STRADA COLLABORATIVE INC

EIN: 861250084 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$74,422,160
Total Expenses
$127,845,259
Total Assets
N/A
Net Assets
N/A
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
IN
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.

Program Service Accomplishments

Program 1
Expenses: $87,870,369 Revenue: $28,848,128

COACHING & GUIDANCE - TO INSPIRE AND EMPOWER STUDENTS TO FIND THEIR LIFE PATH THROUGH EDUCATIONAL CURRICLA AND HANDS-ON EXPERIENCES ASSOCIATED WITH SAID CURRICULA.IMPLEMENTS COACHING (I.E., TRAINING...

Read more

COACHING & GUIDANCE - TO INSPIRE AND EMPOWER STUDENTS TO FIND THEIR LIFE PATH THROUGH EDUCATIONAL CURRICLA AND HANDS-ON EXPERIENCES ASSOCIATED WITH SAID CURRICULA.IMPLEMENTS COACHING (I.E., TRAINING AN INDIVIDUAL FOR THE PURPOSE OF IMPROVING OR DEVELOPING CAPABILIITES) PROGRAMS THAT IMPROVE EDUCATIONAL AND CAREER OUTCOMES FOR LEARNERS INCLUDING ADULT, DISTANCE AND UNDERREPRESENTED POPULATIONS. COACHING ACTIVITIES INCLUDE FACE TO FACE COACHING AT EDUCATIONAL INSTITUTIONS AND EMPLOYERS, AND REMOTE COACHING BY PHONE, EMAIL AND VIRTUAL COMMUNICATION METHODS TO INCREASE THE ACCESSIBIITY OF COACHING TO DISTANCE, ADULT, MILITARY AND OTHER LEARNERS. PROVIDES INSTRUCTION TO EDUCATIONAL INSTITUTIONS ON HOW TO COACH STUDENTS, INCLUDING HOW TO DEVELOP COACHING MODELS TAILORED TO KEY STUDENT POPULATIONS SUCH AS MILITARY, DISTANCE, AND UNDERREPRESENTED STUDENTS.INCLUDES CURRICULUM AND OTHER MEDIA CONTENT DESIGNED TO HELP LEARNERS IDENTIFY CAREERS BASED ON THEIR INTERESTS AND VIDEO TESTIMONIALS FROM PROFESSIONALS IN RELEVANT FIELDS WHO SHARE THEIR BACKGROUNDS. THE CONTENT IS DISTRIBUTED TO A WIDE VARIETY OF DIFFERENT PARTNERS INCLUDING STATE AND LOCAL GOVERNMENTS AND LOCAL WORKFORCE AGENCIES. CREATE AND MAINTAIN A MEMBERSHIP ORGANIZATION THAT PROVIDES A NEWSLETTER, WEBINARS AND JOB AIDES ALONG WITH AN ANNUAL CONFERENCE.

Program 2
Expenses: $829,694 Revenue: $540,738

STUDENT AFFORDABILITY - PROVIDES A PRIOR LEARNING ASSESSMENT TOOL WHICH ENABLES INSTITUTIONS, EMPLOYERS, AND STATE SYSTEMS OF HIGHER LEARNING TO PROVIDE INDIVIDUALS CREDITS TOWARD A DEGREE OR...

Read more

STUDENT AFFORDABILITY - PROVIDES A PRIOR LEARNING ASSESSMENT TOOL WHICH ENABLES INSTITUTIONS, EMPLOYERS, AND STATE SYSTEMS OF HIGHER LEARNING TO PROVIDE INDIVIDUALS CREDITS TOWARD A DEGREE OR CERTIFICATE OF COMPLETION.PROVIDES FINANCIAL TUITION ASSISTANCE TO COLLEGE STUDENTS INVOLVED IN STRADA EDUCATION FOUNDATION, INC. WORK-BASED LEARNING ACTIVITIES TO HELP THEM DEVELOP SKILLS, EARN DEGREES, AND IMPROVE INITIAL CAREER SUCCESS.

Program 3
Expenses: $14,058,992 Revenue: $18,164,497

WORK BASED LEARNING - PROVIDES COLLEGE STUDENTS, MANY OF WHICH WILL BE FIRST GENERATION COLLEGE STUDENTS, EMPLOYMENT THROUGH ENTRY LEVEL SERVICE POSITIONS THAT TEACH "FOUNDATIONAL" JOB SKILLS LIKE...

Read more

WORK BASED LEARNING - PROVIDES COLLEGE STUDENTS, MANY OF WHICH WILL BE FIRST GENERATION COLLEGE STUDENTS, EMPLOYMENT THROUGH ENTRY LEVEL SERVICE POSITIONS THAT TEACH "FOUNDATIONAL" JOB SKILLS LIKE TIME MANAGEMENT, COMMUNICATION, COLLABORATION, PROBLEM SOLVING, AND CRITICAL THINKING WHICH, ALONG WITH A DEGREE, WILL HELP THEM SECURE FULL-TIME EMPLOYMENT. WORKING WITH EDUCATION INDUSTRY PARTNERS, REGIONAL INDUSTRY COALITIONS, AND ECONOMIC DEVELOPERS TO ENSURE WORKERS ARE RESKILLING AND UPSKILLING THROUGH ACCESS TO CURRICULA AND TRAINING LINKED TO CAREER OPPORTUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
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
6
$3,199,356
Total Directors
5
$3,525,928
Key Employees
4
$1,772,458
Highest Compensated
5
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
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare STRADA COLLABORATIVE INC with other nonprofits in Indiana and across the country.