PROJECT GRAD LOS ANGELES INC

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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

1998

Legal Domicile

Principal Officer

FORD ROOSEVELT

Phone

8187604695

Tax Period

2019-07-01 to 2020-06-30

PROJECT GRAD LOS ANGELES INC, founded in 1998, is a small nonprofit that reported $505K in total revenue in fiscal year 2019. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 228% operating deficit.

Mission

ENSURE STUDENTS IN HISTORICALLY UNDERSERVED COMMUNITIES HAVE ACCESS TO AN ENRICHED, QUALITY PUBLIC SCHOOL EDUCATION, GRADUATE FROM HIGH SCHOOL AND GO ON PREPARED TO COMPLETE COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $780,573 Revenue: $12,116

COLLEGE READINESS - SITE-BASED DIRECT SERVICES TO STUDENTS AND FAMILIES AT THE HIGH SCHOOL LEVEL DESIGNED TO IMPROVE ACADEMIC PERFORMANCE, INCREASE SOCIAL AND EMOTIONAL COMPETENCIES AND ENGAGE THE...

COLLEGE READINESS - SITE-BASED DIRECT SERVICES TO STUDENTS AND FAMILIES AT THE HIGH SCHOOL LEVEL DESIGNED TO IMPROVE ACADEMIC PERFORMANCE, INCREASE SOCIAL AND EMOTIONAL COMPETENCIES AND ENGAGE THE ENTIRE FAMILY IN COLLEGE SUCCESS.

Program 2

Expenses: $548,954

COLLEGE SUCCESS / SCHOLARSHIPS - NEEDS BASED SCHOLARSHIPS OF $2,000 TO $6,000 TO STUDENTS WHO MEET RIGOROUS PROGRAM CRITERIA.

Program 3

Expenses: $9,900

PROGRAM EVALUATION - STUDENT-LEVEL DATABASE TO TRACK MULTIPLE INDICATORS INCLUDING K-16 STUDENT ACADEMIC PROGRESS AND COMPLETTION / PERSISTENCY RATES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $488,460

Program Service Revenue $12,116

Investment Income $4,921

Other Revenue $0

TOTAL REVENUE $505,497

Expense Breakdown

Grants Paid $326,125

Salaries & Benefits $1,097,840

Fundraising Expenses $183,777

Program Expenses $1,339,427

Other Expenses $233,366

TOTAL EXPENSES $1,657,331

Year-over-Year Comparison

	2019	2018	Change
Revenue	$505,497	$439,567	+0.1%
Expenses	$1,657,331	$2,434,579	-0.3%
Net Income	$-1,151,834	$-1,995,012	-0.4%

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

$153,121

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA DIAZ-ASZKENAZY	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
STEVEN CONTRERAZ	TREASURER	3.00	Officer Director	$0	$0	$0
OLGA DE JESUS VARGA	SECRETARY	3.00	Officer Director	$0	$0	$0
DAN CHERNOW	DIRECTOR	3.00	Director	$0	$0	$0
SALVADOR DURAN	DIRECTOR	3.00	Director	$0	$0	$0
SAUL GOMEZ	DIRECTOR	3.00	Director	$0	$0	$0
HELEN KLEINBERG	DIRECTOR	3.00	Director	$0	$0	$0
DR DOUG MARRIOTT	DIRECTOR	3.00	Director	$0	$0	$0
JESSE TORRES	DIRECTOR	3.00	Director	$0	$0	$0
FORD ROOSEVELT	PRESIDENT & CEO	40.00	Officer	$133,900	$0	$133,900
SELAM MEHARENA	CFO/VP	40.00	Officer	$17,492	$1,729	$19,221

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
2020	$505,497	$1,657,331	$1,175,334	$-1,151,834
2019	$439,567	$2,434,579	$2,370,835	$-1,995,012