STRADA COLLABORATIVE INC (EIN 861250084) - 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

2021

Legal Domicile

Principal Officer

THOMAS DAWSON

Phone

3178061200

Tax Period

2023-01-01 to 2023-12-31

STRADA COLLABORATIVE INC, founded in 2021, is a mid-sized nonprofit that reported $74.4M in total revenue in fiscal year 2023. Expenses of $127.8M exceeded revenue, resulting in a 72% operating deficit.

Mission

TO EMPOWER ALL LEARNERS - AND THOSE WHO SERVE THEM - STRADA COLLABORATIVE, INC. PROVIDES CRITICAL RESOURCES, EDUCATIONAL SUPPORT, AND CAREER EXPERIENCES LEADING TO EQUITABLE EDUCATION AND EMPLOYMENT PATHWAYS.

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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 $26,757,868

Program Service Revenue $47,524,872

Investment Income $0

Other Revenue $139,420

TOTAL REVENUE $74,422,160

Expense Breakdown

Grants Paid $49,240,684

Salaries & Benefits $56,784,484

Fundraising Expenses $4,136,676

Program Expenses $102,759,055

Other Expenses $21,820,091

TOTAL EXPENSES $127,845,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,422,160	$76,931,166	0.0%
Expenses	$127,845,259	$79,334,560	+0.6%
Net Income	$-53,423,099	$-2,403,394	+21.2%

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

N/A

Employees

1927

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

$3,199,356

Total Directors

$3,525,928

Key Employees

$1,772,458

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH WATKINS	BOARD MEMBER	1.00	Director	$0	$101,396	$1,022,097
LARRY LUTZ	BOARD MEMBER/VICE CHAIR	1.00	Officer Director	$0	$77,394	$725,150
THOMAS DAWSON	PRESIDENT/CHAIRMAN	39.00	Officer Director	$0	$77,968	$710,076
DARYL GRAHAM	BOARD MEMBER	1.00	Director	$0	$42,555	$459,523
RHONDA POWELL DIR AS OF 223	INT. SEC. (THRU 7/23)	2.00	Officer Director	$0	$57,745	$609,082
MICHAEL AUSTIN	TREASURER	1.00	Officer	$0	$81,172	$714,594
JULIE RAGSDALE	SECRETARY (THRU 05/23)	1.00	Officer	$0	$7,226	$222,206
DAVINA BIDDLE	SECRETARY (AS OF 07/23)	2.00	Officer	$192,505	$25,743	$218,248
RUTH WHITE	PRESIDENT - ITK	40.00	Key Emp	$432,333	$25,980	$458,313
MICHAEL MARRINER	PRESIDENT - RTN	40.00	Key Emp	$414,615	$34,611	$449,226
EARL BUFORD	PRESIDENT - CAEL	40.00	Key Emp	$419,101	$25,966	$445,067
JAIME NUNEZ	PRESIDENT - EAW	40.00	Key Emp	$378,730	$41,122	$419,852
KAI DREKMEIER	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$316,856	$41,970	$358,826
STEPHEN AST	AVP, PARTNER SUCCESS	40.00	Highest	$283,604	$27,369	$310,973
BRIAN MCALLISTER	COO	40.00	Highest	$248,418	$38,714	$287,132
MEAGHAN JOYCE	VP OF SOLUTIONS	40.00	Highest	$229,726	$9,180	$238,906
RIIKKA MARR	SVP FINANCE	40.00	Highest	$229,622	$9,171	$238,793

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
2023	$74,422,160	$127,845,259	No data	$-53,423,099
2022	$76,931,166	$79,334,560	$58,003,532	$-2,403,394
2021	$36,146,755	$17,521,070	$87,757,237	$18,625,685

STRADA COLLABORATIVE INC