STEP UP FOR STUDENTS - WEST VIRGIN… - Form 990 Financial Data

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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

DOUG TUTHILL

Phone

9043522246

Tax Period

2023-07-01 to 2024-06-30

STEP UP FOR STUDENTS - WEST VIRGINIA INC, founded in 2021, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $442K, a strong 21% operating margin.

Mission

STEP UP FOR STUDENTS-WEST VIRGINIA, INC. EMPOWERS FAMILIES TO PURSUE AND ENGAGE IN THE MOST APPROPRIATE LEARNING OPTIONS FOR THEIR CHILDREN, WITH AN EMPHASIS ON FAMILIES WHO LACK THE INFORMATION AND FINANCIAL RESOURCES TO ACCESS THESE OPTIONS. BY PURSUING THIS MISSION, WE HELP PUBLIC EDUCATION FULFILL THE PROMISE OF EQUAL OPPORTUNITY.

Program Service Accomplishments

Program 1

Expenses: $974,742 Revenue: $2,023,330

THE HOPE SCHOLARSHIP PROGRAM IS AN EDUCATIONAL SAVINGS ACCOUNT (ESA) PROGRAM IN THE STATE OF WEST VIRGINIA, WHICH OFFERS QUALIFYING K-12 STUDENTS AN OPPORTUNITY TO BUILD AN INDIVIDUALIZED LEARNING...

THE HOPE SCHOLARSHIP PROGRAM IS AN EDUCATIONAL SAVINGS ACCOUNT (ESA) PROGRAM IN THE STATE OF WEST VIRGINIA, WHICH OFFERS QUALIFYING K-12 STUDENTS AN OPPORTUNITY TO BUILD AN INDIVIDUALIZED LEARNING EXPERIENCE. THIS PROGRAM LAUNCHED IN MARCH 2022. FOR THE 2023-2024 SCHOOL YEAR, 6,355 STUDENTS RECEIVED SCHOLARSHIPS UP TO A MAXIMUM OF $8,787. STEP UP FOR STUDENTS-WEST VIRGINIA, INC. IS COMPENSATED FOR ITS WORK BY RECEIVING REIMBURSEMENT FOR IMPLEMENTATION COSTS ASSOCIATED WITH THE HOPE SCHOLARSHIP PROGRAM AS WELL AS A SERVICE FEE FROM THE STATE OF WEST VIRGINIA'S STATE TREASURER'S OFFICE TO PROVIDE THESE SERIVCES.

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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 $0

Program Service Revenue $2,023,330

Investment Income $34,132

Other Revenue $0

TOTAL REVENUE $2,057,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $369,277

Fundraising Expenses $0

Program Expenses $974,742

Other Expenses $1,246,307

TOTAL EXPENSES $1,615,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,057,462	$1,093,297	+0.9%
Expenses	$1,615,584	$1,015,739	+0.6%
Net Income	$441,878	$77,558	+4.7%

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

$1,973,792

Total Directors

$973,071

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN F KIRTLEY	BOARD CHAIR	2.00	Director	$0	$0	$0
DOUG TUTHILL	CEO	2.00	Officer Director	$17,365	$40,244	$387,537
JOE PFOUNTZ	TREASURER, CFO	2.00	Officer Director	$13,200	$39,456	$303,464
LESLEY SEARCY	SECRETARY, CEAO	2.00	Officer Director	$13,443	$13,211	$282,070
SHAFAYET IMAM	CIO (THRU 05/24)	2.00	Officer	$12,990	$46,525	$306,326
JILL LAROSE	CHIEF CULTURE OFFICER	2.00	Officer	$10,770	$20,645	$236,046
ALEXANDER J MANGAN	CHIEF PRODUCT OFFICER	2.00	Officer	$7,380	$26,176	$173,781
RUTH ROSE	CHIEF CUST. EXP. OFFICER(THRU 09/24)	2.00	Officer	$5,739	$13,038	$127,823
SAMANTHA ESPINOSA	CHIEF HUMAN RESOURCES OFFICER	2.00	Officer	$6,868	$19,390	$156,745
ASHA DESHPANDE	SR DIR ENT DATA OP STG(THRU 08/24)	2.00	Highest	$10,682	$11,721	$225,360
SUSAN DUGAN	VP OF FINANCE (THRU 12/23)	2.00	Highest	$9,558	$10,288	$201,448
CRAIG GONSALVES	VP OF IT SOLUTIONS	2.00	Highest	$8,684	$42,871	$216,555
JILLIAN METZ	VP OF EXTERNAL RELATIONS	2.00	Highest	$8,354	$28,677	$195,750
SEAN K CHARTIER	ARCHITECT, DATA	2.00	Highest	$8,646	$18,473	$191,386

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	$2,057,462	$1,615,584	$6,110,749	$441,878
2022	$1,206,892	$545,746	$1,135,874	$661,146

STEP UP FOR STUDENTS - WEST VIRGINIA INC