ImpactTek Inc (EIN 842692174) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

IMPACTTEK INC, founded in 2019, is a micro nonprofit in the Human Services sector that reported $64K in total revenue in fiscal year 2020. Revenue surged 848% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13K, a strong 20% 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.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

Governance

Voting Members

Independent Members

Employees

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

$10,415

Total Directors

$10,415

Key Employees

Highest Compensated

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

ImpactTek Inc