ISACA Foundation

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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

2019

Legal Domicile

Phone

8472531545

Tax Period

2024-01-01 to 2024-12-31

ISACA Foundation, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $379K, a strong 21% operating margin.

Mission

Our mission is to provide opportunities for under-represented individuals to enter security professions and support the advancement of untapped talent into leadership positions.

Program Service Accomplishments

Program 1

Expenses: $1,087,019

The ISACA Foundation celebrates the many achievements in our work to address the IT audit and cyber workforce gap by PROVIDING SUPPORT AND OPPORTUNITIES FOR UNDER-REPRESENTED INDIVIDUALS into career pipelines. Highlights include: * Awarded 191 scholarships to students from 21 countries through the foundation's scholarship program * Paid out US$414,2000 in scholarship awards * Connected these scholarship recipients with mentoring, cyber classes, virtual conferences, webinars, networking, and a pipeline into careers * The scholarship program enlisted the support of 515 ISACA volunteers and 25 partners

Program 2

Expenses: $54,850

The ISACA Foundation celebrates expanding the Digital Trust Workforce Expansion Program in 2024 to create opportunities for underrepresented and economically disadvantaged communities. * The Digital Trust Workforce Expansion Program, which serves underserved populations, expanded to eight US cities in partnership with the Caterpillar Foundation * The Digital Trust Workforce Expansion Program provided education (free certification training, mentorship, career support, and connections to internships) to 163 learners * Nearly 9 in 10 Digital Trust Workforce Expansion Program participants (87%) come from diverse backgrounds * Paid out US$20,900 in stipends to participants in the Workforce Expansion Program to provide further career support.

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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 $1,610,504

Program Service Revenue $0

Investment Income $163,362

Other Revenue $0

TOTAL REVENUE $1,773,866

Expense Breakdown

Grants Paid $435,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,141,869

Other Expenses $959,728

TOTAL EXPENSES $1,394,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,773,866	$1,886,915	-0.1%
Expenses	$1,394,828	$1,238,228	+0.1%
Net Income	$379,038	$648,687	-0.4%

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

524

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

$2,174,520

Total Directors

$1,309,415

Key Employees

$592,717

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erik Prusch	PRESIDENT, Secretary, DIRECTOR & ISACA CEO	1.0	Officer Director	$0	$288,762	$1,309,415
Ariel Weintraub	Vice Chair	1.0	Director	$0	$0	$0
CHRIS MOSCHIVITIS	DIRECTOR	1.0	Director	$0	$0	$0
Dev PATEL	Director (Through June 2024)	1.0	Director	$0	$0	$0
GAIL COURY	CHAIR	3.0	Director	$0	$0	$0
Jermaine Stanley	Director	1.0	Director	$0	$0	$0
Liana Melchenko	Director (From August 2024)	1.0	Director	$0	$0	$0
Niel Harper	Director	1.0	Director	$0	$0	$0
RV RAGHU	DIRECTOR	1.0	Director	$0	$0	$0
Veronica N Rose	Director	1.0	Director	$0	$0	$0
Thomas Kyei-Boateng	TREASURER & CFO	1.0	Officer	$0	$122,640	$865,105
Meeghan Ward Creeden	Executive Director (Through October 2024)	1.0	Key Emp	$0	$47,957	$592,717

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	$1,773,866	$1,394,828	$3,479,642	$379,038
2023	$1,886,915	$1,238,228	$3,323,763	$648,687
2022	$1,380,023	$1,301,882	$2,164,846	$78,141
2021	$172,329	$655,050	$975,487	$-482,721
2020	$1,342,077	$1,043,240	$848,126	$298,837