DIGITAL HARBOR FOUNDATION INC (EIN 452536579) - 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

2011

Legal Domicile

Principal Officer

ANDREW COY

Phone

4436819384

Tax Period

2023-01-01 to 2023-12-31

DIGITAL HARBOR FOUNDATION INC, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $29.9M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.5M, a strong 48% operating margin.

Mission

DEMOCRATIZING SOCIETAL AND ECONOMIC WELL-BEING THROUGH DIGITAL EQUITY FOR EVERYONE, INCREASED DIVERSITY IN THE TECH SECTOR, INNOVATIVE EDUCATION, AND TECHNOLOGY FOR THE PUBLIC GOOD.

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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 $29,157,419

Program Service Revenue $173,306

Investment Income $162,711

Other Revenue $450,449

TOTAL REVENUE $29,943,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,562,772

Fundraising Expenses $0

Program Expenses $13,707,767

Other Expenses $11,861,637

TOTAL EXPENSES $15,424,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,943,885	$17,938,048	+0.7%
Expenses	$15,424,409	$8,570,258	+0.8%
Net Income	$14,519,476	$9,367,790	+0.5%

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

$339,688

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN TURNER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SONYA HARBAUGH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NICHOLE WEEMS	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE WRIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
FRANK BONSAL III	BOARD MEMBER	1.00	Director	$0	$0	$0
MCKEEVER CONWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
TAIISHA SWINTON-BUCK	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE HINKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE ALI	BOARD MEMBER	1.00	Director	$0	$0	$0
KIPP BRADFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALI BRINAE BRADLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY BRYANT	BOARD MEMBER	1.00	Director	$0	$0	$0
TATIANA STARTSEVA	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW COY	CHIEF EXECUTIVE OFFICER	40.00	Officer	$305,225	$34,463	$339,688
ROBERT CHARLES	CHIEF FINANCIAL OFFICER	40.00	Highest	$173,040	$7,896	$180,936
DANIELLE VELASQUEZ	CHIEF OF STAFF	40.00	Highest	$127,209	$23,414	$150,623
SAMANTHA MUSGRAVE	OPERATIONS DIRECTOR	40.00	Highest	$102,540	$14,333	$116,873

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	No data	No data	No data	No data
2023	$29,943,885	$15,424,409	$30,591,956	$14,519,476
2022	$17,938,048	$8,570,258	$16,015,793	$9,367,790
2021	$6,011,466	$3,907,578	$6,702,247	$2,103,888
2020	$1,632,088	$1,391,127	$922,387	$240,961
2019	$1,383,157	$1,165,277	$516,125	$217,880
2018	$762,451	$883,114	$309,180	$-120,663

DIGITAL HARBOR FOUNDATION INC