,360	$261,357	-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

$113,300

Total Directors

$113,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Fisher	CEO	40.00	Officer Director	$110,000	$3,300	$113,300
Janice Breslin-Doyle	Acting Board Chair	2.00	Officer Director	$0	$0	$0
Michael Wood	Secretary	1.00	Officer Director	$0	$0	$0
Florence Akadje	Director	1.00	Director	$0	$0	$0
Robb Cecil	Director	1.00	Director	$0	$0	$0
Benee Edwards	Director	1.00	Director	$0	$0	$0
Raymond Farmer	Director	1.00	Director	$0	$0	$0
Brad Frome	Director	1.00	Director	$0	$0	$0
Tracey Jamison	Director	1.00	Director	$0	$0	$0
Anil Kochhar	Director	1.00	Director	$0	$0	$0
Marquise McCoy	Director	1.00	Director	$0	$0	$0
Nora McNamara	Director	1.00	Director	$0	$0	$0
Doris Reed	Director	1.00	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	$1,641,070	$1,768,430	$2,348,112	$-127,360
2024	$1,806,803	$1,545,446	$2,509,743	$261,357
2023	$1,933,298	$1,280,391	$2,290,586	$652,907
2022	$1,307,851	$1,077,796	$1,292,907	$230,055
2021	$1,275,240	$992,084	$1,154,892	$283,156
2020	$1,130,919	$1,028,586	$851,569	$102,333
2020	$1,130,919	$1,028,586	$851,569	$102,333
2019	$1,205,465	$948,508	$612,691	$256,957
2018	$864,722	$846,539	$388,954	$18,183

First Generation College Bound Inc