CloseGap (EIN 822357532) - 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

2017

Legal Domicile

Principal Officer

Rachel Miller

Phone

8184973876

Tax Period

2025-01-01 to 2025-12-31

CloseGap, founded in 2017, is a small nonprofit in the Human Services sector that reported $652K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The goal of CloseGap is to ensure every student has access to daily emotional support and mental health resources.

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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 (2025)

Revenue Breakdown

Contributions & Grants $534,340

Program Service Revenue $118,127

Investment Income $0

Other Revenue $0

TOTAL REVENUE $652,467

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $402,267

Fundraising Expenses $86,803

Program Expenses $437,538

Other Expenses $207,024

TOTAL EXPENSES $639,291

Year-over-Year Comparison

	2025	2024	Change
Revenue	$652,467	$581,382	+0.1%
Expenses	$639,291	$388,372	+0.6%
Net Income	$13,176	$193,010	-0.9%

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

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

$162,069

Total Directors

$162,069

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rachel Miller	President/CEO	40.00	Officer Director	$151,463	$10,606	$162,069
Donald McKendrick	Chief Tech Officer	40.00		$138,829	$13,498	$152,327
Melissa Field	CFO/Chair	4.00	Officer Director	$0	$0	$0
Joshua White	Secretary	0.25	Officer Director	$0	$0	$0
Fred Tan	Director	0.25	Director	$0	$0	$0

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	$652,467	$639,291	$472,995	$13,176
2024	$581,382	$388,372	$430,052	$193,010
2023	$354,000	$267,521	$109,585	$86,479
2023	$354,000	$267,521	$109,585	$86,479
2023	$286,979	$222,925	$182,632	$64,054
2022	$254,094	$346,457	$23,106	$-92,363
2022	$254,094	$346,457	$23,106	$-92,363
2021	$313,958	$199,747	$115,438	$114,211

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