NETWORK TECHNOLOGY ACADEMY INSTITUTE INC

EIN: 753140593 501(c)(3)

SOMERVILLE, MA

Total Revenue
$497,132
Total Expenses
$352,450
Total Assets
$388,113
Net Assets
$236,415
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MA
Principal Officer
AXELL EMMANUEL
Phone
6176280277
Tax Period
2019-01-01 to 2019-12-31

NETWORK TECHNOLOGY ACADEMY INSTITUTE INC, founded in 2003, is a small nonprofit that reported $497K in total revenue in fiscal year 2019. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $145K, a strong 29% operating margin.

Mission

WE HELP PEOPLE, IN DIVERSE CIRCUMSTANCES, GROW THEIR IT EXPERIENCE AS QUICKLY AS POSSIBLE. THERE IS A GREAT NEED TO REDUCE OUR NATION'S UNEMPLOYMENT, AND AN EVEN GREATER NEED TO TRAIN OUR VETERANS FOR SKILLED JOBS. RIGHT NOW, THERE IS A SIGNIFICANT GAP BETWEEN CERTIFIED NETWORK AND SYSTEM ENGINEERS AND THE JOBS NEEDED TO BE FILLED IN THE IT INDUSTRY. TRAINING THE NEXT GENERATION OF ENGINEERS WILL CLOSE THE SKILLED IT JOBS GAP, REDUCE UNEMPLOYMENT AND HELP OUR DESERVING VETERANS: A WIN-WIN-WIN

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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 (2019)

Revenue Breakdown

Contributions & Grants $139,084
Program Service Revenue $358,048
Investment Income $0
Other Revenue $0
TOTAL REVENUE $497,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,773
Fundraising Expenses $0
Program Expenses $278,188
Other Expenses $331,677
TOTAL EXPENSES $352,450

Year-over-Year Comparison

2019 2018 Change
Revenue $497,132 $399,839 +0.2%
Expenses $352,450 $357,333 0.0%
Net Income $144,682 $42,506 +2.4%
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
3
Independent Members
3
Employees
1
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
2
$617
Total Directors
6
$17,017
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUCREZIA EMMANUEL DIRECTOR 20.00
Director
$16,400 $0 $16,400
AXELL EMMANUEL PRESIDENT/TR 40.00
Officer Director
$617 $0 $617
JAMES BONDS DIRECTOR 2.00
Director
$0 $0 $0
DIANE DOWNING DIRECTOR 2.00
Director
$0 $0 $0
DANIEL LANGSAN DIRECTOR 2.00
Director
$0 $0 $0
ALPHONSO RUBIERE DIRECTOR 2.00
Director
$0 $0 $0
JEAN BORGARD CLERK 2.00
Officer
$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
2019 $497,132 $352,450 $388,113 $144,682
2018 $399,839 $357,333 $346,177 $42,506
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