DUET 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

2018

Legal Domicile

Principal Officer

MICHAEL LARSSON

Phone

6177122848

Tax Period

2024-07-01 to 2025-06-30

DUET INC, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $5.1M left a modest 9% surplus.

Mission

DUETS MISSION IS TO HELP COLLEGE STUDENTS EARN DEGREES BY PROVIDING SUPPORT AND COACHING.

Program Service Accomplishments

Program 1

Expenses: $4,623,649 Revenue: $2,080,847

DUET PROVIDES ENROLLMENT, DEGREE, AND CAREER COACHING, AND SUPPORT FOR STUDENTS ENROLLED IN CERTAIN COMPETENCY BASED PROGRAMS AT SOUTHERN NEW HAMPSHIRE UNIVERSITY. MOST STUDENTS ARE WORKING ADULTS...

DUET PROVIDES ENROLLMENT, DEGREE, AND CAREER COACHING, AND SUPPORT FOR STUDENTS ENROLLED IN CERTAIN COMPETENCY BASED PROGRAMS AT SOUTHERN NEW HAMPSHIRE UNIVERSITY. MOST STUDENTS ARE WORKING ADULTS WHO HAVE TRIED COLLEGE IN THE PAST. IN FISCAL YEAR 2025, DUET WORKED DIRECTLY WITH MORE THAN 850 STUDENTS WHO WERE ENROLLED IN SOUTHERN NEW HAMPSHIRE UNIVERSITY.

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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 $3,469,817

Program Service Revenue $2,080,847

Investment Income $105,888

Other Revenue $0

TOTAL REVENUE $5,656,552

Expense Breakdown

Grants Paid $514,523

Salaries & Benefits $3,732,236

Fundraising Expenses $121,747

Program Expenses $4,623,649

Other Expenses $872,663

TOTAL EXPENSES $5,119,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,656,552	$3,178,366	+0.8%
Expenses	$5,119,422	$5,024,021	+0.0%
Net Income	$537,130	$-1,845,655	-1.3%

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

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

$545,727

Total Directors

$203,950

Key Employees

$160,631

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LARSSON	PRESIDENT &	40.00	Officer Director	$184,517	$19,433	$203,950
ELIZABETH PIMENTEL	CHIEF EXT RE	40.00	Officer	$159,734	$13,730	$173,464
MICHELE CARROLL	FRMR COO/SEC	40.00	Officer	$161,060	$7,253	$168,313
JAHFREE DUNCAN	SR DIR DEGRE	40.00	Key Emp	$153,378	$7,253	$160,631
MARY LEVINER	SR DIR STUDE	40.00	Highest	$121,936	$12,568	$134,504
KHALEEL SHREET	SR COACH/ DI	40.00	Highest	$109,523	$538	$110,061
JULIE SWERDLOW ALBINO	DIRECTOR	1.00	Director	$0	$0	$0
THABITI BROWN	DIRECTOR	1.00	Director	$0	$0	$0
STIG LESCHLY	CHAIR	1.00	Director	$0	$0	$0
ELIZABETH MARINO	DIRECTOR	1.00	Director	$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
2025	$5,656,552	$5,119,422	$4,507,451	$537,130
2024	$3,178,366	$5,024,021	$4,284,649	$-1,845,655
2023	$2,737,246	$4,483,294	$6,411,419	$-1,746,048
2022	$4,938,474	$4,342,935	$7,274,929	$595,539
2021	$2,616,940	$4,012,354	$6,806,173	$-1,395,414
2020	$3,312,216	$4,181,033	$8,112,750	$-868,817
2019	$5,224,413	$3,051,665	$8,634,365	$2,172,748