US IGNITE INC (EIN 453943413) - 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

NICHOLAS MAYNARD

Phone

2028993231

Tax Period

2024-01-01 to 2024-12-31

US IGNITE INC, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $17.4M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $16.7M left a modest 4% surplus.

Mission

PROMOTES U.S. LEADERSHIP IN APPLICATIONS AND SERVICES FOR ULTRA-FAST BROADBAND NETWORKS.

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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 $17,350,926

Program Service Revenue $0

Investment Income $79,846

Other Revenue $0

TOTAL REVENUE $17,430,772

Expense Breakdown

Grants Paid $10,251,384

Salaries & Benefits $3,142,893

Fundraising Expenses $59,185

Program Expenses $15,406,441

Other Expenses $3,279,917

TOTAL EXPENSES $16,674,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,430,772	$14,082,305	+0.2%
Expenses	$16,674,194	$14,722,148	+0.1%
Net Income	$756,578	$-639,843	-2.2%

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

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

$371,717

Total Directors

$261,280

Key Employees

$204,412

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEB SOCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
CELIA MERZBACKER	BOARD MEMBER	1.00	Director	$0	$0	$0
LEV GONICK	BOARD MEMBER	1.00	Director	$0	$0	$0
GLENN RICART	BOARD MEMBER	10.00	Director	$0	$0	$0
MICHAEL MARCELLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
RENATA RAWLINGS-GOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM WALLACE	EXECUTIVE CHAIRMAN	30.00	Officer Director	$59,000	$0	$59,000
JOSEPH KOCHAN	TREASURER	1.00	Officer Director	$0	$0	$0
NANCY JEMISON	SECRETARY AND ASSISTANT TREASURER	40.00	Officer Director	$0	$0	$0
ERIC WERNER	PROGRAM DIRECTOR & BOARD MEMBER	40.00	Director	$185,181	$17,099	$202,280
DOROTHY ROBYN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN LEIBOVITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLAS MAYNARD	CEO AND PRESIDENT	40.00	Officer	$306,530	$6,187	$312,717
HANI ALMASOUD	TECHNICAL PROGRAM MANAGER	40.00	Key Emp	$191,818	$12,594	$204,412
EVERARD DAVENPORT	SMART COMMUNITIES DIRECTOR	40.00	Highest	$156,500	$12,660	$169,160
MARI SILBEY	PAWR PROGRAM DIRECTOR	40.00	Highest	$156,500	$6,982	$163,482
PRAVEEN ASHOK KUMAR	BIG DATA PROGRAM MANAGER	40.00	Highest	$155,000	$10,562	$165,562
RYAN GUILD	SMART BASSES PROGRAM DEVELOPER	40.00	Highest	$135,650	$8,081	$143,731
MOJDEH SADAT M MOGHADDAM	PROGRAM MANAGER	40.00	Highest	$131,750	$8,307	$140,057

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	$17,430,772	$16,674,194	$4,420,957	$756,578
2023	$14,082,305	$14,722,148	$4,120,667	$-639,843
2022	$17,955,035	$18,038,354	$6,215,967	$-83,319
2021	$15,311,234	$14,443,341	$5,718,790	$867,893
2020	$13,875,937	$13,741,605	$6,298,610	$134,332
2019	$9,852,960	$11,014,261	$4,698,962	$-1,161,301
2018	$8,073,444	$8,434,660	$5,541,702	$-361,216

US IGNITE INC