COME TO BELIEVE FOUNDATION

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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

2018

Legal Domicile

Principal Officer

REV STEPHEN KATSOUROS SJ

Phone

2129403832

Tax Period

2023-07-01 to 2024-06-30

COME TO BELIEVE FOUNDATION, founded in 2018, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 175% from the prior year, signaling strong growth momentum. The organization ran a surplus of $756K, a strong 26% operating margin.

Mission

TO PROVIDE HIGHER EDUCATION INSTITUTIONS WITH AN INNOVATIVE, RESULTS- ORIENTED COLLEGE MODEL THAT IS INCLUSIVE AND ACCESSIBLE TO STUDENTS WHO ARE OFTEN UNDERREPRESENTED AT SELECTIVE UNIVERSITIES.

Program Service Accomplishments

Program 1

Expenses: $1,620,517

(1) TO PROVIDE CONSULTATION AND FINANCIAL SUPPORT TO COLLEGES AND UNIVERSITIES THAT WANT TO ADOPT THE COME TO BELIEVE TWO-YEAR COLLEGE MODEL, (THE "CTB MODEL") OFFERING LIBERAL ARTS EDUCATION TO A...

(1) TO PROVIDE CONSULTATION AND FINANCIAL SUPPORT TO COLLEGES AND UNIVERSITIES THAT WANT TO ADOPT THE COME TO BELIEVE TWO-YEAR COLLEGE MODEL, (THE "CTB MODEL") OFFERING LIBERAL ARTS EDUCATION TO A DIVERSE POPULATION, INCLUDING INDIVIDUALS FROM LOW INCOME FAMILIES AND WHOM ARE THE FIRST IN THEIR FAMILY TO PURSUE HIGHER EDUCATION, (2) TO PROVIDE FORMATION AND TRAINING FOR THE DEANS AND THE BOARDS OF COLLEGES AND UNIVERSITIES RELATING TO THE ADOPTION OF THE CTB MODEL; AND (3) TO RESEARCH AND STUDY, AUTHOR, PUBLISH, AND DISTRIBUTE LITERATURE AND OTHER MEDIA AND ENCOURAGE PUBLIC DISCOURSE ON ISSUES PERTINENT TO THE CTB MODEL.

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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 $2,867,344

Program Service Revenue $0

Investment Income $60,272

Other Revenue $0

TOTAL REVENUE $2,927,616

Expense Breakdown

Grants Paid $1,242,500

Salaries & Benefits $352,351

Fundraising Expenses $283,899

Program Expenses $1,620,517

Other Expenses $576,556

TOTAL EXPENSES $2,171,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,927,616	$1,065,240	+1.7%
Expenses	$2,171,407	$983,442	+1.2%
Net Income	$756,209	$81,798	+8.2%

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

$202,011

Total Directors

$9,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV STEPHEN KATSOUROS SJ	PRES & CEO	40.00	Officer Director	$9,500	$0	$9,500
SAMUEL ADAMS	CHIEF OPERAT	40.00	Officer	$168,865	$23,646	$192,511
MARK ARMSTRONG	TREASURER	0.50	Officer Director	$0	$0	$0
REV ROBERT REISER SJ	TRUSTEE	0.50	Director	$0	$0	$0
REV TIMOTHY LANNON SJ	TRUSTEE	0.50	Director	$0	$0	$0
ALICIA DONAHUE	TRUSTEE	0.50	Director	$0	$0	$0
AMY JO DOWD	TRUSTEE	0.50	Director	$0	$0	$0
KWAKU FRIMPONG	TRUSTEE	0.50	Director	$0	$0	$0
KIMBERLY KEISERMAN	TRUSTEE	0.50	Director	$0	$0	$0
JANE MARTINEZ DOWLING	TRUSTEE	0.50	Director	$0	$0	$0
REV STEPHEN MITTEN SJ	TRUSTEE	0.50	Director	$0	$0	$0
JOHN MULLMAN	TRUSTEE	0.50	Director	$0	$0	$0
MARA SMITH	TRUSTEE	0.50	Director	$0	$0	$0
JOHN SMITH	TRUSTEE	0.50	Director	$0	$0	$0
KHUNDMEER SYED	TRUSTEE	0.50	Director	$0	$0	$0
CARMEN ROMERO	TRUSTEE	0.50	Director	$0	$0	$0
JEFFREY WRIGHT	TRUSTEE	0.50	Director	$0	$0	$0
MARIANNE SCHIMELFENIG	TRUSTEE	0.50	Director	$0	$0	$0
AMY STEVENS	TRUSTEE	0.50	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	No data	No data	No data	No data
2024	$2,927,616	$2,171,407	$2,795,514	$756,209
2023	$1,065,240	$983,442	$2,063,723	$81,798
2022	$1,369,889	$772,392	$1,992,357	$597,497
2020	$1,159,038	$119,328	$1,239,322	$1,039,710