FIRST GEN SCHOLARS (EIN 842846880) - 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

2019

Legal Domicile

Principal Officer

JONATHAN BURGOS

Phone

6193393308

Tax Period

2023-07-01 to 2024-06-30

FIRST GEN SCHOLARS, founded in 2019, is a small nonprofit in the Education sector that reported $480K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO SUPPORT FIRST GENERATION STUDENTS THROUGH THE COLLEGE APPLICATION PROCESS, HELP THEM GRADUATE WITH NO DEBT, AND FIND CAREERS THAT CREATE ECONOMIC MOBILITY AND GENERATIONAL WEALTH.OUR MOST SIGNIFICANT ACTIVITIES ARE SUMMER COLLEGE ADMISSIONS PREPARATION PROGRAM, FIRST GEN COLLEGE FAIR, WEEKEND COLLEGE ESSAY/APPLICATION WORKSHOPS, FIRST GEN CLUBS AT RESPECTIVE HIGH SCHOOL CAMPUTSES.

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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 $479,860

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $479,860

Expense Breakdown

Grants Paid $10,008

Salaries & Benefits $366,039

Fundraising Expenses $14,172

Program Expenses $419,940

Other Expenses $140,774

TOTAL EXPENSES $516,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$479,860	$340,551	+0.4%
Expenses	$516,821	$452,862	+0.1%
Net Income	$-36,961	$-112,311	-0.7%

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

$79,063

Total Directors

$79,063

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN BURGOS	PRESIDENT/EXECUTIVE DIRECT	40.00	Officer Director	$79,063	$0	$79,063
EMILY SCHNARR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK TRUONG	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREA MUNOZ	SECRETARY	1.00	Officer Director	$0	$0	$0
MARIANNA CORONA	BOARD MEMBER	0.25	Director	$0	$0	$0
VON WARE	BOARD MEMBER	0.25	Director	$0	$0	$0
KARMIN NOAR	BOARD MEMBER	0.25	Director	$0	$0	$0
MELISA ZARATE	BOARD MEMBER	0.25	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
2024	$479,860	$516,821	$76,496	$-36,961
2023	$340,551	$452,862	$65,545	$-112,311
2022	$396,128	$345,698	$111,068	$50,430

FIRST GEN SCHOLARS