TRIO NEW COLLEGE NETWORK INC (EIN 853880867) - 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

2020

Legal Domicile

Principal Officer

CHRISTOPHER GABRIELI

Phone

2108445234

Tax Period

2023-07-01 to 2024-06-30

TRIO NEW COLLEGE NETWORK INC, founded in 2020, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $5.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF TRIO NEW COLLEGE NETWORK IS TO PARTNER WITH LOCAL COMMUNITY LEADERS TO LAUNCH AND OPERATE COLLEGE SUCCESS CENTERS IN THEIR COMMUNITIES IN ORDER TO BETTER SERVE STUDENTS WHO ARE CURRENTLY NOT WELL SUPPORTED BY EXISTING HIGHER EDUCATION OPTIONS, AND GIVE ALL STUDENTS ACCESS TO A LOW-COST, HIGH QUALITY DEGREE PATHWAY.

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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 $3,710,815

Program Service Revenue $826,293

Investment Income $63,348

Other Revenue $0

TOTAL REVENUE $4,600,456

Expense Breakdown

Grants Paid $150,206

Salaries & Benefits $3,030,694

Fundraising Expenses $37,306

Program Expenses $4,715,453

Other Expenses $1,975,328

TOTAL EXPENSES $5,156,228

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,600,456	$3,633,623	+0.3%
Expenses	$5,156,228	$3,042,547	+0.7%
Net Income	$-555,772	$591,076	-1.9%

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

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

$261,690

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER GABRIELI	CEO/PRESIDENT/DIRECTOR	5.00	Officer Director	$0	$0	$0
ELEANOR LAURANS	DIRECTOR	1.00	Director	$0	$0	$0
PAYMON ROUHANIFARD	DIRECTOR	1.00	Director	$0	$0	$0
FRED MUTSINZI	DIRECTOR (UNTIL 7/31/23)	1.00	Director	$0	$0	$0
TED MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH WESLEY PEACOCK	TREASURER/MANAGING DIRECTOR, PROGRAM & OPERATION	40.00	Officer	$120,671	$24,052	$144,723
JOHN GABRIELI	CLERK/MANAGING DIRECTOR, GROWTH & STRATEGY	40.00	Officer	$109,137	$7,830	$116,967
MELISSA HAMANN	EXECUTIVE DIRECTOR-DEP	40.00	Highest	$163,788	$15,467	$179,255
FELECIA EDWARDS-SMITH	EXECUTIVE DIRECTOR-FUTURE FORWARD CT	40.00	Highest	$137,058	$24,402	$161,460
DANIELLE NORTH	EXECUTIVE DIRECTOR-DEGREE FORWARD	40.00	Highest	$162,376	$38	$162,414
SAYMAH NAH	EXECUTIVE DIRECTOR-GATEWAY U	40.00	Highest	$136,935	$7,763	$144,698
KHARY GOLDEN	EXECUTIVE DIRECTOR-CAMDEN U	40.00	Highest	$112,017	$38	$112,055

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	$4,600,456	$5,156,228	$2,364,325	$-555,772
2023	$3,633,623	$3,042,547	$3,192,997	$591,076
2022	$2,177,684	$1,752,240	$2,088,983	$425,444
2021	$1,710,153	$172,137	$1,600,385	$1,538,016

TRIO NEW COLLEGE NETWORK INC