WETATI ACADEMY INC

EIN: 371704890 501(c)(3) Human Services

BOWIE, MD

Total Revenue
$360,093
Total Expenses
$347,979
Total Assets
$152,029
Net Assets
$149,779
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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
2012
Legal Domicile
MD
Principal Officer
MARGARET N DUREKE
Phone
3013266468
Tax Period
2024-01-01 to 2024-12-31

WETATI ACADEMY INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $360K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $348K left a modest 3% surplus.

Mission

WETATi Academy is a non-profit community-based educational and economic empowerment network organization.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $360,093
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $360,093

Expense Breakdown

Grants Paid $0
Salaries & Benefits $170,101
Fundraising Expenses $0
Program Expenses $318,064
Other Expenses $177,878
TOTAL EXPENSES $347,979

Year-over-Year Comparison

2024 2023 Change
Revenue $360,093 $203,662 +0.8%
Expenses $347,979 $256,018 +0.4%
Net Income $12,114 $-52,356 -1.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
5
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
1
$89,500
Total Directors
12
$89,500
Key Employees
1
$89,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ambassador Dr Margaret Dureke Founder, President, CEO 060.00
Officer Director Key Emp Highest
$89,500 $0 $89,500
Jimmie Jones Board Member 001.00
Director
$0 $0 $0
Deepa Deshpande MS MBIOT PMP Board Member 001.00
Director
$0 $0 $0
Anne Reese Carswell Board Member 001.00
Director
$0 $0 $0
Jeanna Pryor Board Member 001.00
Director
$0 $0 $0
Courtney Green-Finklea Board Member 001.00
Director
$0 $0 $0
Gabrielle Furr Board Member 001.00
Director
$0 $0 $0
Kelly Vaughn Board Member 001.00
Director
$0 $0 $0
Alphonso N Pearson Jr Board Member 001.00
Director
$0 $0 $0
Richard Ojuri Board Member 001.00
Director
$0 $0 $0
Angela Seay Board Member 001.00
Director
$0 $0 $0
JOANNA CHAMBERS CHIEF FINANCIAL OFFICER 040.00
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
2024 $360,093 $347,979 $152,029 $12,114
2023 $203,662 $256,018 $139,295 $-52,356
2022 $255,506 $159,975 $202,505 $95,531
2021 $155,203 $94,186 $106,224 $61,017
2020 $103,339 $74,593 $45,207 $28,746
2019 $88,602 $98,719 $16,461 $-10,117
2018 $101,866 $71,021 $30,077 $30,845
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