ITEXPERIENCE 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

2019

Legal Domicile

Principal Officer

SILVER EHIWARIO

Phone

4699529001

Tax Period

2021-01-01 to 2021-12-31

ITEXPERIENCE INC, founded in 2019, is a micro nonprofit in the Education sector that reported $200 in total revenue in fiscal year 2021. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $392 exceeded revenue, resulting in a 96% operating deficit.

Mission

Provide a platform where anyone interested in a career in the Technology/IT industry could gain experience that will help position them to land their dream job or start their own business.

Program Service Accomplishments

Program 1

Expenses: $392

1. Organized over 20 learning and career event In collaboration with grow with Google, and other industry professionals and experts. 2. Significant growth in ITExperience members community in 2021...

1. Organized over 20 learning and career event In collaboration with grow with Google, and other industry professionals and experts. 2. Significant growth in ITExperience members community in 2021. ITExperience now have over 2000 members. 3. Onboardwd 200 scholarship recipients to our ITExperience Google Career Certificate Scholarship program in 2021.

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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 (2021)

Revenue Breakdown

Contributions & Grants $200

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $392

Other Expenses $392

TOTAL EXPENSES $392

Year-over-Year Comparison

	2021	2020	Change
Revenue	$200	$609	-0.7%
Expenses	$392	$60	+5.5%
Net Income	$-192	$549	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SILVER EHIWARIO	DIRECTOR	20.00	Officer Director	$0	$0	$0
MICHAEL EHIWARIO	DIRECTOR	15.00	Officer Director	$0	$0	$0
TOLU OKUSANYA	Director	5.000	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
2021	$200	$392	No data	$-192