Student Alternatives Program Incorporated (EIN 742598053) - 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

1990

Legal Domicile

Principal Officer

Frances Berrones-Johnson

Phone

9563583856

Tax Period

2023-09-01 to 2024-08-31

Student Alternatives Program Incorporated, founded in 1990, is a mid-sized nonprofit in the Education sector that reported $16.0M in total revenue in fiscal year 2023.

Mission

Student Alternatives Program, Inc. is a nonprofit organization incorporated in Texas dedicated to establishing alternative education programs for at risk students.

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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 (2023)

Revenue Breakdown

Contributions & Grants $15,721,074

Program Service Revenue $112,015

Investment Income $180,633

Other Revenue $0

TOTAL REVENUE $16,013,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,998,735

Fundraising Expenses $0

Program Expenses $10,701,246

Other Expenses $5,894,418

TOTAL EXPENSES $16,893,153

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,013,722	$16,490,610	0.0%
Expenses	$16,893,153	$15,939,102	+0.1%
Net Income	$-879,431	$551,508	-2.6%

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

289

Volunteers

N/A

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

$311,295

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mr David Ojeda Jr	Chairperson	1.00	Officer Director	$0	$0	$0
Ms Annette Ramirez	Vice Chair	1.00	Officer Director	$0	$0	$0
Mr Alfonso Solis	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Mr Joe Curry Jr	Board Member	1.00	Director	$0	$0	$0
Jenni McLelland	Board Member	1.00	Director	$0	$0	$0
Dr Jaime Lopez	Board Member	1.00	Director	$0	$0	$0
Frances Berrones-Johnson	Chief Executive Officier	40.00	Officer	$183,151	$0	$183,151
Myriam Rios	Chief Finacial Officer	40.00	Officer	$128,144	$0	$128,144

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	$16,013,722	$16,893,153	$24,094,412	$-879,431
2023	$16,490,610	$15,939,102	$20,644,126	$551,508
2022	$15,630,025	$15,428,725	$20,245,994	$201,300
2021	$15,118,019	$13,307,177	$19,593,024	$1,810,842
2020	$14,635,067	$13,654,788	$19,170,074	$980,279
2019	$13,959,876	$13,891,159	$18,374,412	$68,717
2018	$13,258,685	$13,148,396	$18,444,842	$110,289

Student Alternatives Program Incorporated