Sumaj Foundation Ventura Training Institute (EIN 474357342) - 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

2015

Legal Domicile

Phone

8053855485

Tax Period

2023-01-01 to 2023-12-31

Sumaj Foundation Ventura Training Institute, founded in 2015, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $518K, a strong 42% operating margin.

Mission

The purpose and mission of Sumaj Foundation is to prepare its participants with the necessary skills and basis training to meet and exceed State and Federal requirements for certification and provide its services to participants living within California, particularly in Los Angeles, Santa Barbara and Ventura counties. Training programs are available on weekdays and or evenings to accomodate a variety of schedules.

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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 $803,576

Program Service Revenue $439,166

Investment Income $6

Other Revenue $1,054

TOTAL REVENUE $1,243,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $449,639

Fundraising Expenses $0

Program Expenses $517,677

Other Expenses $276,129

TOTAL EXPENSES $725,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,243,802	$720,856	+0.7%
Expenses	$725,768	$710,486	+0.0%
Net Income	$518,034	$10,370	+49.0%

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

N/A

Employees

Volunteers

N/A

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

Total Directors

$201,905

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denice Wharton	Executive Dir.	40.00	Director	$110,000	$0	$110,000
Jannet Wharton	Director	20.00	Director	$91,905	$0	$91,905

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,243,802	$725,768	$799,650	$518,034
2022	$720,856	$710,486	$157,230	$10,370
2021	$780,900	$721,865	$131,554	$59,035
2020	$489,408	$496,692	$64,480	$-7,284
2019	$449,310	$492,006	$78,105	$-42,696
2018	$429,191	$388,329	$106,291	$40,862

Sumaj Foundation Ventura Training Institute