ImpactTek Inc

EIN: 842692174 501(c)(3) Human Services

Fairfax, VA

Total Revenue
$402,825
Total Expenses
$309,734
Total Assets
$130,318
Net Assets
$127,162
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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
VA
Tax Period
2023-01-01 to 2023-12-31

ImpactTek Inc, founded in 2019, is a small nonprofit in the Human Services sector that reported $403K in total revenue in fiscal year 2023. Revenue surged 169% from the prior year, signaling strong growth momentum. The organization ran a surplus of $93K, a strong 23% operating margin.

Mission

The mission of Impactek Inc is to empower underserved communities by providing information technology training and employment opportunities in the technology sector.

Program Service Accomplishments

Program 1
Expenses: $212,840 Revenue: $402,807

The mission of Impactek Inc is to empower underserved communities by providing information technology training and employment opportunities in the technology sector.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $402,807
Investment Income $18
Other Revenue $0
TOTAL REVENUE $402,825

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,281
Fundraising Expenses $0
Program Expenses $212,840
Other Expenses $296,453
TOTAL EXPENSES $309,734

Year-over-Year Comparison

2023 2022 Change
Revenue $402,825 $149,524 +1.7%
Expenses $309,734 $133,905 +1.3%
Net Income $93,091 $15,619 +5.0%
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
5
Independent Members
5
Employees
1
Volunteers
N/A

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
$10,415
Total Directors
5
$10,415
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ahmed Adde President 10.00
Officer Director
$10,415 $0 $10,415
Will Nelson Board Member 0.00
Director
$0 $0 $0
Mohamed Said Board Member 0.00
Director
$0 $0 $0
Omer Abderahim Secretary 0.00
Officer Director
$0 $0 $0
Jolene Valentine Treasurer 0.00
Officer 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 No data No data No data No data
2023 $402,825 $309,734 $130,318 $93,091
2022 $149,524 $133,905 $39,800 $15,619
2021 $104,143 $96,856 $23,767 $7,287
2021 $104,143 $96,856 $23,767 $7,287
2021 $104,143 $96,483 $23,767 $7,660
2020 $63,665 $50,742 $14,926 $12,923
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