Rewriting the Code Inc

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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

2016

Legal Domicile

Principal Officer

SUSAN HARNETT

Phone

9198182536

Tax Period

2022-01-01 to 2022-12-31

Rewriting the Code Inc, founded in 2016, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $650K, a strong 20% operating margin.

Mission

REWRITING THE CODE SUPPORTS AND EMPOWERS COLLEGE, GRADUATE AND EARLY CAREER WOMEN IN TECH, THROUGH INTERSECTIONAL COMMUNITIES, MENTORSHIP, INDUSTRY EXPERIENCE AND EDUCATIONAL RESOURCES, TO BECOME THE NEXT GENERATION OF ENGINEERS AND TECH LEADERS.

Program Service Accomplishments

Program 1

Expenses: $1,214,144 Revenue: $1,153,841

General Programming Rewriting the Code hosted 125+ events & programs attended by 7,071 members, awarded 44 conference scholarships and distributed $163,936 in support via the RTC Women in Tech Fund. Additionally, RTC launched the Rising Leader Institute to elevate and develop 30 student leaders and kicked off a new community for our Early Career members, with initial in-person hubs based in Seattle and NYC.

Program 2

Expenses: $175,286 Revenue: $0

Women in Tech Fund A $1.5M collaborative fund between Goldman Sachs and Rewriting the Code that invests in degree completion for undergrad women in computing facing financial obstacles to graduation.

Program 3

Expenses: $123,986 Revenue: $202,380

Reboot Representation (formerly called Latinas de RTC/Blackwings) Black Wings aims to foster a sense of inclusion and belonging for Black women in tech by engaging their perspectives in a way that...

Reboot Representation (formerly called Latinas de RTC/Blackwings) Black Wings aims to foster a sense of inclusion and belonging for Black women in tech by engaging their perspectives in a way that acknowledges the unique experiences they encounter on a daily basis. Establishing this community can have a breakthrough impact on students, and demonstrates the overall goal of fighting barriers of discrimination for women in tech. To that end, we have created the Black Wings community within Rewriting the Code that is 1,200+ women and growing. The Latinas de RTC group was created for Latina women in technology and engineering majors to share experiences and advice, have a familiar community within the tech industry, and gain the support that comes from having a group of women with shared interests. The group is built around inclusivity, and was created as a welcoming, safe space to share experiences, talk about difficult topics, and most importantly meet new Latinas who you can have fun with. Just as with all of Rewriting the Code, the community is free to join.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,854,923

Program Service Revenue $1,356,221

Investment Income $550

Other Revenue $3,877

TOTAL REVENUE $3,215,571

Expense Breakdown

Grants Paid $209,179

Salaries & Benefits $1,281,718

Fundraising Expenses $347,421

Program Expenses $1,597,312

Other Expenses $1,074,216

TOTAL EXPENSES $2,565,113

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,215,571	$2,678,583	+0.2%
Expenses	$2,565,113	$1,508,987	+0.7%
Net Income	$650,458	$1,169,596	-0.4%

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

Governance

Voting Members

Independent Members

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

$416,945

Total Directors