CONNECT TO COMPETE INC

EIN: 454868462 501(c)(3) Public & Societal Benefit

LOS ANGELES, CA

Total Revenue
$1,874,747
Total Expenses
$2,585,874
Total Assets
$1,777,346
Net Assets
$1,693,383
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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
DE
Principal Officer
NORMA FERNANDEZ
Phone
5107618783
Tax Period
2024-01-01 to 2024-12-31

CONNECT TO COMPETE INC, founded in 2012, is a community nonprofit in the Public & Societal Benefit sector that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $2.6M exceeded revenue, resulting in a 38% operating deficit.

Mission

ELIMINATING THE DIGITAL DIVIDE BY PROVIDING DIGITAL LITERACY COURSES TO ALL UNCONNECTED AMERICANS.

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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 $1,780,518
Program Service Revenue $31,000
Investment Income $61,162
Other Revenue $2,067
TOTAL REVENUE $1,874,747

Expense Breakdown

Grants Paid $83,480
Salaries & Benefits $1,427,476
Fundraising Expenses $138,278
Program Expenses $1,949,920
Other Expenses $1,074,918
TOTAL EXPENSES $2,585,874

Year-over-Year Comparison

2024 2023 Change
Revenue $1,874,747 $2,218,055 -0.2%
Expenses $2,585,874 $1,852,891 +0.4%
Net Income $-711,127 $365,164 -2.9%
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
5
Independent Members
5
Employees
14
Volunteers
9

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
5
$277,993
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORMA FERNANDEZ CEO 40.00
Officer
$165,869 $10,852 $176,721
JESSICA SCADRON VP, STRATEGIC COMMUNICATIONS 40.00
Highest
$111,161 $36,742 $147,903
DIANA RODRIGUEZ VP, PROGRAMS AND STRATEGY 40.00
Highest
$125,094 $17,081 $142,175
NATHAN ANTOCCIA DIRECTOR OF OPERATIONS 40.00
Highest
$108,553 $7,360 $115,913
PAULINA CHAVEZ DIRECTOR OF PROGRAMS 40.00
Highest
$100,100 $8,306 $108,406
CHRISTOPHER ROESNER DIRECTOR OF FINANCE 40.00
Officer
$89,098 $12,174 $101,272
JOVAN HICKS EXECUTIVE/CHAIR 2.00
Officer Director
$0 $0 $0
ERICA SWANSON TREASURER 2.00
Officer Director
$0 $0 $0
BOBBY COULTER SECRETARY 2.00
Officer Director
$0 $0 $0
VINODH MENON DIRECTOR 2.00
Director
$0 $0 $0
ZACH LEVERENZ DIRECTOR 2.00
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 $1,874,747 $2,585,874 $1,777,346 $-711,127
2023 $2,218,055 $1,852,891 $2,439,686 $365,164
2022 $1,647,124 $1,664,963 $2,080,524 $-17,839
2021 $1,764,857 $1,251,502 $2,074,164 $513,355
2020 $1,695,799 $673,663 $1,550,847 $1,022,136
2019 $660,955 $661,749 $536,531 $-794
2018 $793,257 $1,505,854 $557,824 $-712,597
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