THE VALEDICTORIAN PROJECT INC C/O WARREN TOLMAN

EIN: 852099157 501(c)(3) Human Services

BOSTON, MA

Total Revenue
$1,086,576
Total Expenses
$778,485
Total Assets
$609,822
Net Assets
$568,110
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MA
Principal Officer
WARREN TOLMAN
Phone
6179222640
Tax Period
2024-07-01 to 2025-06-30

THE VALEDICTORIAN PROJECT INC C/O WARREN TOLMAN, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $308K, a strong 28% operating margin.

Mission

THE VALEDICTORIAN PROJECT'S MENTORING RELATIONSHIPS BREAK DOWN BARRIERS TO EQUITY AND CLOSE THE EDUCATION -TO-EMPLOYMENT GAP FOR HIGH-ACHIEVING STUDENTS FROM URBAN SCHOOLS. WE RECRUIT AND TRAIN MENTORS WHO ARE PASSIONATE CHANGE-MAKERS AND COMMITTED TO A MORE JUST FUTURE. WE BELEIVE IN A MORE EQUITABLE FUTURE WHERE EVERY STUDENT HAS THE NETWORK AND GUIEDEANCE TO ACHIEVE THEIR GOALS.

Program Service Accomplishments

Program 1
Expenses: $578,933

DURING THE PERIOD ENDING JUNE 30, 2025, THE VALEDICTORIAN PROJECT EXPANDED ITS REACH TO NEARLY 200 SCHOLARS ACROSS MASSACHUSETTS - A 21% INCREASE FROM THE PRIOR YEAR - WHILE DEEPENING THE QUALITY OF...

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DURING THE PERIOD ENDING JUNE 30, 2025, THE VALEDICTORIAN PROJECT EXPANDED ITS REACH TO NEARLY 200 SCHOLARS ACROSS MASSACHUSETTS - A 21% INCREASE FROM THE PRIOR YEAR - WHILE DEEPENING THE QUALITY OF SUPPORT AVAILABLE TO EACH STUDENT. A SIGNIFICANT MILESTONE THIS PERIOD WAS THE HIRING OF TVP'S FIRST FULL-TIME SCHOLAR COACH, WHO WORKED DIRECTLY WITH STUDENTS NAVIGATING ACADEMIC PROBATION, HOUSING INSTABILITY, FINANCIAL CRISES, AND MENTAL HEALTH CHALLENGES, WHILE ALSO CREATING A CLEAR ESCALATION PATHWAY FOR MENTORS. PROGRAM OUTCOMES REMAINED STRONG: SCHOLARS MAINTAINED AN AVERAGE GPA OF 3.5, AND 100% OF TVP'S 2020 AND 2021 COHORTS GRADUATED WITHIN FIVE YEARS OF HIGH SCHOOL. THESE RESULTS REFLECT TVP'S CONTINUED COMMITMENT TO ENSURING THAT HIGH-ACHIEVING STUDENTS FROM UNDER-RESOURCED COMMUNITIES NOT ONLY ACCESS COLLEGE, BUT PERSIST THROUGH IT AND SUCCESSFULLY LAUNCH THEIR CAREERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,083,362
Program Service Revenue $0
Investment Income $3,214
Other Revenue $0
TOTAL REVENUE $1,086,576

Expense Breakdown

Grants Paid $283,295
Salaries & Benefits $317,847
Fundraising Expenses $130,149
Program Expenses $578,933
Other Expenses $117,343
TOTAL EXPENSES $778,485

Year-over-Year Comparison

2024 2023 Change
Revenue $1,086,576 $635,200 +0.7%
Expenses $778,485 $615,252 +0.3%
Net Income $308,091 $19,948 +14.4%
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

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Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
262

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
4
$162,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WARREN TOLMAN BOARD CHAIR 10.00
Officer Director
$0 $0 $0
GRACE COTTER REGAN TREASURER 5.00
Officer Director
$0 $0 $0
JON SANTIAGO SECRETARY 2.50
Officer Director
$0 $0 $0
DAN RIVERA DIRECTOR 1.00
Director
$0 $0 $0
RENEE LANDERS DIRECTOR 1.00
Director
$0 $0 $0
JACOB CITRIN DIRECTOR 1.00
Director
$0 $0 $0
EMANUEL ALVES DIRECTOR 1.00
Director
$0 $0 $0
LENWORTH WILLIAMSON DIRECTOR 1.00
Director
$0 $0 $0
AMY MCDERMOTT EXECUTIVE DI 40.00
Officer
$156,000 $6,000 $162,000
DAVID MANNHEIM DIRECTOR 1.00
Director
$0 $0 $0
JAN SARAGONI DIRECTOR 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
2025 $1,086,576 $778,485 $609,822 $308,091
2024 No data No data No data No data
2023 $495,790 $571,002 $255,362 $-75,212
2022 $490,230 $300,953 $325,286 $189,277
2021 $195,328 $69,322 $126,056 $126,006
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