CODE2COLLEGE (EIN 812361556) - 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

2016

Legal Domicile

Principal Officer

MATT STEPHENSON

Phone

5127902633

Tax Period

2022-07-01 to 2023-06-30

CODE2COLLEGE, founded in 2016, is a community nonprofit in the Youth Development sector that reported $2.1M in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 69% operating deficit.

Mission

PROVIDING A MULTI-YEAR CAREER PREP AND COLLEGE ACCESS PROGRAM THAT LEVERAGES LOCAL VOLUNTEER TECHNICAL TALENT TO TEACH CODING AND WEB DEVELOPMENT SKILLS TO TRADITIONALLY UNDERREPRESENTED STUDENTS IN ORDER TO PUSH THEM TO AND THROUGH COLLEGE AND INTO STEM CAREERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,546,219

Program Service Revenue $510,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,056,219

Expense Breakdown

Grants Paid $13,779

Salaries & Benefits $2,901,563

Fundraising Expenses $500,687

Program Expenses $2,632,550

Other Expenses $565,795

TOTAL EXPENSES $3,481,137

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,056,219	$2,833,476	-0.3%
Expenses	$3,481,137	$2,811,197	+0.2%
Net Income	$-1,424,918	$22,279	-65.0%

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

750

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

$361,958

Total Directors

$361,958

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT STEPHENSON	EXECUTIVE DIRECTOR	40.00	Officer Director	$350,000	$11,958	$361,958
NEHAL KENIA	BOARD MEMBER	1.00	Director	$0	$0	$0
NICCO MELE	BOARD MEMBER	1.00	Director	$0	$0	$0
KRUPA VANKAYALA	BOARD MEMBER	1.00	Director	$0	$0	$0
RODRIGO BARCENAS	TREASURER	1.00	Officer Director	$0	$0	$0
CLAIRE POLCRACK	CHIEF OF STAFF	40.00	Highest	$127,083	$3,583	$130,666

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,056,219	$3,481,137	$463,233	$-1,424,918
2022	$2,833,476	$2,811,197	$1,805,897	$22,279
2021	$2,337,044	$954,418	$1,746,298	$1,382,626
2020	$751,200	$568,342	$424,955	$182,858
2019	$381,395	$271,980	$151,070	$109,415
2018	$250,290	$191,888	$41,255	$58,402

CODE2COLLEGE