CONNECTED DMV

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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

2020

Legal Domicile

Principal Officer

GEORGE D THOMAS

Phone

7703310294

Tax Period

2024-01-01 to 2024-12-31

CONNECTED DMV, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $901K, a strong 54% operating margin.

Mission

CONNECTED DMV'S MISSION IS TO DELIVER REGIONAL INITIATIVES TOGETHER FOR A STRONGER AND MORE EQUITABLE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $553,495 Revenue: $480,000

CONNECTED DMV IS INITIATIVES-BASED AND WORKS WITH REGIONAL ORGANIZATIONS ACROSS WASHINGTON D.C., MARYLAND, AND VIRGINIA - THE DMV - TO DRIVE ONGOING IMPROVEMENTS TO SOCIAL, DIGITAL, AND PHYSICAL...

CONNECTED DMV IS INITIATIVES-BASED AND WORKS WITH REGIONAL ORGANIZATIONS ACROSS WASHINGTON D.C., MARYLAND, AND VIRGINIA - THE DMV - TO DRIVE ONGOING IMPROVEMENTS TO SOCIAL, DIGITAL, AND PHYSICAL INFRASTRUCTURE. WE FOCUS ON INITIATIVES THAT SPAN LOCAL JURISDICTIONS AND REQUIRE PUBLIC-PRIVATE-ACADEMIA-COMMUNITY COLLABORATION TO BEST ACHIEVE THE DUAL OBJECTIVES OF ENDURING ECONOMIC HEALTH AND SOCIAL EQUITY. THREE REGIONAL COLLABORATIONS ARE THE BACKBONE OF OUR STRATEGY: * DMV REGIONAL CONGRESS * REGIONAL ECONOMIC DEVELOMENT STRATEGY * WE ARE GREATER WASHINGTON JOINT FUNDING PROGRAM OFFICE

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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 $853,736

Program Service Revenue $480,000

Investment Income $0

Other Revenue $341,202

TOTAL REVENUE $1,674,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $273,751

Fundraising Expenses $29,927

Program Expenses $553,495

Other Expenses $500,455

TOTAL EXPENSES $774,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,674,938	$6,992,413	-0.8%
Expenses	$774,206	$5,786,846	-0.9%
Net Income	$900,732	$1,205,567	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STUART L SOLOMON	PRESIDENT/CEO- CHAIR	40.00	Officer Director	$0	$0	$0
VICTOR HOSKINS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GERALD J CARLSON	TREASURER	1.00	Officer Director	$0	$0	$0
RADHA MUTHIAH	SECRETARY (THRU 06/24)	1.00	Officer Director	$0	$0	$0
ROSIE ALLEN-HERRING	TRUSTEE	0.50	Director	$0	$0	$0
J TYLER ANTHONY	TRUSTEE	0.50	Director	$0	$0	$0
MARY BRADY	TRUSTEE (THRU 06/24)	1.00	Director	$0	$0	$0
RANDY CLARKE	TRUSTEE	0.50	Director	$0	$0	$0
CAROL THOMPSON COLE	TRUSTEE	0.50	Director	$0	$0	$0
JILL DEGRAFF	TRUSTEE	1.00	Director	$0	$0	$0
TONY LEWIS	TRUSTEE	0.50	Director	$0	$0	$0
KELLY SCHULZ	TRUSTEE	0.50	Director	$0	$0	$0
JENNIFER TAYLOR	TRUSTEE	0.50	Director	$0	$0	$0
HON ANTHONY A WILLIAMS	TRUSTEE	0.50	Director	$0	$0	$0
KARL DARIN	CHIEF OPERATING OFFICER	40.00	Officer	$0	$0	$0
JOHN YESAWICH	VICE PRESIDENT, FEDERAL GOVERNMENT	40.00	Highest	$165,000	$0	$165,000

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	$1,674,938	$774,206	$1,095,064	$900,732
2023	$6,992,413	$5,786,846	$790,877	$1,205,567
2022	$2,516,560	$3,599,312	$626,052	$-1,082,752
2021	$3,306,860	$3,333,723	$517,821	$-26,863
2020	$486,198	$1,561,308	$98,655	$-1,075,110