INTERNATIONAL GRADUATE STUDIES INC (EIN 861791257) - 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

STEVE FREEMAN

Phone

9143728903

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL GRADUATE STUDIES INC, founded in 2021, is a micro nonprofit in the Education sector that reported $49K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $137K exceeded revenue, resulting in a 182% operating deficit.

Mission

TO PROMOTE EDUCATION AND CULTURAL UNDERSTANDING BY ASSISTING FOREIGN STUDENTS WHO ASPIRE TO PURSUE GRADUATE STUDIES IN THE UNITED STATES TO IDENTIFY APPROPRIATE AND OPTIMAL UNITED STATES GRADUATE STUDY OPTIONS, AND HELPING SUCH STUDENTS UNDERSTAND, AND ADAPT TO, THE DIFFERENT ASPECTS OF LIVING AND STUDYING IN THE UNITED STATES.

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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 $48,720

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $48,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,286

Fundraising Expenses $0

Program Expenses $130,105

Other Expenses $88,880

TOTAL EXPENSES $137,166

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,720	$94,282	-0.5%
Expenses	$137,166	$3,004	+44.7%
Net Income	$-88,446	$91,278	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN FREEMAN	CHAIRMAN	5.00	Officer	$0	$0	$0
TORAL GATHANI	TREASURER/SECRETARY	10.00	Officer	$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	No data	No data	No data	No data
2023	$48,720	$137,166	$2,832	$-88,446
2022	$94,282	$3,004	$91,278	$91,278

INTERNATIONAL GRADUATE STUDIES INC