DIGITALIS COMMONS 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

2018

Legal Domicile

Principal Officer

LARA MANGRAVITE

Phone

6464917988

Tax Period

2023-01-01 to 2023-12-31

DIGITALIS COMMONS INC, founded in 2018, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 500% from the prior year, signaling strong growth momentum. The organization ran a surplus of $552K, a strong 26% operating margin.

Mission

DIGITALIS COMMONS DEVELOPS PUBLIC-INTEREST TECHNOLOGY TO SOLVE COMPLEX HEALTH PROBLEMS. BY INITIATING PROJECTS AND PARTNERING WITH OTHERS, WE AIM TO CREATE OPEN, INNOVATIVE, AND SCALABLE SOLUTIONS THAT SIGNIFICANTLY IMPACT HEALTH.

Program Service Accomplishments

Program 1

Expenses: $1,332,420

IN 2023, DIGITALIS COMMONS, INC. FORMED A KEY PARTNERSHIP WITH THE UNITED STATES ADVANCED RESEARCH PROJECTS AGENCY FOR HEALTH (ARPA-H). COLLABORATING WITH ARPA-H'S PROJECT ACCELERATOR TRANSITION...

IN 2023, DIGITALIS COMMONS, INC. FORMED A KEY PARTNERSHIP WITH THE UNITED STATES ADVANCED RESEARCH PROJECTS AGENCY FOR HEALTH (ARPA-H). COLLABORATING WITH ARPA-H'S PROJECT ACCELERATOR TRANSITION OFFICE (PATIO), DIGITALIS COMMONS, INC. LEVERAGED ITS COMMERCIALIZATION EXPERTISE AND EXTENSIVE NETWORK TO NAVIGATE REGULATORY, INTELLECTUAL PROPERTY, AND MARKET CHALLENGES, ACCELERATING THE DELIVERY OF INNOVATIVE HEALTH SOLUTIONS TO PATIENTS. TO SUPPORT THIS PARTNERSHIP AND PLAN FOR FUTURE GROWTH, DIGITALIS COMMONS, INC. HIRED ITS FIRST FULL-TIME EXECUTIVE DIRECTOR. UNDER THE EXECUTIVE DIRECTOR'S LEADERSHIP, THE ORGANIZATION EXPANDED ITS TEAM AND RECONSTITUTED ITS BOARD. THE RELATIONSHIP WITH ARPA-H ALSO GREW SIGNIFICANTLY, LEADING TO THE RECEIPT OF AN ADDITIONAL GRANT.

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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 $2,065,219

Program Service Revenue $0

Investment Income $35,901

Other Revenue $0

TOTAL REVENUE $2,101,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $574,467

Fundraising Expenses $37,550

Program Expenses $1,332,420

Other Expenses $974,997

TOTAL EXPENSES $1,549,464

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,101,120	$350,078	+5.0%
Expenses	$1,549,464	$18,632	+82.2%
Net Income	$551,656	$331,446	+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

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

$256,693

Total Directors

$112,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEOFFREY SMITH	CHARIMAN/TREASURER	5.00	Officer Director	$112,500	$0	$112,500
JOHN WILBANKS	SECRETARY	1.00	Officer Director	$0	$0	$0
DAC NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
MISTI USHIO	BOARD MEMBER	5.00	Director	$0	$0	$0
BRIAN TRELSTAD	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER FRIEL GOLDSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
LARA MANGRAVITE	EXECUTIVE DIRECTOR	40.00	Officer	$134,377	$9,816	$144,193
ARJUNA REDDY	CONTRACT CFO	5.00	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
2024	No data	No data	No data	No data
2023	$2,101,120	$1,549,464	$1,684,883	$551,656
2022	$350,078	$18,632	$1,116,050	$331,446
2021	$25,192	$17,545	$771,011	$7,647
2020	$282,254	$240,404	$788,080	$41,850
2019	$336,000	$152,518	$729,217	$183,482