OPEN SYLLABUS INC (EIN 843255967) - 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

JOE KARAGANIS

Phone

9174287762

Tax Period

2024-01-01 to 2024-12-31

OPEN SYLLABUS INC, founded in 2019, is a small nonprofit in the Education sector that reported $348K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 188% operating deficit.

Mission

OPEN SYLLABUS IS A NON-PROFIT ORGANIZATION THAT COLLECTS AND ANALYZES MILLIONS OF UNIVERSITY SYLLABI TO SUPPORT NOVEL TEACHING AND LEARNING APPLICATIONS.

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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 $250,000

Program Service Revenue $98,233

Investment Income $58

Other Revenue $0

TOTAL REVENUE $348,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $702,154

Fundraising Expenses $60,079

Program Expenses $744,513

Other Expenses $302,564

TOTAL EXPENSES $1,004,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,291	$832,431	-0.6%
Expenses	$1,004,718	$928,063	+0.1%
Net Income	$-656,427	$-95,632	+5.9%

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

N/A

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

$173,819

Total Directors

$173,819

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE KARAGANIS	PRESIDENT AND TREASURER	1.00	Officer Director	$164,024	$9,795	$173,819
DAVID MCCLURE	VICE PRESIDENT AND SECRETARY	1.00	Officer Director	$0	$0	$0
AMY BRAND	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL COHN	BOARD MEMBER	1.00	Director	$0	$0	$0
AMBER GARRISON DUNCAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TED BYFIELD	BOARD MEMBER	1.00	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	$348,291	$1,004,718	$577,187	$-656,427
2023	$832,431	$928,063	$1,243,335	$-95,632
2022	$1,772,464	$1,128,143	$1,334,462	$644,321
2021	$89,733	$967,493	$670,925	$-877,760
2020	$1,942,525	$573,513	$1,579,393	$1,369,012
2019	$204,695	$41,179	$167,781	$163,516

OPEN SYLLABUS INC