COLLEGE SUMMIT INC (EIN 522007028) - 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

1996

Legal Domicile

Principal Officer

GARY Z LINNEN

Phone

2023191763

Tax Period

2024-05-01 to 2025-04-30

COLLEGE SUMMIT INC, founded in 1996, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $6.4M exceeded revenue, resulting in a 38% operating deficit.

Mission

PEERFORWARD TRANSFORMS THE LIVES OF LOW-INCOME YOUTH BY CONNECTING THEM TO COLLEGE AND CAREER.

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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 $3,067,948

Program Service Revenue $1,077,468

Investment Income $189,325

Other Revenue $284,408

TOTAL REVENUE $4,619,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,414,459

Fundraising Expenses $872,564

Program Expenses $4,169,913

Other Expenses $2,955,551

TOTAL EXPENSES $6,370,010

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,619,149	$2,739,665	+0.7%
Expenses	$6,370,010	$5,942,306	+0.1%
Net Income	$-1,750,861	$-3,202,641	-0.5%

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

136

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

$840,519

Total Directors

$506,945

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY Z LINNEN	CEO	40.00	Officer Director	$318,231	$28,504	$346,735
RENEE TRIBBETT	SECRETARY/MD OF OPERATIONS	40.00	Officer Director	$133,223	$26,987	$160,210
NICHOLAS M FLORIO	CHAIR	1.00	Officer Director	$0	$0	$0
JEREMY ACABA	BOARD MEMBER	1.00	Director	$0	$0	$0
BORIS BERSHTEYN	BOARD MEMBER	1.00	Director	$0	$0	$0
BILLY BUTCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
HOWARD BYCK	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY CAMPANELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
KARIN GOLDMARK	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT GRASTY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSHUA GREENWALD	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY HOEFFNER	BOARD MEMBER	1.00	Director	$0	$0	$0
AADON PENNY	BOARD MEMBER	1.00	Director	$0	$0	$0
DIONNE ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JB SCHRAMM	BOARD MEMBER	1.00	Director	$0	$0	$0
HANNAH TALL	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA WARREN	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK S WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
RAQUEL FIGUEROA	MD OF PROGRAM & INNOVATION	40.00	Officer	$152,017	$29,858	$181,875
SHYLA INGRAM MD OF	FINANCE, TREASURER - AS OF 06/24	40.00	Officer	$130,528	$21,171	$151,699
AMANDA HALE	MD OF DEVELOPMENT	40.00	Highest	$104,574	$13,116	$117,690
ARMANDO COLLAZO	DIRECTOR OF DEVELOPMENT	40.00	Highest	$122,420	$17,105	$139,525
JULIE CIPRIANI	MD OF MARKETING & CREATIVE SERVICES	40.00	Highest	$120,541	$18,332	$138,873
CHRISTOPHER SHIRES	DIRECTOR, STRATEGIC PARTNERSHIPS	40.00	Highest	$113,992	$16,051	$130,043

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	$4,619,149	$6,370,010	$9,650,165	$-1,750,861
2024	$2,739,665	$5,942,306	$11,751,729	$-3,202,641
2023	$13,658,288	$4,693,628	$15,291,276	$8,964,660
2022	$6,077,996	$3,645,426	$4,976,677	$2,432,570
2021	$4,272,984	$3,193,016	$3,484,168	$1,079,968
2020	$3,192,377	$5,712,496	$2,298,360	$-2,520,119
2019	$3,974,455	$4,836,426	$4,386,837	$-861,971
2018	$2,729,190	$6,315,638	$4,689,328	$-3,586,448

COLLEGE SUMMIT INC