IWU ACCELERATOR 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

2022

Legal Domicile

Phone

8559251150

Tax Period

2023-07-01 to 2024-06-30

IWU ACCELERATOR INC, founded in 2022, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE MISSION OF ELEVEN FIFTY ACADEMY IS TO BUILD AN ECOSYSTEM OF TECH TALENT THAT FINANCIALLY BENEFITS THE INDIVIDUAL, THEIR EMPLOYER, AND THEIR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,248,080 Revenue: $1,866,938

TECHNOLOGY COURSES IN CYBER SECURITY AND SOFTWARE DEVELOPMENT OFFERED IN 13-WEEK OR 26-WEEK CLASSES. ONE CYBER AND ONE SOFTWARE COURSE IS OFFERED EVERY 4 TO 6 WEEKS ROTATING BETWEEN FULL TIME AND...

TECHNOLOGY COURSES IN CYBER SECURITY AND SOFTWARE DEVELOPMENT OFFERED IN 13-WEEK OR 26-WEEK CLASSES. ONE CYBER AND ONE SOFTWARE COURSE IS OFFERED EVERY 4 TO 6 WEEKS ROTATING BETWEEN FULL TIME AND PART TIME.

Program 2

Expenses: $235,989 Revenue: $156,123

Ai Workshops, Conferences and Courses to provide fast, relevant Ai information and training, both in-person and virtual, designed to drive both professional and personal development.

Program 3

Expenses: $150,180

Digital Literacy programming where participants learn computer basics, internet basics, email, career search skills and K-12 virtual learning support. The participants receive assistance to ensure...

Digital Literacy programming where participants learn computer basics, internet basics, email, career search skills and K-12 virtual learning support. The participants receive assistance to ensure they have the basic technology fluency, reading ability, and critical thinking capabilities needed to learn software development or cybersecurity principles and skills.

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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 (2023)

Revenue Breakdown

Contributions & Grants $358,725

Program Service Revenue $2,023,061

Investment Income $4,417

Other Revenue $0

TOTAL REVENUE $2,386,203

Expense Breakdown

Grants Paid $702,183

Salaries & Benefits $1,306,830

Fundraising Expenses $0

Program Expenses $2,634,249

Other Expenses $988,281

TOTAL EXPENSES $2,997,294

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,386,203	$1,983,887	+0.2%
Expenses	$2,997,294	$1,283,807	+1.3%
Net Income	$-611,091	$700,080	-1.9%

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

$481,018

Total Directors

$1,168,338

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	EXECUTIVE DIRECTOR	40.0	Officer Director	$86,868	$958	$87,826
N/A	Director	1.0	Officer Director	$0	$66,034	$393,192
N/A	Vice-Chair and Director	1.0	Director	$0	$38,453	$142,573
N/A	Director	1.0	Director	$0	$0	$0
N/A	Board Chair and President	1.0	Director	$0	$6,046	$171,350
N/A	Secretary and Director	1.0	Director	$0	$13,808	$170,546
N/A	Director	1.0	Director	$0	$0	$0
N/A	Treasurer and Director (END 11/24)	1.0	Director	$0	$18,126	$202,851

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
2025	No data	No data	No data	No data
2024	$2,386,203	$2,997,294	$337,966	$-611,091
2023	$1,983,887	$1,283,807	$1,023,749	$700,080