CONNECT TO COMPETE 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

2012

Legal Domicile

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

EVERYONEON HELPS UNLOCK SOCIAL AND ECONOMIC OPPORTUNITY BY CONNECTING PEOPLE IN UNDER-RESOURCED COMMUNITIES TO AFFORDABLE INTERNET SERVICE AND COMPUTERS, AND PROVIDING DIGITAL SKILLS TRAININGS.

Program Service Accomplishments

Program 1

Expenses: $1,699,240 Revenue: $0

BROADBAND ADOPTION & TRAININGS - FACILITATED ACCESS TO AND ENROLLMENT IN LOW-COST INTERNET SERVICE AND AFFORDABLE COMPUTERS, AND DELIVERED DIGITAL SKILLS TRAINING TO UNCONNECTED AND UNDERCONNECTED...

BROADBAND ADOPTION & TRAININGS - FACILITATED ACCESS TO AND ENROLLMENT IN LOW-COST INTERNET SERVICE AND AFFORDABLE COMPUTERS, AND DELIVERED DIGITAL SKILLS TRAINING TO UNCONNECTED AND UNDERCONNECTED INDIVIDUALS AND FAMILIES THROUGH PARTNERSHIPS WITH CROSS-SECTOR ORGANIZATIONS AND DEVICE REFURBISHERS.

Program 2

Expenses: $250,680 Revenue: $31,000

DIGITAL INCLUSION AWARENESS - INCREASED AWARENESS OF THE DIGITAL DIVIDE AND ITS IMPACT, AS WELL AS AFFORDABLE SOLUTIONS FOR INTERNET ACCESS, COMPUTERS, AND DIGITAL LITERACY RESOURCES TO DIVERSE...

DIGITAL INCLUSION AWARENESS - INCREASED AWARENESS OF THE DIGITAL DIVIDE AND ITS IMPACT, AS WELL AS AFFORDABLE SOLUTIONS FOR INTERNET ACCESS, COMPUTERS, AND DIGITAL LITERACY RESOURCES TO DIVERSE ORGANIZATIONS ACROSS THE COUNTRY.

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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 $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

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

$277,993

Total Directors

Key Employees

Highest Compensated

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