STUDY GROUP SOLUTIONS INC

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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

2017

Legal Domicile

Principal Officer

NOAH RAFORD

Phone

8778295500

Tax Period

2024-07-01 to 2025-06-30

STUDY GROUP SOLUTIONS INC, founded in 2017, is a small nonprofit in the Education sector that reported $307K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $863K exceeded revenue, resulting in a 181% operating deficit.

Mission

THE STUDY GROUP'S PURPOSE IS TO ADVANCE THE BEST ASSESSMENT, DATA, AND ARTIFICIAL INTELLIGENCE PRACTICE, TECHNOLOGY, AND POLICY; UNCOVER FUTURE DESIGN NEEDS AND OPPORTUNITIES FOR EDUCATIONAL AND WORKFORCE SYSTEMS: AND GENERATE RECOMMENDATIONS TO BETTER MEET THE NEEDS OF STUDENTS, WORKERS, FAMILIES, AND EDUCATORS.

Program Service Accomplishments

Program 1

Expenses: $745,309 Revenue: $30,000

TO ADVANCE THE BEST OF ASSESSMENT, DATA, AND ARTIFICIAL INTELLIGENCE PRACTICE, TECHNOLOGY, AND POLICY; UNCOVER FUTURE DESIGN NEEDS AND OPPORTUNITIES FOR EDUCATIONAL AND WORKFORCE SYSTEMS; AND...

TO ADVANCE THE BEST OF ASSESSMENT, DATA, AND ARTIFICIAL INTELLIGENCE PRACTICE, TECHNOLOGY, AND POLICY; UNCOVER FUTURE DESIGN NEEDS AND OPPORTUNITIES FOR EDUCATIONAL AND WORKFORCE SYSTEMS; AND GENERATE RECOMMENDATIONS TO BETTER MEET THE NEEDS OF STUDENTS, WORKERS, FAMILIES, AND EDUCATORS.

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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 $276,666

Program Service Revenue $30,000

Investment Income $31

Other Revenue $50

TOTAL REVENUE $306,747

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $429,629

Fundraising Expenses $22,829

Program Expenses $745,309

Other Expenses $423,263

TOTAL EXPENSES $862,892

Year-over-Year Comparison

	2024	2023	Change
Revenue	$306,747	$6,235,021	-1.0%
Expenses	$862,892	$6,971,253	-0.9%
Net Income	$-556,145	$-736,232	-0.2%

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

$390,986

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOAH RAFORD	CHAIR	1.00	Officer Director	$0	$0	$0
JEREMIAH KITTREDGE	TREASURER	1.00	Officer Director	$0	$0	$0
KATE COCHRAN	SECRETARY	1.00	Officer Director	$0	$0	$0
TRICIA FORREST	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC WALLENSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC TUCKER	CEO	45.00	Officer	$210,386	$1,395	$211,781
SHERYL GOMEZ	CFOO	45.00	Officer	$178,579	$626	$179,205

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	$306,747	$862,892	$784,531	$-556,145
2024	No data	No data	No data	No data
2023	$6,096,630	$5,256,546	$12,319,188	$840,084
2022	$4,243,219	$6,848,841	$14,337,899	$-2,605,622
2021	$6,569,238	$6,252,065	$20,397,240	$317,173
2020	$4,546,197	$5,528,166	$14,950,559	$-981,969
2019	$5,543,793	$4,636,380	$14,560,970	$907,413
2018	$1,130,799	$1,734,233	$5,421,672	$-603,434