FIRST GRADUATE (EIN 943381171) - 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

2000

Legal Domicile

Principal Officer

TERRI FORMAN

Phone

4155613450

Tax Period

2024-07-01 to 2025-06-30

FIRST GRADUATE, founded in 2000, is a community nonprofit in the Youth Development sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 9% surplus.

Mission

OUR MISSION IS TO HELP STUDENTS BECOME THE FIRST IN THEIR FAMILIES TO GRADUATE FROM COLLEGE READY TO PURSUE MEANINGFUL CAREERS. FIRST GRADUATE IS A SAN FRANCISCO NONPROFIT DEDICATED TO SUPPORTING, EMPOWERING, AND ENABLING FIRST-GENERATION COLLEGE STUDENTS TO GRADUATE FROM COLLEGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,316,727

Program Service Revenue $0

Investment Income $23,643

Other Revenue $-54,429

TOTAL REVENUE $2,285,941

Expense Breakdown

Grants Paid $307,810

Salaries & Benefits $1,186,130

Fundraising Expenses $378,278

Program Expenses $1,409,425

Other Expenses $593,116

TOTAL EXPENSES $2,087,056

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,285,941	$1,910,932	+0.2%
Expenses	$2,087,056	$2,032,987	+0.0%
Net Income	$198,885	$-122,055	-2.6%

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

$164,700

Total Directors

$164,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI FORMAN	SECRETARY AND CEO	1	Officer Director	$164,700	$0	$164,700
GOPA DASARI	PRESIDENT	1	Director	$0	$0	$0
RYAN BAUM	IMMEDIATE PAST PRESIDENT	2	Officer Director	$0	$0	$0
HANISH RATHOD	TREASURER	1	Officer Director	$0	$0	$0
JOHN A SPENSIERI	BOARD MEMBER	1	Director	$0	$0	$0
ROSEMARY ARRIADA KEIPER	BOARD MEMBER	1	Director	$0	$0	$0
MARVELL C ALLEN	BOARD MEMBER	1	Director	$0	$0	$0
MARK HAMILTON	BOARD MEMBER	1	Director	$0	$0	$0
SUSAN E KNOWLES	BOARD MEMBER	1	Director	$0	$0	$0
TUCKER SERENBETZ	BOARD MEMBER	1	Director	$0	$0	$0
ANA CAZENEUVE	BOARD MEMBER	1	Director	$0	$0	$0
ALEX LAZO	BOARD MEMBER	1	Director	$0	$0	$0
JENINA S SOTO	BOARD MEMBER	1	Director	$0	$0	$0
DIONNE TEASLEY	BOARD MEMBER	1	Director	$0	$0	$0
SHELLY VERNICK	BOARD MEMBER	1	Director	$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
2025	$2,285,941	$2,087,056	$2,103,774	$198,885
2024	$1,910,932	$2,032,987	$1,965,263	$-122,055
2023	$1,748,727	$1,918,527	$1,884,064	$-169,800
2022	$2,044,310	$1,640,076	$1,974,240	$404,234
2021	$1,827,168	$1,340,775	$1,743,010	$486,393
2020	$1,626,293	$1,344,969	$1,252,664	$281,324
2019	$1,476,162	$1,801,684	$821,373	$-325,522
2018	$1,939,658	$2,167,199	$1,140,926	$-227,541

FIRST GRADUATE