DEMOCRACY WORKS 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

2010

Legal Domicile

Principal Officer

LUIS LOZADA

Phone

7189231400

Tax Period

2024-10-01 to 2025-09-30

DEMOCRACY WORKS INC, founded in 2010, is a community nonprofit in the Civil Rights & Advocacy sector that reported $4.1M in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $9.5M exceeded revenue, resulting in a 133% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO LEVERAGE WEB-TECHNOLOGIES TO IMPROVE CIVIC ENGAGEMENT AND VOTER EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $7,740,085 Revenue: $1,817,588

DEMOCRACY WORKS BUILDS TOOLS AND TECHNOLOGY TO DRIVE VOTER ACCESS AND PARTICIPATION. TURBOVOTE IS DW'S FLAGSHIP VOTER ENGAGEMENT TOOL, PROVIDING USERS WITH PERSONALIZED ELECTION REMINDERS...

DEMOCRACY WORKS BUILDS TOOLS AND TECHNOLOGY TO DRIVE VOTER ACCESS AND PARTICIPATION. TURBOVOTE IS DW'S FLAGSHIP VOTER ENGAGEMENT TOOL, PROVIDING USERS WITH PERSONALIZED ELECTION REMINDERS, REGISTRATION ASSISTANCE, BALLOT INFORMATION AND MORE USEFUL GUIDANCE TO ENCOURAGE PARTICIPATION IN EVERY ELECTION. THE VOTING INFORMATION PROJECT ("VIP") IS A PARTNERSHIP BETWEEN DEMOCRACY WORKS AND THE STATES TO UPLIFT OFFICIAL ELECTION INFORMATION. VIP DATA IS PUBLISHED VIA GOOGLE'S CIVIC INFORMATION API AND IS A QUICK, EASY WAY FOR VOTERS TO FIND THEIR POLLING LOCATION AND MORE. DEMOCRACY WORKS ALSO PROVIDES ELECTIONS DATA AND VOTING GUIDANCE THROUGH OUR ELECTIONS API, SURFACING UNPARALLELED COVERAGE OF UPCOMING LOCAL, STATE, AND FEDERAL ELECTIONS TO TECH AND SOCIAL MEDIA PLATFORMS, AS WELL AS DEVELOPERS.

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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 $1,732,615

Program Service Revenue $1,817,588

Investment Income $531,253

Other Revenue $9,375

TOTAL REVENUE $4,090,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,070,889

Fundraising Expenses $729,001

Program Expenses $7,740,085

Other Expenses $1,444,631

TOTAL EXPENSES $9,515,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,090,831	$14,930,333	-0.7%
Expenses	$9,515,520	$9,461,048	+0.0%
Net Income	$-5,424,689	$5,469,285	-2.0%

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

$525,659

Total Directors

$294,489

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAMITA KHASAT	CHAIR	1.00	Officer Director	$0	$0	$0
LUIS LOZADA	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$282,312	$12,177	$294,489
REGINA YAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOAN LOVELL	SECRETARY	1.00	Officer Director	$0	$0	$0
HAYLEY BERLENT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CARRILLO	DIRECTOR	1.00	Director	$0	$0	$0
KATE COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON FELDMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN GOLDSMITH	DIRECTOR	1.00	Director	$0	$0	$0
KATIE HARBATH	DIRECTOR	1.00	Director	$0	$0	$0
TONYA RICE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WEBB	DIRECTOR	1.00	Director	$0	$0	$0
SONYA GLAZER	CHIEF FINANCIAL OFFICER	40.00	Officer	$196,829	$34,341	$231,170
JARELL LLOYD	VP OF ENGINEERING	40.00	Highest	$184,794	$31,537	$216,331
GORDON STRATTON	PRINICIPAL ENGINEER	40.00	Highest	$172,921	$31,204	$204,125
BRANDON NEWELL	VP PARTNERSHIPS AND DATA	40.00	Highest	$156,020	$31,904	$187,924
ALY VALLI	VP OF PRODUCT	40.00	Highest	$167,193	$19,384	$186,577
DANIEL PEASE	ENGINEER MANGAGER	40.00	Highest	$153,677	$16,247	$169,924

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	$4,090,831	$9,515,520	$9,706,292	$-5,424,689
2024	$14,930,333	$9,461,048	$15,724,506	$5,469,285
2023	$4,125,378	$6,512,983	$9,847,052	$-2,387,605
2022	$9,467,681	$10,117,455	$11,785,041	$-649,774
2021	$12,158,361	$11,376,666	$12,457,448	$781,695
2020	$14,624,951	$13,375,075	$12,787,557	$1,249,876
2019	$15,805,279	$8,429,498	$10,151,363	$7,375,781
2018	$8,832,890	$7,006,810	$2,844,698	$1,826,080