FORMERLY INCARCERATED COLLEGE GRAD… - Form 990 Financial Data

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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

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

Program Service Accomplishments

Program 1

Expenses: $308,614 Revenue: $0

PLACE: THE PATHWAYS TO LEADERSHIP ADVANCEMENT AND CAREER EXCELLENCE (PLACE) PROGRAM FOCUSES ON THE UNIQUE NEEDS OF STUDENTS AND PROFESSIONAL MEMBERS IN REENTRY PURSUING ADVANCEMENT IN THEIR CAREERS THROUGH LEADERSHIP DEVELOPMENT AND SKILL ATTAINMENT. OUR GOAL IS TO PROVIDE RESOURCES, MENTORSHIP, AND NETWORKING OPPORTUNITIES THAT WILL HELP THESE INDIVIDUALS BUILD SUCCESSFUL AND FULFILLING CAREERS. PLACE FOCUSES ON FOUR KEY PROJECT ACTIVITY AREAS FOR FICGN MEMBERS - EDUCATION AND TRAINING, EMPLOYMENT AND RECRUITMENT, LEADERSHIP DEVELOPMENT, AND COMMUNITY AND CIVIC ENGAGEMENT.

Program 2

Expenses: $202,669 Revenue: $20,480

CAPSS: THE CENTER FOR ACADEMIC PERSISTENCE AND STUDENT SUCCESS (CAPSS) IS FICGN'S MAINSTAY FOR DOING WORK IN HIGHER EDUCATION IN PRISON AND REENTRY. PROGRAMS WITHIN THE CENTER AIM TO ENRICH THE...

CAPSS: THE CENTER FOR ACADEMIC PERSISTENCE AND STUDENT SUCCESS (CAPSS) IS FICGN'S MAINSTAY FOR DOING WORK IN HIGHER EDUCATION IN PRISON AND REENTRY. PROGRAMS WITHIN THE CENTER AIM TO ENRICH THE LEARNING AND TEACHING EXPERIENCE BY EMPOWERING STUDENTS AND EDUCATORS WITH ACCESS TO EDUCATIONAL AND FINANCIAL RESOURCES THAT SUPPORT THE TEACHING AND LEARNING JOURNEY THROUGH DEGREE ATTAINMENT.

Program 3

Expenses: $86,203 Revenue: $0

FIND: FIND (FORMERLY INCARCERATED NETWORK DEVELOPMENT) BRINGS TOGETHER INDIVIDUALS WITH LIVED EXPERIENCE TO CONNECT, SUPPORT, AND CELEBRATE EACH OTHER. EVENTS CAN BE INFORMAL MEETUPS OR LARGER, MORE ORGANIZED GATHERINGS. THESE EVENTS ARE TO FOSTER A SENSE OF BELONGING AND WITHIN A LOCAL COMMUNITY AND TO HELP LAY THE GROUNDWORK FOR ROBUST AND ACTIVE LOCAL FICGN NETWORKS.

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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