DEFY VENTURES INC (EIN 273611908) - 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

ANDREW GLAZIER

Phone

2132321122

Tax Period

2024-01-01 to 2024-12-31

DEFY VENTURES INC, founded in 2010, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $4.3M left a modest 7% surplus.

Mission

TO SHIFT MINDSETS AND GIVE PEOPLE WITH CRIMINAL HISTORIES THEIR BEST SHOT AT A SECOND CHANCE.

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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 $4,437,541

Program Service Revenue $96,133

Investment Income $81,206

Other Revenue $12,935

TOTAL REVENUE $4,627,815

Expense Breakdown

Grants Paid $129,610

Salaries & Benefits $3,386,062

Fundraising Expenses $351,411

Program Expenses $3,441,526

Other Expenses $797,832

TOTAL EXPENSES $4,313,504

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,627,815	$4,021,502	+0.2%
Expenses	$4,313,504	$3,830,168	+0.1%
Net Income	$314,311	$191,334	+0.6%

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

904

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

$332,030

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KORB	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ARIEL JADUSZLIWER	TREASURER	0.50	Officer Director	$0	$0	$0
KERRY BENNETT	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN DVOR	DIRECTOR	0.50	Director	$0	$0	$0
MARCUS GLOVER	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER LOTITO	DIRECTOR (AS OF 9/24)	0.50	Director	$0	$0	$0
SONIA KAHLON	DIRECTOR	0.50	Director	$0	$0	$0
COSS MARTE	DIRECTOR	0.50	Director	$0	$0	$0
NICOLE MILLER	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN NEIL	DIRECTOR	0.50	Director	$0	$0	$0
COLE RICHMAN	DIRECTOR	0.50	Director	$0	$0	$0
APRIL TAM SMITH	DIRECTOR	0.50	Director	$0	$0	$0
DAVID SPROTT	DIRECTOR	0.50	Director	$0	$0	$0
PRAVEEN SESHADRI	DIRECTOR (AS OF 6/24)	0.50	Director	$0	$0	$0
JOHN GAROFOLO	CFO (THROUGH 12/24)	50.00	Officer	$154,251	$20,284	$174,535
ANDREW GLAZIER	PRESIDENT & CEO	50.00	Officer	$123,121	$26,586	$149,707
AMITA PARIKH	DR. OF FIN. & ADMIN. (AS OF 12/24)	50.00	Officer	$7,788	$0	$7,788
JULIE JACKSON-FORSBERG	VP, LEARNING	50.00	Highest	$117,245	$26,187	$143,432
QUAN HUYNH	ED, SOUTHERN CALIFORNIA	50.00	Highest	$121,531	$9,305	$130,836
CHRISTINE CASTILLO	VP, PROGRAMS	50.00	Highest	$124,682	$7,434	$132,116
MARIAH DICKINSON	VP SITE OPERATIONS	50.00	Highest	$115,052	$14,602	$129,654
YEHUDAH PRYCE	SR. PROGRAM DIRECTOR, NMHP	50.00	Highest	$110,918	$32,334	$143,252

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	$4,627,815	$4,313,504	$3,953,203	$314,311
2023	$4,021,502	$3,830,168	$3,316,665	$191,334
2022	$3,223,061	$2,871,906	$3,255,603	$351,155
2021	$2,964,539	$2,144,993	$2,710,891	$819,546
2020	$2,630,097	$1,858,494	$1,772,831	$771,603
2019	$2,408,207	$2,146,821	$1,054,164	$261,386
2018	$3,578,145	$4,324,130	$833,556	$-745,985

DEFY VENTURES INC