DIGITAL WORKFORCE ACADEMY (EIN 030498821) - 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

2003

Legal Domicile

Principal Officer

MELVIN WHITE

Phone

5123222347

Tax Period

2023-01-01 to 2023-12-31

DIGITAL WORKFORCE ACADEMY, founded in 2003, is a small nonprofit in the Education sector that reported $434K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $505K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE HUMAN DEVELOPMENT, TRAINING AND JOB PLACEMENT TO UNDERSERVED DISADVANTAGE POPULATIONS.

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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 $25,000

Program Service Revenue $394,594

Investment Income $20

Other Revenue $14,036

TOTAL REVENUE $433,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,692

Fundraising Expenses $0

Program Expenses $399,154

Other Expenses $339,329

TOTAL EXPENSES $505,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$433,650	$574,667	-0.2%
Expenses	$505,021	$553,666	-0.1%
Net Income	$-71,371	$21,001	-4.4%

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

N/A

Employees

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

Total Directors

$37,738

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELVIN WHITE	EXECUTIVE DIRECTOR	040.00	Director Highest	$37,738	$0	$37,738
TAWANDA TURNER	PRESIDENT	N/A	Officer Director	$0	$0	$0
CLAUDETTE PHILLIPS	MEMBER	N/A	Officer	$0	$0	$0
RANDY VAUGHN	VP PRESIDENT	N/A	Officer	$0	$0	$0
HARMON LISNOW	MEMBER	N/A	Officer	$0	$0	$0
NEERAJ AGGARWAL	MEMBER	N/A	Officer	$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
2024	No data	No data	No data	No data
2023	$433,650	$505,021	$1,883,938	$-71,371
2022	$574,667	$553,666	$1,977,711	$21,001
2021	$462,079	$611,596	$2,028,345	$-149,517
2020	$581,012	$716,724	$2,068,383	$-135,712
2019	$840,554	$742,265	$2,333,807	$98,289

DIGITAL WORKFORCE ACADEMY