Transcend IT Inc (EIN 820904391) - 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

2017

Legal Domicile

Principal Officer

Adrian Ratnayake

Phone

6517440375

Tax Period

2021-01-01 to 2021-12-20

Transcend IT Inc, founded in 2017, is a micro nonprofit that reported $77K in total revenue in fiscal year 2021. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $72K left a modest 6% surplus.

Mission

Breaking systemic barriers to create equitable employment for underrepresented communities by providing access to technology skills, job placement, and mentorship.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $76,970

Investment Income $0

Other Revenue $0

TOTAL REVENUE $76,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,345

Other Expenses $72,017

TOTAL EXPENSES $72,017

Year-over-Year Comparison

	2021	2020	Change
Revenue	$76,970	$666,976	-0.9%
Expenses	$72,017	$651,777	-0.9%
Net Income	$4,953	$15,199	-0.7%

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

N/A

Volunteers

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Danielle Steer	President	1.00	Officer Director	$0	$0	$0
Barbra Brown	Vice President	1.00	Officer Director	$0	$0	$0
Elliot Payne	Board Member (resigned Feb 2021)	1.00	Director	$0	$0	$0
Jermaine Brown	Board Member	1.00	Director	$0	$0	$0
Samuel Ndely	Board Member	1.00	Director	$0	$0	$0
Adrian Ratnayake	Executive Director	40.00	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
2021	$76,970	$72,017	No data	$4,953
2020	$666,976	$651,777	$76,406	$15,199
2019	$257,115	$514,662	$18,576	$-257,547

Transcend IT Inc