COLLEGE BOUND INC (EIN 521761312) - 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

KENNETH WARD

Phone

2028420858

Tax Period

2024-01-01 to 2024-12-31

COLLEGE BOUND INC, founded in 1991, is a small nonprofit in the Education sector that reported $963K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

COLLEGE BOUND PREPARES STUDENTS TO GRADUATE COLLEGE AND ACHIEVE PERSONAL AND PROFESSIONAL GOALS.

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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 $918,261

Program Service Revenue $52,256

Investment Income $847

Other Revenue $-8,849

TOTAL REVENUE $962,515

Expense Breakdown

Grants Paid $225,688

Salaries & Benefits $516,346

Fundraising Expenses $78,930

Program Expenses $946,275

Other Expenses $353,979

TOTAL EXPENSES $1,117,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$962,515	$1,258,197	-0.2%
Expenses	$1,117,913	$1,196,855	-0.1%
Net Income	$-155,398	$61,342	-3.5%

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

575

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

$177,390

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRENEISHA JONES-GASTON	CHAIR (THRU JULY), BOARD MEMBER	8.00	Officer Director	$0	$0	$0
MICHAEL GRANT	BOARD MEMBER, CHAIR (FROM JULY)	8.00	Officer Director	$0	$0	$0
HELYNN STEPHENS-NELSON	BOARD VICE CHAIR	6.00	Officer Director	$0	$0	$0
QUIANA MITCHEM	BOARD TREASURER	6.00	Officer Director	$0	$0	$0
SIOBHAN RAUSCH	BOARD SECRETARY	6.00	Officer Director	$0	$0	$0
MONICA DAVIS	BOARD MEMBER	4.00	Director	$0	$0	$0
DJANGO DEGREE	BOARD MEMBER	4.00	Director	$0	$0	$0
JACQUI FRANCIS	BOARD MEMBER	4.00	Director	$0	$0	$0
TRACEY HUGHES	BOARD MEMBER	4.00	Director	$0	$0	$0
MALINDA LINDSEY	BOARD MEMBER	4.00	Director	$0	$0	$0
GOUTAM PATNAIK	BOARD MEMBER	4.00	Director	$0	$0	$0
ARCHIE RICH	BOARD MEMBER	4.00	Director	$0	$0	$0
AMY TITUS	BOARD MEMBER	4.00	Director	$0	$0	$0
DEBORAH WILLIAMS-LOFTON	BOARD MEMBER	4.00	Director	$0	$0	$0
KENNETH WARD	EXECUTIVE DIRECTOR	60.00	Officer	$153,508	$23,882	$177,390

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
2024	$962,515	$1,117,913	$685,387	$-155,398
2023	$1,258,197	$1,196,855	$879,752	$61,342
2022	$1,206,541	$1,032,059	$731,420	$174,482
2021	$1,130,617	$1,004,198	$668,746	$126,419
2020	$1,021,202	$897,209	$515,487	$123,993
2019	$632,836	$858,858	$259,348	$-226,022
2018	$793,424	$824,021	$590,850	$-30,597

COLLEGE BOUND INC