DIGITALC

EIN: 811731053 501(c)(3) Community Improvement

CLEVELAND, OH

Total Revenue
$12,777,356
Total Expenses
$6,937,829
Total Assets
$13,256,493
Net Assets
$6,736,293
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
OH
Principal Officer
MARLENE PIATAK
Phone
2169232240
Tax Period
2023-01-01 to 2023-12-31

DIGITALC, founded in 2015, is a mid-sized nonprofit in the Community Improvement sector that reported $12.8M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.8M, a strong 46% operating margin.

Mission

EMPOWER THE PEOPLE OF GREATER CLEVELAND TO ACHIEVE SUCCESS THROUGH TECHNOLOGY, INNOVATION AND CONNECTED COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,149,839
Program Service Revenue $609,239
Investment Income $18,278
Other Revenue $0
TOTAL REVENUE $12,777,356

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,006,098
Fundraising Expenses $162,995
Program Expenses $5,325,162
Other Expenses $2,931,731
TOTAL EXPENSES $6,937,829

Year-over-Year Comparison

2023 2022 Change
Revenue $12,777,356 $8,087,912 +0.6%
Expenses $6,937,829 $8,312,393 -0.2%
Net Income $5,839,527 $-224,481 -27.0%
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

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Governance

Voting Members
13
Independent Members
12
Employees
48
Volunteers
12

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
5
$309,744
Total Directors
12
$309,744
Key Employees
2
$468,811
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA EDMONDS CEO 40.00
Officer Director
$271,606 $38,138 $309,744
LANCE PREW EXEC. CHAIR 4.00
Officer Director
$0 $0 $0
CHAS WITHERS VICE CHAIR 1.00
Officer Director
$0 $0 $0
JAMES FOX TREASURER 2.00
Officer Director
$0 $0 $0
TANIA MENESSE SECRETARY 1.00
Officer Director
$0 $0 $0
JOSEPH GLICK DIRECTOR 1.00
Director
$0 $0 $0
BORIS MAYSEL DIRECTOR 1.00
Director
$0 $0 $0
FELTON THOMAS DIRECTOR 1.00
Director
$0 $0 $0
JON GRIMM DIRECTOR 1.00
Director
$0 $0 $0
TERESA BEASLEY DIRECTOR 1.00
Director
$0 $0 $0
TOM WALTERMIRE DIRECTOR 1.00
Director
$0 $0 $0
YVETTE ITTU DIRECTOR 1.00
Director
$0 $0 $0
JOSE VALDEZ COO 40.00
Key Emp
$255,268 $50,510 $305,778
MARLENE PIATAK CFO 40.00
Key Emp
$153,431 $9,602 $163,033
LADONNA NORRIS HCE 40.00
Highest
$128,918 $40,347 $169,265
SAMANTHA SOPKO HCE 40.00
Highest
$137,887 $29,108 $166,995
ADRIAN TETU HCE 40.00
Highest
$150,846 $15,411 $166,257
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 $12,777,356 $6,937,829 $13,256,493 $5,839,527
2022 $8,087,912 $8,312,393 $2,699,517 $-224,481
2021 $5,389,447 $5,950,163 $2,195,981 $-560,716
2020 $4,322,340 $4,366,029 $2,138,481 $-43,689
2019 $2,489,041 $2,642,563 $2,135,828 $-153,522
2018 $2,730,890 $2,312,008 $2,385,872 $418,882
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