Academy of Applied Science Inc (EIN 042314685) - Form 990 Financial Analysis & Trantor Score

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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

1963

Legal Domicile

Principal Officer

Irene OMara

Tax Period

2020-07-01 to 2021-06-30

Academy of Applied Science Inc, founded in 1963, is a small nonprofit that reported $112K in total revenue in fiscal year 2020. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $430K exceeded revenue, resulting in a 284% operating deficit.

Mission

Encourage youth interest in science, mathematics, engineering, technology, and invention.

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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 (2020)

Revenue Breakdown

Contributions & Grants $104,060

Program Service Revenue $0

Investment Income $7,978

Other Revenue $0

TOTAL REVENUE $112,038

Expense Breakdown

Grants Paid $270,400

Salaries & Benefits $97,778

Fundraising Expenses $0

Program Expenses $312,979

Other Expenses $61,821

TOTAL EXPENSES $429,999

Year-over-Year Comparison

	2020	2019	Change
Revenue	$112,038	$293,359	-0.6%
Expenses	$429,999	$303,741	+0.4%
Net Income	$-317,961	$-10,382	+29.6%

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
Toby Kusmer	Board Member	0.50	Officer	$0	$0	$0
Subhash Minocha	Board Member	0.50	Officer	$0	$0	$0
Michael Morris	Board Member	0.50	Officer	$0	$0	$0
James Milliken	Vice President	0.50	Officer	$0	$0	$0
Joanne Hayes-Rines	President	0.50	Officer	$0	$0	$0
Sheldon Apsell	Chairman	2.00	Officer	$0	$0	$0
Irene OMara	Treasurer	0.50	Officer	$0	$0	$0
Robert DiMatteo	Board Member	0.50	Officer	$0	$0	$0
Anthony Parkinson	Board Member	0.50	Officer	$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	$112,038	$429,999	$56,611	$-317,961
2020	$293,359	$303,741	$459,691	$-10,382
2018	$4,282,039	$4,455,327	$1,161,051	$-173,288

Academy of Applied Science Inc