READY TO SUCCEED

EIN: 832282113 501(c)(3) Education

SANTA MONICA, CA

Total Revenue
$4,548,021
Total Expenses
$2,851,054
Total Assets
$3,092,875
Net Assets
$2,883,307
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
ROMI LASSALLY
Phone
4245816296
Tax Period
2022-07-01 to 2023-06-30

READY TO SUCCEED, founded in 2018, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2022. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 37% operating margin.

Mission

READY TO SUCCEED (RTS) IS A NON PROFIT EMPOWERING FOSTER YOUTH IN COLLEGE TO PREPARE FOR THE PROFESSIONAL WORLD AND BUILD PATHWAYS TO EMPLOYMENT. WE DO THIS THROUGH A UNIQUE, MULTI-YEAR PROGRAM THAT PROVIDES OUR RTS STUDENTS WITH PERSONALIZED CAREER ADVISING, ACCESS TO PROFESSIONAL NETWORKS AND PLACEMENT IN PAID INTERNSHIPS. UPON COMPLETION OF OUR PROGRAM, RTS SCHOLARS HAVE THE SKILLS, RELATIONSHIPS AND EXPERIENCES THEY NEED TO LAUNCH THEIR CAREERS AND PURSUE THEIR DREAMS.

Program Service Accomplishments

Program 1
Expenses: $1,368,281

CAREER ACCELERATOR FOR FIRST-GENERATION COLLEGE STUDENTS: THE CAREER ACCELERATOR FOR FIRST-GENERATION COLLEGE STUDENTS LAUNCHED IN DECEMBER 2021 AND WAS GENEROUSLY FUNDED BY THE RIC AND SUZANNE KAYNE...

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CAREER ACCELERATOR FOR FIRST-GENERATION COLLEGE STUDENTS: THE CAREER ACCELERATOR FOR FIRST-GENERATION COLLEGE STUDENTS LAUNCHED IN DECEMBER 2021 AND WAS GENEROUSLY FUNDED BY THE RIC AND SUZANNE KAYNE FOUNDATION. THE PARTICIPANTS OF THIS PROGRAM ARE REQUIRED TO ATTEND CAL STATE AND UNIVERSITY OF CALIFORNIA SCHOOLS AND PURSUE CAREERS IN BUSINESS OR STEM RELATED INDUSTRIES. THIS PROGRAM PROVIDES ALL OF THE COMPONENTS OF THE CAREER ACCELERATOR PROGRAM FOR FOSTER YOUTH WITH THE ADDITION OF A LOAN REPAYMENT PROGRAM.

Program 2
Expenses: $614,029

THE RTS CAREER ACCELERATOR PROGRAM IS A HOLISTIC, FOUR-YEAR CAREER SUCCESS PROGRAM THAT ADDRESSES AND SUPPORTS EACH RTS SCHOLAR'S SOCIAL, EMOTIONAL, FINANCIAL AND PHYSICAL NEEDS, WITH THE GOAL OF...

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THE RTS CAREER ACCELERATOR PROGRAM IS A HOLISTIC, FOUR-YEAR CAREER SUCCESS PROGRAM THAT ADDRESSES AND SUPPORTS EACH RTS SCHOLAR'S SOCIAL, EMOTIONAL, FINANCIAL AND PHYSICAL NEEDS, WITH THE GOAL OF EMPOWERING THEM TO LAUNCH SUCCESSFUL CAREERS. SCHOLARS JOIN THE RTS PROGRAM AS RISING SOPHOMORES AND JUNIORS AND ARE ASSIGNED A PERSONAL CAREER NAVIGATOR AND ADVISOR WHO STAYS WITH THEM THROUGH COLLEGE GRADUATION AND ONE FULL YEAR OF POST-GRADUATE EMPLOYMENT. THIS ADVISOR IS OFTEN THE FIRST TRUSTED ADULT AND ROLE MODEL FOR OUR STUDENTS. EACH ADVISOR GUIDES THEIR SCHOLARS THROUGH ALL THE PROGRAM COMPONENTS SPECIFICALLY DESIGNED TO DRIVE OUR STUDENTS' CAREER SUCCESS INCLUDING: 1:1 COACHING AND CAREER WORKSHOPS; NETWORK BUILDING THROUGH ENGAGEMENT WITH AN ACTIVE NETWORK OF 500+ PROFESSIONALS; SOCIAL, EMOTIONAL, AND MENTAL HEALTH SUPPORT THROUGH MONTHLY COMMUNITY BUILDING AND WELLNESS EVENTS AND ACCESS TO A ROBUST RESOURCE NETWORK TO ADDRESS HOUSING, TRANSPORTATION, FOOD, AND OTHER BASIC NEEDS; INTERNSHIP PLACEMENT AND JOB SEARCH SUPPORT AND FINANCIAL SUPPORT, WITH A $5,000 STIPEND TO SUPPORT BASIC NEEDS FOR ALL ACTIVE UNDERGRADUATE SCHOLARS. THIS INTEGRATED APPROACH ULTIMATELY RESULTS IN YOUTH PERSISTING IN AND GRADUATING FROM COLLEGE, AND SECURING CAREER TRACK JOBS.

Program 3
Expenses: $144,308

PROJECT DORM ROOM: THE PROGRAM PROVIDES DORM ROOM ESSENTIALS TO INCOMING FRESHMEN AND TRANSFER FOSTER YOUTH STUDENTS AT SEVERAL CALIFORNIA COLLEGES AND UNIVERSITIES, AND CURRENTLY AT ONE OUT-OF-STATE...

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PROJECT DORM ROOM: THE PROGRAM PROVIDES DORM ROOM ESSENTIALS TO INCOMING FRESHMEN AND TRANSFER FOSTER YOUTH STUDENTS AT SEVERAL CALIFORNIA COLLEGES AND UNIVERSITIES, AND CURRENTLY AT ONE OUT-OF-STATE INSTITUTION, ARIZONA STATE UNIVERSITY. STUDENTS RECEIVE LIVING SUPPLIES SUCH AS BED SHEETS, BATH TOWELS, TOILETRIES, HANGERS, LAMPS, AND COLLEGE SWAG TO HELP MAKE THEIR MOVE-IN EXPERIENCE LESS BURDENSOME. WE ALSO PROVIDE GIFT CARDS TO PURCHASE ADDITIONAL ITEMS WORTH OVER $500 TO ENSURE STUDENTS HAVE EVERYTHING THEY NEED TO BEGIN THEIR COLLEGE JOURNEY FEELING SUPPORTED AND CARED FOR. BEYOND PROVIDING THE MOVE-IN SUPPLIES, STAFF AND VOLUNTEERS ALSO HELP STUDENTS PHYSICALLY MOVE THEIR ITEMS AND BELONGINGS INTO THEIR DORM ROOM, AND PARTICIPATE IN PACKING AND SENDING CARE PACKAGES THROUGHOUT THE YEAR. THE PROGRAM ALSO SERVES AS A RECRUITING PIPELINE FOR FOSTER YOUTH TO JOIN THE RTS PROGRAM DURING THE SOPHOMORE YEAR OF THEIR UNDERGRADUATE STUDIES. THE YAC SCHOLARS (YOUTH ADVISORY COUNCIL): ARE A GROUP OF COLLEGE STUDENTS AND RECENT COLLEGE GRADUATES SELECTED BY THE SNAP FOUNDATION WHO ARE PURSUING CAREERS IN THE CREATIVE ECONOMY. THE RTS/YAC PROGRAM PROVIDES THE YAC MEMBERS WITH PERSONALIZED CAREER COACHING, ACCESS TO THE RTS NETWORK OF PROFESSIONALS, INDUSTRY FOCUSED WORKSHOPS AND JOB SEARCH ASSISTANCE. YAC SCHOLARS PARTICIPATE IN THIS PROGRAM FOR ONE YEAR AND GAIN THE KNOWLEDGE, SKILLS AND EXPERIENCES THEY NEED TO BEGIN OR CONTINUE THEIR CAREER JOURNEYS IN CREATIVE FIELD

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $4,549,383
Program Service Revenue $0
Investment Income $6,304
Other Revenue $-7,666
TOTAL REVENUE $4,548,021

Expense Breakdown

Grants Paid $598,627
Salaries & Benefits $1,478,824
Fundraising Expenses $373,528
Program Expenses $2,126,618
Other Expenses $749,603
TOTAL EXPENSES $2,851,054

Year-over-Year Comparison

2022 2021 Change
Revenue $4,548,021 $2,235,730 +1.0%
Expenses $2,851,054 $1,841,246 +0.5%
Net Income $1,696,967 $394,484 +3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
21
Volunteers
238

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
6
$206,247
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD KESSLER CHAIR 4.00
Officer Director
$0 $0 $0
ELIZABETH FRIEDMAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
KAREN KEHELA SHERWOOD SECRETARY 1.00
Officer Director
$0 $0 $0
TANIA SUSTER TREASURER 1.00
Officer Director
$0 $0 $0
THOMAS LEE DIRECTOR 1.00
Director
$0 $0 $0
EMMANUEL BENTON DIRECTOR 1.00
Director
$0 $0 $0
NATALIE CATALAN DIRECTOR 1.00
Director
$0 $0 $0
JON GIMBEL DIRECTOR 1.00
Director
$0 $0 $0
EDDIE VALCIN DIRECTOR 1.00
Director
$0 $0 $0
ROMI LASSALLY CO-EXECUTIVE DIRECTOR 40.00
Officer
$135,100 $10,447 $145,547
PATRICK MCCABE CO-EXECUTIVE DIRECTOR 40.00
Officer
$60,100 $600 $60,700
FRANCES HARDY DIRECTOR OF DEVELOPMENT 40.00
Highest
$116,433 $9,547 $125,980
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 No data No data No data No data
2023 $4,548,021 $2,851,054 $3,092,875 $1,696,967
2022 $2,235,730 $1,841,246 $1,450,992 $394,484
2021 $435,478 $446,093 $763,363 $-10,615
2020 $1,106,956 $716,326 $842,998 $390,630
2019 $607,031 $251,613 $374,647 $355,418
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