Minnetonka, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Breaking systemic barriers to create equitable employment for underrepresented communities by providing access to technology skills, job placement, and mentorship.
Transcend IT is a non-profit organization dedicated to working with Women, Veterans and BI POC individuals to move into technology careers by providing a framework of education, job skills training...
Transcend IT is a non-profit organization dedicated to working with Women, Veterans and BI POC individuals to move into technology careers by providing a framework of education, job skills training, financial literacy, career placement and continual mentorship and guidance.Transcend IT's programs are here to provide enrolled participants with a non-cost gateway to sustainable employment and income. Employment opportunities are out there but there are barriers, such as, needing experience or secondary education. Information Technology jobs are one of the biggest areas of growth in our economy but yet the demographic we serve is the least represented within the industry.The key to our success in accomplishing this is not what we do but how we do it. Our formula places just the right amount of responsibility on each participant and but also builds in dedicated experts to supplement the process so that the typical obstacles that are faced will be overcome easily.We have partnered with local organizations to ensure that we are able to provide the resources needed that we are not experts in.During 2021, due to no trainees and no operations, there were no active participants enrolled in our program and we helped zero individuals gain employment through our partnering placement companies after successfully completing the training program.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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