VotingWorks (EIN 832910494) - 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

2018

Legal Domicile

Principal Officer

Ben Adida

Phone

5108068333

Tax Period

2024-01-01 to 2024-12-31

VotingWorks, founded in 2018, is a community nonprofit in the Civil Rights & Advocacy sector that reported $6.9M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $8.9M exceeded revenue, resulting in a 29% operating deficit.

Mission

VotingWorks is a non-partisan, non-profit dedicated to building secure and affordable election technology to increase voter trust in elections

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,025,171

Program Service Revenue $3,500,847

Investment Income $336,525

Other Revenue $1,146

TOTAL REVENUE $6,863,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,474,323

Fundraising Expenses $109,586

Program Expenses $7,921,239

Other Expenses $4,409,743

TOTAL EXPENSES $8,884,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,863,689	$10,883,381	-0.4%
Expenses	$8,884,066	$6,199,435	+0.4%
Net Income	$-2,020,377	$4,683,946	-1.4%

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

$663,446

Total Directors

$381,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Benjamin Michael Adida	Executive Dir.	40.00	Officer Director	$324,821	$56,443	$381,264
Jesse T Dewald	Head of Hardware	40.00		$255,631	$48,162	$303,793
Janine M Trame	Op/Sec./Tres.	40.00	Officer	$244,040	$38,142	$282,182
Arsalan Akkas Sufi	Head of Software	40.00		$238,711	$22,868	$261,579
Matthew R Roe	Head of Product	40.00		$228,442	$22,442	$250,884
Virginia M Vander Roest	Head of CS	40.00		$197,465	$42,673	$240,138
Kevin W Shen	Software Engineer	40.00		$217,195	$19,515	$236,710
John Lilly	Director	1.00	Director	$0	$0	$0
Ryan Merkley	Director	1.00	Director	$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	$6,863,689	$8,884,066	$10,491,245	$-2,020,377
2023	$10,883,381	$6,199,435	$11,941,830	$4,683,946
2022	$6,297,952	$4,431,632	$7,090,871	$1,866,320
2021	$4,033,953	$3,823,124	$5,045,508	$210,829
2020	$7,003,145	$2,370,305	$4,995,810	$4,632,840

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