FORMERLY INCARCERATED COLLEGE GRADUATES NETWORK (EIN 832018348) - 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

2018

Legal Domicile

Principal Officer

TERRELL BLOUNT

Phone

2534441853

Tax Period

2024-07-01 to 2025-06-30

FORMERLY INCARCERATED COLLEGE GRADUATES NETWORK, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $946K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROMOTE THE EDUCATION AND EMPOWERMENT OF FORMERLY INCARCERATED PEOPLE THROUGH A COLLECTIVE COMMUNITY.

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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 $911,228

Program Service Revenue $34,672

Investment Income $0

Other Revenue $0

TOTAL REVENUE $945,900

Expense Breakdown

Grants Paid $4,062

Salaries & Benefits $769,930

Fundraising Expenses $212,678

Program Expenses $736,903

Other Expenses $376,130

TOTAL EXPENSES $1,150,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$945,900	$813,413	+0.2%
Expenses	$1,150,122	$660,704	+0.7%
Net Income	$-204,222	$152,709	-2.3%

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

$146,003

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRELL BLOUNT	EXECUTIVE DIRECTOR	4	Officer	$137,104	$8,899	$146,003
DEREK BOYD	DIRECTOR OF FINANCE AND ADMINISTRATION	4	Highest	$102,183	$13,977	$116,160
BENJAMIN WRIGHT	BOARD CHAIR	2	Officer Director	$0	$0	$0
TYLER FOSTER	BOARD VICE CHAIR	2	Officer Director	$0	$0	$0
MICHAEL COSGROVE	BOARD TREASURER	2	Officer Director	$0	$0	$0
STEWART KITCHEN	BOARD SECRETARY	2	Officer Director	$0	$0	$0
SHON HOLMAN-WHEATLEY	BOARD MEMBER	2	Director	$0	$0	$0
FELICIA DIXON	BOARD MEMBER	2	Director	$0	$0	$0
STACY BURNETT	BOARD MEMBER	2	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	$945,900	$1,150,122	$510,909	$-204,222
2024	$813,413	$660,704	$708,072	$152,709
2023	$780,260	$399,850	$522,044	$380,410

FORMERLY INCARCERATED COLLEGE GRADUATES NETWORK