IMAGINE WORLDWIDE

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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

JOE WOLF

Phone

4152975924

Tax Period

2023-01-01 to 2023-12-31

IMAGINE WORLDWIDE, founded in 2017, is a mid-sized nonprofit in the Community Improvement sector that reported $25.7M in total revenue in fiscal year 2023. Revenue surged 172% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 16% operating margin.

Mission

IMAGINE WORLDWIDE WILL EMPOWER EVERY CHILD, EVERYWHERE TO BUILD THE LITERACY AND NUMERACY SKILLS THEY NEED TO ACHIEVE THEIR FULL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $20,829,915

IMAGINE WORLDWIDE PROVIDES AN INNOVATIVE EDUCATION TECHNOLOGY SOLUTION TO THE GLOBAL LITERACY/NUMERACY LEARNING CRISIS. THEIR MODEL IS MASSIVELY SCALABLE, EVIDENCE-BASED, AND CAN DELIVER FOUNDATIONAL LEARNING TO MILLIONS OF THE MOST MARGINALIZED CHILDREN. IMAGINE LAUNCHED ITS FIRST PILOT IN 2018 AND NOW THEY ARE OPERATING IN 7 COUNTRIES ACROSS SUB-SAHARAN AFRICA. THIS INCLUDES MALAWI WHERE IMAGINE IS PARTNERING WITH THE GOVERNMENT TO EXPAND THE TABLET-BASED MODEL TO EVERY PRIMARY SCHOOL IN THE COUNTRY, SERVING 3.5MM LEARNERS OVER THE NEXT 5 YEARS. THERE IS ALSO ENORMOUS DEMAND TO REPLICATE THIS MODEL ELSEWHERE IN SUB-SAHARAN AFRICA AND IMAGINE IS EXPANDING TO SCALE SIMILARLY IN SEVERAL ADDITIONAL COUNTRIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,296,680

Program Service Revenue $0

Investment Income $449,949

Other Revenue $0

TOTAL REVENUE $25,746,629

Expense Breakdown

Grants Paid $5,003,145

Salaries & Benefits $2,822,038

Fundraising Expenses $463,704

Program Expenses $20,829,915

Other Expenses $13,815,059

TOTAL EXPENSES $21,689,517

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,746,629	$9,457,051	+1.7%
Expenses	$21,689,517	$4,616,032	+3.7%
Net Income	$4,057,112	$4,841,019	-0.2%

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

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

$855,201

Total Directors

$392,366

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE WOLF	CEO	38.00	Officer Director	$233,518	$20,593	$254,111
RAPELANG RABANA	CO-CEO	36.00	Officer Director	$138,255	$0	$138,255
KANINI MUTOONI	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL HORN	AUDIT COMMITTEE CHAIR	0.50	Officer Director	$0	$0	$0
AMY KLEMENT	DIRECTOR	1.50	Director	$0	$0	$0
NANA APPIAH-KORANG	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA ENONCHONG	DIRECTOR	1.00	Director	$0	$0	$0
CHINEZI CHIJIOKE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN COLBY	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER WELSH	BOARD SECRETARY	40.00	Officer	$219,818	$17,753	$237,571
ANTONIE CHIGEDA	EXECUTIVE DIRECTOR, MALAWI	2.00	Officer	$223,620	$1,644	$225,264
KAREN LEVESQUE	HEAD OF RESEARCH	40.00	Highest	$223,240	$7,583	$230,823
NAFIS ISLAM	DIRECTOR OF DEVELOPMENT	38.00	Highest	$163,600	$7,154	$170,754
SARAH BARDACK	SENIOR RESEARCHER	40.00	Highest	$111,105	$23,525	$134,630
KRISTEN STIPE	DIRECTOR OF ADMINISTRATION	36.00	Highest	$121,030	$20,293	$141,323
NEEMA KANYUA	HEAD OF PROGRAMS & SYSTEMS	34.00	Highest	$160,496	$8,558	$169,054

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	$25,746,629	$21,689,517	$15,189,508	$4,057,112
2022	$9,457,051	$4,616,032	$9,416,175	$4,841,019
2021	$3,145,641	$2,528,234	$4,339,932	$617,407
2020	$2,365,076	$2,169,746	$4,254,070	$195,330
2019	$2,650,007	$1,705,462	$3,492,881	$944,545
2018	$3,643,848	$1,294,193	$2,532,804	$2,349,655