Peak Education

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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

1998

Legal Domicile

Principal Officer

L Carlos Jimenez

Phone

7192323218

Tax Period

2023-07-01 to 2024-06-30

Peak Education, founded in 1998, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $330K, a strong 21% operating margin.

Mission

Peak Education walks alongside youth as they prepare to pursue the education and training they need to reach their dreams - illuminating the possibilities after high school, guiding them as they chart their course and providing support, resources, and skills to equip them for the journey.

Program Service Accomplishments

Program 1

Expenses: $979,190 Revenue: $213,454

College Counseling and Consulting: We work to close opportunity gaps for students from low-income backgrounds by providing monthly programming, mentorship, college counseling, and enrichment...

College Counseling and Consulting: We work to close opportunity gaps for students from low-income backgrounds by providing monthly programming, mentorship, college counseling, and enrichment activities that prepare them for success in college and in their lives. Students begin with Peak Education in 6th grade and are supported through college completion. In 2023, Peak Education Scholars earned over $720,000 in scholarships with the entire senior class graduating high school on time and 91% of program participiants enrolled in a college option.

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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 $1,355,857

Program Service Revenue $213,454

Investment Income $3,503

Other Revenue $-5,857

TOTAL REVENUE $1,566,957

Expense Breakdown

Grants Paid $48,940

Salaries & Benefits $870,366

Fundraising Expenses $131,895

Program Expenses $979,190

Other Expenses $318,034

TOTAL EXPENSES $1,237,340

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,566,957	$864,392	+0.8%
Expenses	$1,237,340	$973,819	+0.3%
Net Income	$329,617	$-109,427	-4.0%

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

$117,959

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rick Gillit	President	4.00	Director	$0	$0	$0
Porschae Brown	Vice President / Secretary	2.00	Director	$0	$0	$0
Cassie Gannett	Treasurer	2.00	Director	$0	$0	$0
Carrie Mckee	Director	2.00	Director	$0	$0	$0
Todd Matia	Director	2.00	Director	$0	$0	$0
Heather Cassidy	Director	2.00	Director	$0	$0	$0
Noelle Paiment	Director	2.00	Director	$0	$0	$0
Carrie Mckee	Director	2.00	Director	$0	$0	$0
Evelyn Spencer	Director (thru 6/30/2024)	2.00	Director	$0	$0	$0
L Carlos Jimenez	CEO	40.00	Officer	$109,174	$8,785	$117,959

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	$1,566,957	$1,237,340	$614,915	$329,617
2023	$864,392	$973,819	$279,812	$-109,427
2022	$532,212	$739,502	$167,739	$-207,290
2021	$626,623	$603,516	$377,093	$23,107
2020	$647,058	$456,586	$387,537	$190,472
2019	$407,240	$277,823	$152,123	$129,417