NATIONAL MATH & SCIENCE INITIATIVE… - Form 990 Financial Data

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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

2006

Legal Domicile

Phone

2143461240

Tax Period

2024-01-01 to 2024-12-31

NATIONAL MATH & SCIENCE INITIATIVE INC, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $13.3M in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $16.8M exceeded revenue, resulting in a 26% operating deficit.

Mission

NMSI'S MISSION IS TO ADVANCE STEM EDUCATION TO ENSURE ALL STUDENTS, ESPECIALLY THOSE FURTHEST FROM OPPORTUNITY, THRIVE AND REACH THEIR HIGHEST POTENTIAL AS PROBLEM SOLVERS AND LIFELONG LEARNERS WHO PURSUE THEIR PASSIONS AND TACKLE THE WORLD'S TOUGHEST CHALLENGES.

Program Service Accomplishments

Program 1

Expenses: $8,498,394 Revenue: $777,514

THE COLLEGE READINESS PROGRAM IS A COMPREHENSIVE APPROACH THAT INCREASES TEACHER EFFECTIVENESS AND STUDENT ACHIEVEMENT THROUGH TRAINING, TEACHER AND STUDENT SUPPORT, OPEN ENROLLMENT, AND AWARDS. THE PROGRAM DRAMATICALLY INCREASES THE NUMBER OF STUDENTS TAKING AND PASSING AP MATH, SCIENCE, AND ENGLISH EXAMS, AND EXPANDS ACCESS TO TRADITIONALLY UNDER -REPRESENTED STUDENTS.

Program 2

Expenses: $2,551,086 Revenue: $329,010

LAYING THE FOUNDATION IS A THREE-YEAR TEACHER TRAINING PROGRAM FOR TEACHERS OF GRADES 3-12, WHICH GIVES MATH, SCIENCE, AND ENGLISH TEACHERS CONTENT-BASED, PEDAGOGY-DRIVEN, TEACHER-TO-TEACHER...

LAYING THE FOUNDATION IS A THREE-YEAR TEACHER TRAINING PROGRAM FOR TEACHERS OF GRADES 3-12, WHICH GIVES MATH, SCIENCE, AND ENGLISH TEACHERS CONTENT-BASED, PEDAGOGY-DRIVEN, TEACHER-TO-TEACHER TRAINING. THE PROGRAM HELPS EDUCATORS WITH TEACHING STRATEGIES AND CONTENT KNOWLEDGE THAT INCREASE RIGOR IN THE CLASSROOM.

Program 3

Expenses: $561,739 Revenue: $366,733

THE ALIGNED PROGRAM SUPPORTS DISTRICTS. ALLOWING THEM TO IMPLEMENT A COMPREHENSIVE STEM PATHWAY IN GRADES K-12, WHICH INCLUDES CURRICULUM INTEGRATION AND PROFESSIONAL DEVELOPMENT.

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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 $11,526,238

Program Service Revenue $1,474,119

Investment Income $308,635

Other Revenue $0

TOTAL REVENUE $13,308,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,705,949

Fundraising Expenses $1,881,449

Program Expenses $11,808,584

Other Expenses $6,111,701

TOTAL EXPENSES $16,817,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,308,992	$27,819,675	-0.5%
Expenses	$16,817,650	$22,085,612	-0.2%
Net Income	$-3,508,658	$5,734,063	-1.6%

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

220

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

$1,123,429

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR SHIRLEY MALCOM	CHAIR	5.0	Officer Director	$0	$0	$0
MARY ANN RANKIN	VICE CHAIR	4.0	Officer Director	$0	$0	$0
PETE MOONEY	TREASURER	4.0	Officer Director	$0	$0	$0
SUSAN SCLAFANI	SECRETARY	4.0	Officer Director	$0	$0	$0
CARLOS ROMERO	DIRECTOR	2.0	Director	$0	$0	$0
DAVID CHAVEZ	DIRECTOR	2.0	Director	$0	$0	$0
DEVANG SONI	DIRECTOR	2.0	Director	$0	$0	$0
PHIL SPRICK	DIRECTOR	2.0	Director	$0	$0	$0
RON OTTINGER	DIRECTOR	4.0	Director	$0	$0	$0
TOM FINKE	DIRECTOR	2.0	Director	$0	$0	$0
Jeremy Anderson	CEO	40.0	Officer	$407,834	$52,918	$460,752
PAUL DUCHENE	COO	40.0	Officer	$256,179	$25,883	$282,062
STACY MILES	PRESIDENT	40.0	Officer	$331,683	$48,932	$380,615
Ashleigh Thomas	VP of Program Success	40.0	Highest	$180,930	$14,970	$195,900
Lindsey Stringer	VP of Technology Business Operations	40.0	Highest	$207,368	$37,670	$245,038
MICHELLE STIE-BUCKLES	VP of Program Design & Innovation	40.0	Highest	$180,507	$31,113	$211,620
NICHOLE AUSTION	VP of Public Affairs	40.0	Highest	$179,719	$31,787	$211,506
THOMAS LAWSON	VP of Business Development	40.0	Highest	$197,514	$20,951	$218,465

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	$13,308,992	$16,817,650	$25,056,130	$-3,508,658
2023	$27,819,675	$22,085,612	$28,306,279	$5,734,063
2022	$17,502,087	$21,458,846	$22,517,018	$-3,956,759
2021	$26,013,416	$27,175,838	$26,216,573	$-1,162,422
2020	$32,914,864	$36,652,247	$29,245,340	$-3,737,383
2019	$40,627,447	$45,205,706	$31,997,020	$-4,578,259
2018	$35,248,643	$46,107,302	$37,527,930	$-10,858,659

NATIONAL MATH & SCIENCE INITIATIVE INC