CODE FOR LIFE USA 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

2023

Legal Domicile

Principal Officer

CHRISTOPHER TROY

Phone

2128890575

Tax Period

2023-07-01 to 2024-06-30

CODE FOR LIFE USA INC, founded in 2023, is a small nonprofit in the Education sector that reported $369K in total revenue in fiscal year 2023. Revenue surged 871% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 32% operating margin.

Mission

CODE FOR LIFE USA, INC.'S MISSION IS TO EQUIP YOUTH AND YOUNG ADULTS IN UNDER-SERVED AND HIGH POVERTY COMMUNITIES, WITH PRACTICAL LIFE SKILLS AND TECHNOLOGICAL PROFICIENCY THEY NEED TO THRIVE IN THE NEW DIGITALLY-DRIVEN ECONOMY. BY CREATING A NEIGHBORHOOD-FOCUSED TECHNOLOGY PROGRAM THAT UNITES EDUCATIONAL INSTITUTIONS, INDUSTRY LEADERS, THE TECH COMMUNITY, LOCAL CHURCHES, AND COMMUNITY ORGANIZATIONS, THE ORGANIZATION SEEKS TO TRANSFORM THE WAY YOUNG PEOPLE SEE THEMSELVES AND THEIR FUTURES. THROUGH ITS THEORY AND METHODOLOGY OF CHANGE, THE ORGANIZATION AIMS TO HELP YOUNG PEOPLE BECOME CREATORS AND MAKERS OF TECHNOLOGY, AND TO CREATE A PIPELINE OF YOUNG CODERS AND AN ONRAMP FOR YOUNG PEOPLE TO THRIVE TO THE NEW TECHNOLOGY COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $188,119 Revenue: $0

THE ORGANIZATION'S ACTIVITIES INCLUDE FACILITATING THE CREATOR & MAKER TRAINING, COMPRISED OF COURSES INCLUDING: WEB BASICS, SOFTWARE DEVELOPMENT, AND ADVANCED JS. IN THE COURSES, YOUNG PEOPLE LEARN HOW TO CODE IN VARIOUS COMPUTER PROGRAMMING LANGUAGES, INCLUDING BUT NOT LIMITED TO: HTML, CSS, JAVASCRIPT, REACT, NODE.JS, PHYTHON, MONGODB, AND C. THE PROGRAM CURRICULUM ALSO INCLUDES AGILE METHODS (I.E., COLLABORATION, IDEA DEVELOPMENT, AND GIVING & RECEIVING FEEDBACK) TO HELP PARTICIPANTS DEVELOP PERSONALLY THROUGH LIFE COACHING, CASE MANAGEMENT AND VISION CASTING. THE CREATOR & MAKER TRAINING PROGRAM EQUIPS YOUNG PEOPLE WITH WEB, MOBILE AND HARDWARE DEVELOPMENT SKILLS WHILE EXPOSING THEM TO THE CREATIVE PROCESS, COLLABORATION, SOCIAL INNOVATION, AND DESIGN, WHICH CULMINATES IN A CAPSTONE PROJECT THAT ENCAPSULATES THEIR LEARNING. THE ORGANIZATION PARTNERS WITH TECHNOLOGY PROFESSIONALS, THE MATH AND SCIENCE DEPARTMENTS AT HIGHER EDUCATION INSTITUTIONS, AND A LOCAL NETWORK OF SCHOOLS AND CHURCHES TO RECRUIT, TRAIN, HIRE, AND SUPERVISE COLLEGE AND GRADUATE SCHOOL STUDENTS TO SERVE AS INSTRUCTORS TO TEACH THE COURSE CURRICULUM. THE COLLECTIVE IMPACT APPROACH COALESCES A RANGE OF STAKEHOLDERS TO REACH YOUNG PEOPLE IN UNDER-RESOURCED COMMUNITIES. THE ORGANIZATION'S ACTIVITIES ARE CONDUCTED IN SCHOOL, AFTER SCHOOL, AND THROUGHOUT THE SUMMER IN SCHOOLS, CHURCHES, AND COMMUNITY ORGANIZATIONS. THE INITIAL COMMUNITIES SERVED INCLUDE EAST HARLEM AND THE BRONX. THE COMMUNITIES SERVED BY THE ORGANIZATION ARE DIVERSE, FOR EXAMPLE, EAST HARLEM'S POPULATION IS YOUNG, WITH 30 PERCENT UNDER THE AGE OF 18, AND DIVERSE, WITH 24 PERCENT FOREIGN BORN, PERCENT AFRICAN AMERICAN/AFRICAN, PERCENT LATINO WITH 10.7 PERCENT OF MEXICAN DECENT, 7.5 PERCENT ASIAN, AND 15 PERCENT WHITE NON-HISPANIC.

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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 $368,694

Program Service Revenue $0

Investment Income $351

Other Revenue $0

TOTAL REVENUE $369,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,997

Fundraising Expenses $29,706

Program Expenses $188,119

Other Expenses $61,004

TOTAL EXPENSES $250,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$369,045	$38,000	+8.7%
Expenses	$250,001	$24,777	+9.1%
Net Income	$119,044	$13,223	+8.0%

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

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

$45,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD RICKS	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
VANCE LEON	TREASURER & CLERK	5.00	Officer Director	$0	$0	$0
CHRISTOPHER TROY	CEO	5.00	Officer	$45,000	$0	$45,000

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
2025	No data	No data	No data	No data
2024	$369,045	$250,001	$135,421	$119,044