EDVANCE COLLEGE

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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

LYGIA STEBBING

Phone

4155316092

Tax Period

2023-07-01 to 2024-06-30

EDVANCE COLLEGE, founded in 2021, is a community nonprofit in the Education sector that reported $6.3M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 28% operating margin.

Mission

TO CREATE AN ECOSYSTEM OF EQUITY-DRIVEN TEACHERS, LEADERS, AND CHANGE AGENTS WORKING TO TRANSFORM THE FUTURE OF OUR COMMUNITIES. THE ORGANIZATION WAS BUILT WITH EARLY CHILDHOOD EDUCATORS AT THE CORE. TO REIMAGINE HIGHER EDUCATION THAT PREPARES ACADEMICALLY WELL-ROUNDED. EQUITY-FOCUSED, AND SELF-DETERMINED ECE LEADERS AND COMMUNITY CATALYSTS. OUR VALUES ARE THE GUIDING PRINCIPLES BEHIND EVERY DECISION WE MAKE AND ENSURE OUR WORK STAYS TRUE TO OUR PURPOSE.

Program Service Accomplishments

Program 1

Expenses: $3,074,878 Revenue: $43,666

EDVANCE COLLEGE PROVIDES AN AFFORDABLE, INCLUSIVE, AND DYNAMIC REMOTE BA DEGREE PROGRAMS TO ACCELERATE CAREER ADVANCEMENT.

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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 $6,209,392

Program Service Revenue $21,991

Investment Income $21,675

Other Revenue $0

TOTAL REVENUE $6,253,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,417,403

Fundraising Expenses $511,627

Program Expenses $3,074,878

Other Expenses $1,089,842

TOTAL EXPENSES $4,507,245

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,253,058	$3,597,792	+0.7%
Expenses	$4,507,245	$1,852,482	+1.4%
Net Income	$1,745,813	$1,745,310	+0.0%

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

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

$783,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHEAL LIMOSANA	TREASURER	1.00	Officer Director	$0	$0	$0
JESSICA CAMPOS	SECRETARY	1.00	Officer Director	$0	$0	$0
DR ASHELY WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
DR CHERYL POLK	MEMBER	1.00	Director	$0	$0	$0
DR DIANE CARNAHAN	BOARD CHAIR	1.00	Director	$0	$0	$0
DR ROSE MYERS	MEMBER	1.00	Director	$0	$0	$0
LINDA GRIFFITH	MEMBER	1.00	Director	$0	$0	$0
RICHARD WINN	MEMBER	1.00	Director	$0	$0	$0
CARLTON UNDERWOOD	MEMBER	1.00	Director	$0	$0	$0
JOHN WARNER	MEMBER	1.00	Director	$0	$0	$0
MELANIE BOOTH	MEMBER	1.00	Director	$0	$0	$0
LYGIA STEBBING	CHIEF EXECUTIVE OFFICER	40.00	Officer	$264,500	$20,439	$284,939
VICTORIA QUIJANO EVETS	CHIEF ACADEMIC OFFICER	40.00	Officer	$233,000	$8,494	$241,494
CHAD THOMPSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$233,000	$23,592	$256,592
CAROLA OVIA-OLSON	EMPLOYEE	40.00	Highest	$263,000	$22,416	$285,416
ANNA ARAMBULA- GONZALEZ	EMPLOYEE	40.00	Highest	$194,496	$21,980	$216,476

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	$6,253,058	$4,507,245	$4,389,724	$1,745,813
2023	$3,597,792	$1,852,482	$2,436,377	$1,745,310
2022	$1,040,340	$479,877	$618,909	$560,463