DEMOCRACY WORKS INC (EIN 272460359) - 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

2010

Legal Domicile

Principal Officer

LUIS LOZADA

Phone

7189231400

Tax Period

2023-10-01 to 2024-09-30

DEMOCRACY WORKS INC, founded in 2010, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $14.9M in total revenue in fiscal year 2023. Revenue surged 262% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.5M, a strong 37% operating margin.

Mission

IMPROVING CIVIC PARTICIPATION BY SIMPLIFYING AND MODERNIZING THE VOTING PROCESS FOR VOTERS AND ELECTION ADMINISTRATORS.

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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 $11,382,711

Program Service Revenue $2,997,361

Investment Income $548,743

Other Revenue $1,518

TOTAL REVENUE $14,930,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,287,999

Fundraising Expenses $813,715

Program Expenses $7,427,572

Other Expenses $2,173,049

TOTAL EXPENSES $9,461,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,930,333	$4,125,378	+2.6%
Expenses	$9,461,048	$6,512,983	+0.5%
Net Income	$5,469,285	$-2,387,605	-3.3%

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

$495,531

Total Directors

$269,178

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	$257,242	$11,936	$269,178
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
KAZUKI KO	DIRECTOR THROUGH 12/2023	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	$192,183	$34,170	$226,353
JARELL LLOYD	VP OF ENGINEERING	40.00	Highest	$181,276	$31,054	$212,330
GORDON STRATTON	PRINICIPAL ENGINEER	40.00	Highest	$168,254	$31,204	$199,458
BRANDON NEWELL	VP PARTNERSHIPS AND DATA	40.00	Highest	$152,349	$30,704	$183,053
ALY VALLI	VP OF PRODUCT	40.00	Highest	$164,181	$18,420	$182,601
DANIEL PEASE	ENGINEER MANGAGER	40.00	Highest	$150,222	$15,345	$165,567

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	$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

DEMOCRACY WORKS INC