THE LAUNCHCODE FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

JAMES MCKELVEY

Phone

3142540107

Tax Period

2023-01-01 to 2023-12-31

THE LAUNCHCODE FOUNDATION, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $14.5M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $17.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

LAUNCHCODE IS A NONPROFIT ORGANIZATION DEDICATED TO CREATING ECONOMIC OPPORTUNITY FOR ASPIRING DEVELOPERS THROUGH JOB PLACEMENT AND TRAINING IN TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $14,353,008 Revenue: $11,923,062

LAUNCHCODE INCREASES ECONOMIC OPPORTUNITY AND UPWARD MOBILITY BY PLACING DRIVEN INDIVIDUALS INTO TECHNOLOGY APPRENTICESHIPS AND JOBS BASED ON APTITUDE, PROFESSIONALISM, AND SKILLS. IN 2023, WE WORKED WITH HUNDREDS OF COMPANIES AND EDUCATION PARTNERS TO HELP OUR CANDIDATES OVERCOME TRADITIONAL BARRIERS TO EMPLOYMENT SUCH AS FORMAL DEGREES OR YEARS OF JOB EXPERIENCE, PLACING 149 INDIVIDUALS INTO APPRENTICESHIPS OR PERMANENT JOBS IN TECHNOLOGY. LAUNCHCODE PROVIDED TECH EDUCATION SERVICES TO 1,085 NEW INDIVIDUALS IN 2023. IN PURSUIT OF THIS GOAL, LAUNCHCODE RECEIVED SUBSTANTIAL IN-KIND SUPPORT (RENT, CONSULTING, ACCOUNTING AND LEGAL SERVICES, MENTORING, DIGITAL MARKETING AND SOFTWARE LICENSES FOR APPRENTICESHIP CANDIDATES) VALUED AT $165,734.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,272,594

Program Service Revenue $11,923,062

Investment Income $336,327

Other Revenue $-41,545

TOTAL REVENUE $14,490,438

Expense Breakdown

Grants Paid $886,474

Salaries & Benefits $13,348,458

Fundraising Expenses $411,798

Program Expenses $14,353,008

Other Expenses $2,751,844

TOTAL EXPENSES $16,986,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,490,438	$18,627,077	-0.2%
Expenses	$16,986,776	$17,703,986	0.0%
Net Income	$-2,496,338	$923,091	-3.7%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

336

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

$314,436

Total Directors

Key Employees

$165,001

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLIN BRENT	CHIEF COMMERCIAL OFFICER	60.00	Key Emp	$154,701	$10,300	$165,001
LIN WANG	CHIEF PROGRAM OFFICER	60.00	Highest	$121,372	$24,562	$145,934
KEITH SLATER	VP OF TECHNOLOGY	45.00	Highest	$113,647	$26,264	$139,911
MICHAEL NORTHRUP	LEAD MANAGING DIRECTOR	45.00	Highest	$119,260	$15,337	$134,597
ETHAN LEIGH	CFO/COO	60.00	Officer	$112,109	$21,669	$133,778
ROB THOMAS	VP OF TECHNICAL EDU (THRU 12/23)	45.00	Highest	$102,194	$15,259	$117,453
JULIAN NICKS	EXECUTIVE DIRECTOR	60.00	Officer	$109,150	$4,581	$113,731
TASMYN SCARL	EXECUTIVE DIRECTOR (THRU 4/23)	60.00	Officer	$66,246	$681	$66,927
JAMES MCKELVEY	PRESIDENT	8.00	Officer Director	$0	$0	$0
TIMOTHY FCFADDEN	SECRETARY	2.30	Officer Director	$0	$0	$0
CYERIA JACKSON	TREASURER	1.80	Officer Director	$0	$0	$0
MARK BROOKS	DIRECTOR	1.80	Director	$0	$0	$0
JOE CALIA	DIRECTOR	1.80	Director	$0	$0	$0
ALISON FERRING	DIRECTOR	1.80	Director	$0	$0	$0
MICHAEL GALLAGHER	DIRECTOR	1.80	Director	$0	$0	$0
DAN GILLIAN	DIRECTOR	1.80	Director	$0	$0	$0
EVERETT JOHNSON	DIRECTOR	1.80	Director	$0	$0	$0
SARAH MAYER	DIRECTOR	1.80	Director	$0	$0	$0
JULIAN NICKS	DIRECTOR (THRU 6/23)	1.80	Director	$0	$0	$0
ERNEST SMILEY	DIRECTOR	1.80	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	No data	No data	No data	No data
2023	$14,490,438	$16,986,776	$19,414,868	$-2,496,338
2022	$18,627,077	$17,703,986	$21,183,312	$923,091
2021	$16,796,933	$12,573,874	$16,718,030	$4,223,059
2020	$17,415,246	$12,816,223	$15,462,417	$4,599,023
2019	$15,054,549	$12,655,091	$8,231,731	$2,399,458
2018	$10,884,872	$8,679,860	$5,140,840	$2,205,012