INSTITUTE FOR STUDENT ACHIEVEMENT FOUNDATION (EIN 862868464) - 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

KADRIYE ERCIKAN

Phone

6099219000

Tax Period

2023-10-01 to 2024-09-30

INSTITUTE FOR STUDENT ACHIEVEMENT FOUNDATION, founded in 2020, is a small nonprofit in the Education sector that reported $427K in total revenue in fiscal year 2023. Revenue surged 1480% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 186% operating deficit.

Mission

SEE P.2, PART III: QUESTION 1

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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 $403,460

Program Service Revenue $0

Investment Income $23,863

Other Revenue $0

TOTAL REVENUE $427,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $426,845

Other Expenses $1,223,112

TOTAL EXPENSES $1,223,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$427,323	$27,052	+14.8%
Expenses	$1,223,112	$1,635,254	-0.3%
Net Income	$-795,789	$-1,608,202	-0.5%

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

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

$1,128,180

Total Directors

$2,454,206

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IDA LAWRENCE END 100323 CHAIR	SR VP-RESEARCH & DEVELOPMENT -CHAIR	2.00	Director	$0	$306,137	$1,062,989
KADRIYE ERCIKAN-ALPER	PRESIDENT (START 1/4/2024)	2.00	Officer Director	$0	$58,577	$741,567
PAUL GOLLASH	DIRECTOR	2.00	Director	$0	$78,640	$649,650
DAWN BUDD	TREASURER	2.00	Officer	$0	$62,873	$386,613
STEPHANIE WOOD-GARNETT	PRESIDENT (END 1/5/2024)	2.00		$0	$71,148	$358,771

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	$427,323	$1,223,112	$100,890	$-795,789
2023	$27,052	$1,635,254	$1,550,253	$-1,608,202
2022	$3,128,846	$813,898	$2,325,115	$2,314,948

INSTITUTE FOR STUDENT ACHIEVEMENT FOUNDATION