PALO ALTO, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BENEFICENT TECHNOLOGY INC, founded in 2000, is a mid-sized nonprofit in the Human Services sector that reported $10.9M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $14.0M exceeded revenue, resulting in a 28% operating deficit.
BENETECH IS DRAMATICALLY IMPROVING EDUCATION EQUITY IN PARTNERSHIP WITH THE COMMUNITIES THAT IT SERVES THROUGH ITS TECHNOLOGY, PROGRAMS AND SERVICES, CATERING TO THE HISTORICALLY UNDERSERVED POPULATION OF 1 IN 5 STUDENTS WHO LEARN DIFFERENTLY. BENETECH BELIEVES THAT EQUITABLE
ACCESSIBLE EDUCATION CONTENT AND TECHNOLOGY:BENETECH HAS BEEN DELIVERING INCLUSIVE LEARNING SOLUTIONS FOR OVER 20 YEARS AS THE DEVELOPER OF BOOKSHARE, THE WORLD'S LARGEST SERVICE FOR ACCESSIBLE...
ACCESSIBLE EDUCATION CONTENT AND TECHNOLOGY:BENETECH HAS BEEN DELIVERING INCLUSIVE LEARNING SOLUTIONS FOR OVER 20 YEARS AS THE DEVELOPER OF BOOKSHARE, THE WORLD'S LARGEST SERVICE FOR ACCESSIBLE EDUCATION MATERIALS. BENETECH IS TRANSFORMING HOW EDUCATIONAL CONTENT IS MADE ACCESSIBLE THROUGH INITIATIVES LIKE BOOKSHARE AND ITS GLOBAL CERTIFIED ACCESSIBLE (GCA) PROGRAM. THROUGH THE BOOKSHARE PLATFORM, BENETECH PROVIDES THE WORLD'S LARGEST ONLINE SERVICE FOR ACCESSIBLE E-BOOKS DELIVERING MORE THAN 20 MILLION E-BOOKS AND MATERIALS THAT HAVE SERVED OVER 1.5 MILLION LEARNERS. BENETECH BOOKSHARE MEMBERS READ BOOKS IN FORMATS THAT WORK BEST FOR THEM, WHETHER IT BE AUDIO, TYPOGRAPHY MANIPULATION, WORD HIGHLIGHTS SYNCED WITH AUDIO AND SO ON THROUGH THE BROWSER, MOBILE APPLICATION OR OTHER ASSISTIVE TECHNOLOGY (AT) OF CHOICE. BENETECH'S GOAL FOR ALL LEARNERS IS TO IMPROVE LITERACY AND FOSTER A LOVE FOR LIFE-LONG LEARNING. BENETECH CONTINUES TO SCALE AND INNOVATE, INCLUDING TAKING ON THE NEXT FRONTIER OF LEARNING CONTENT BY MAKING STEM ACCESSIBLE AND EQUITABLE FOR ALL LEARNERS. THE BORN ACCESSIBLE, GCA INITIATIVE CONTINUES TO DRIVE SYSTEM CHANGE IN THE PUBLISHING INDUSTRY, PARTNERING WITH PUBLISHERS TO MAKE BOOKS ACCESSIBLE WHEN THEY ARE CREATED.INCLUSIVE EDUCATION CAPACITY BUILDING AND COMMUNITY ENGAGEMENT:BENETECH IS DEEPENING ITS IMPACT ON EQUITY IN EDUCATION BY WORKING CLOSELY WITH COMMUNITY-BASED ORGANIZATIONS, SCHOOLS, DISTRICTS AND MORE, TO IDENTIFY AND PROVIDE STUDENTS AND THOSE SERVING THEM, SUCH AS AFTER SCHOOL PROGRAMS, THE SUPPORT THEY NEED. DOMESTICALLY, BENETECH IS EXPANDING ITS LOCAL OUTREACH PROGRAMS ACROSS URBAN AND RURAL COMMUNITIES IN NEED - SUCH AS ATLANTA, ALBUQUERQUE, DETROIT, LAS VEGAS AND MEMPHIS - AND ARE BUILDING A MODEL FOR PLACE-BASED CHANGE TO CLOSE LEARNING GAPS.BENETECH SERVES LEARNERS IN OVER 90 COUNTRIES DIRECTLY OR THROUGH PARTNERS AND PROVIDE CAPACITY BUILDING SERVICES FOR INCLUSIVE EDUCATION AND EDUCATION FOR STUDENTS WITH DISABILITIES, PARTICULARLY IN LOW AND MIDDLE INCOME COUNTRIES. BENETECH SUPPORTS SCHOOLS FOR DIGITAL TRANSFORMATION TO EMBRACE INCLUSIVE EDUCATION THROUGH DIGITAL LITERACY AND DIGITAL PEDAGOGY. BENETECH PROVIDES TRAINING AND TECHNICAL ASSISTANCE TO EDUCATORS TO EFFECTIVELY USE ACCESSIBLE CONTENT AND TECHNOLOGY.
HUMAN RIGHTS: BENETECH'S PRIOR, ADDITIONAL WORK SPECIFIC TO HUMAN RIGHTS HAS TRANSITIONED TO PARTNERS IN THOSE COMMUNITIES.
TECH MATTERS: THIS FISCALLY SPONSORED PROJECT WORKS IN THREE AREAS: BUILDING THE TECH FOR SOCIAL GOOD FIELD, ASSISTING CRISIS RESPONSE HELPLINES, AND SUPPORTING LOCAL LEADERS AROUND THE WORLD...
TECH MATTERS: THIS FISCALLY SPONSORED PROJECT WORKS IN THREE AREAS: BUILDING THE TECH FOR SOCIAL GOOD FIELD, ASSISTING CRISIS RESPONSE HELPLINES, AND SUPPORTING LOCAL LEADERS AROUND THE WORLD. FIELD-BUILDING WORK INCLUDES NO-CHARGE CONSULTING TO NONPROFIT LEADERS, A PODCAST FEATURING TECH FOR GOOD LEADERS, PUBLIC SPEAKING AND WRITTEN ARTICLES. ASELO IS AN OPEN-SOURCE CONTACT CENTER PLATFORM DESIGNED SPECIFICALLY FOR THE NEEDS OF CRISIS RESPONSE HELPLINES WHICH DO COUNSELING, REFERRAL AND CASE MANAGEMENT. TERRASO IS AN OPEN SOURCE, ONLINE PLATFORM BEING BUILT FOR LOCAL LEADERS TO ACCESS THE TOOLS, DATA AND FUNDING THEY NEED TO BUILD MORE SUSTAINABLE AND REGENERATIVE LOCAL ECONOMIES AGAINST THE BACKDROP OF CLIMATE CHANGE.ON JANUARY 24, 2023, TECH MATTERS OBTAINED ITS TAX-EXEMPT STATUS UNDER IRS 501(C), AS SUCH, BENETECH ENDED ITS FISCAL SPONSORSHIP AGREEMENT WITH TECH MATTERS.BENETECH IS VULNERABLE TO THE INHERENT RISKS ASSOCIATED WITH REVENUE THAT IS SUBSTANTIALLY DEPENDENT ON GOVERNMENT FUNDING, PUBLIC SUPPORT, AND CONTRIBUTIONS. THE CONTINUED GROWTH AND WELL-BEING OF BENETECH IS CONTINGENT UPON SUCCESSFUL ACHIEVEMENT OF ITS LONG-TERM REVENUE-RAISING GOALS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $10,927,375 | $16,107,648 | -0.3% |
| Expenses | $14,038,123 | $16,300,016 | -0.1% |
| Net Income | $-3,110,748 | $-192,368 | +15.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GERARDO CAPIEL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RAYANNE DARENSBOURG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM ELDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THERESA FAY-BUSTILLOS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN LO | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| YOKO NAKAO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HEMA SUNDARRAJ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHERINE SCHNEIDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TAMARA RORIE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JUNE KLEIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES FRUCHTERMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AYAN KISHORE | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$302,254 | $32,830 | $335,084 |
| MICHAEL JOHNSON | VP CONTENT | 40.00 |
Key Emp
|
$178,255 | $39,759 | $218,014 |
| LISA WADORS VERNE | VP PROGRAMS | 40.00 |
Key Emp
|
$178,011 | $41,707 | $219,718 |
| AARON FIRESTONE | VP DATA INSIGHTS | 40.00 |
Key Emp
|
$168,214 | $31,383 | $199,597 |
| MATTHEW YIP | VP PRODUCT & ENGINEERING | 40.00 |
Key Emp
|
$157,125 | $14,020 | $171,145 |
| CHARLES MARK LAPIERRE | ARCHITECT | 40.00 |
Highest
|
$179,990 | $37,125 | $217,115 |
| JOHN BRUGGE | ENGINEERING MANAGER | 40.00 |
Highest
|
$170,389 | $55,276 | $225,665 |
| JACOB A BROWNELL | PRINCIPAL ENGINEER | 40.00 |
Highest
|
$172,061 | $12,717 | $184,778 |
| RONALD K ELLIS III | SENIOR ENGINEER | 40.00 |
Highest
|
$165,770 | $13,156 | $178,926 |
| KATHRYN BEEHLER | SENIOR PRODUCT MANAGER | 40.00 |
Highest
|
$155,177 | $10,898 | $166,075 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $10,927,375 | $14,038,123 | $2,547,397 | $-3,110,748 |
| 2022 | $16,107,648 | $16,300,016 | $6,571,567 | $-192,368 |
| 2021 | $16,053,151 | $14,643,213 | $6,239,324 | $1,409,938 |
| 2020 | $15,504,546 | $15,323,008 | $7,372,573 | $181,538 |
| 2019 | $14,815,412 | $14,771,631 | $5,233,252 | $43,781 |
| 2018 | $13,780,014 | $12,728,000 | $5,238,161 | $1,052,014 |
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