ADVANCE DEMOCRACY INC

EIN: 824277642 501(c)(3) International Affairs

TYSONS CORNER, VA

Total Revenue
$7,580,825
Total Expenses
$4,113,430
Total Assets
$7,659,914
Net Assets
$7,508,907
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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
2018
Legal Domicile
DC
Principal Officer
DANIEL JONES
Phone
2028100126
Tax Period
2024-01-01 to 2024-12-31

ADVANCE DEMOCRACY INC, founded in 2018, is a community nonprofit in the International Affairs sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 46% operating margin.

Mission

ADVANCE DEMOCRACY, INC. IS A NON-PARTISAN NONPROFIT THAT PRODUCES INDEPENDENT PUBLIC-INTEREST RESEARCH AND JOURNALISM TO EDUCATE THE PUBLIC ON IMPORTANT PUBLIC MATTERS. THE ORGANIZATION CONDUCTS HIGHLY-TECHNICAL, SPECIALIZED RESEARCH, PUBLISHES ANALYSIS, AND SUPPORTS JOURNALISTS, MEDIA OUTLETS, AND OTHER PUBLIC INTEREST ORGANIZATIONS WITH RESOURCES THAT CONTRIBUTE TO FACT-BASED REPORTING AND EDUCATION IN THE PUBLIC INTEREST.

Program Service Accomplishments

Program 1
Expenses: $3,465,067

RESEARCH - THE ORGANIZATION CONDUCTS PUBLIC INTEREST RESEARCH BY BUILDING AND MANAGING RESEARCH NETWORKS THAT INCLUDE EXPERTS IN FINANCIAL RECORDS, DATA ACQUISITION, PUBLIC-RECORDS RESEARCH, SOCIAL...

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RESEARCH - THE ORGANIZATION CONDUCTS PUBLIC INTEREST RESEARCH BY BUILDING AND MANAGING RESEARCH NETWORKS THAT INCLUDE EXPERTS IN FINANCIAL RECORDS, DATA ACQUISITION, PUBLIC-RECORDS RESEARCH, SOCIAL MEDIA ANALYSIS, PUBLIC POLICY, AND LEGAL AFFAIRS. OUR UNIQUE STRUCTURE AND SPECIALIZED APPROACH ALLOWS THE ORGANIZATION TO RESEARCH COMPLEX PUBLIC-INTEREST PROBLEM SETS RAPIDLY AND EFFICIENTLY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,471,804
Program Service Revenue $0
Investment Income $109,021
Other Revenue $0
TOTAL REVENUE $7,580,825

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,736,630
Fundraising Expenses $274,135
Program Expenses $3,465,067
Other Expenses $2,376,800
TOTAL EXPENSES $4,113,430

Year-over-Year Comparison

2024 2023 Change
Revenue $7,580,825 $3,571,736 +1.1%
Expenses $4,113,430 $4,127,313 0.0%
Net Income $3,467,395 $-555,577 -7.2%
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

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Governance

Voting Members
4
Independent Members
3
Employees
11
Volunteers
3

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
3
$516,518
Total Directors
4
$516,518
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL JONES PRESIDENT, CEO 50.00
Officer Director
$398,516 $59,002 $516,518
MICHAEL BALASCIO TREASURER, DIRECTOR 5.00
Officer Director
$0 $0 $0
ADAM KAUFMANN SECRETARY, DIRECTOR 5.00
Officer Director
$0 $0 $0
WILLIAM TAYLOR DIRECTOR 5.00
Director
$0 $0 $0
DEANNA WOODMAN DIRECTOR OF RESEARCH 40.00
Highest
$120,915 $13,564 $134,479
VALERIE SZYBALA RESEARCH STAFF 40.00
Highest
$131,004 $19,461 $150,465
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 $7,580,825 $4,113,430 $7,659,914 $3,467,395
2023 $3,571,736 $4,127,313 $4,175,190 $-555,577
2022 $2,373,841 $3,889,517 $4,823,015 $-1,515,676
2021 $4,369,925 $2,245,492 $4,133,329 $2,124,433
2020 $4,780,000 $3,069,109 $2,103,266 $1,710,891
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