THE ART OF PROBLEM SOLVING INITIATIVE INC

EIN: 201239616 501(c)(3)

NEW YORK, NY

Total Revenue
$11,781,568
Total Expenses
$8,677,594
Total Assets
$19,440,415
Net Assets
$19,044,408
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CA
Principal Officer
DANIEL ZAHAROPOL
Phone
8882642793
Tax Period
2024-06-01 to 2025-05-31

THE ART OF PROBLEM SOLVING INITIATIVE INC, founded in 2004, is a mid-sized nonprofit that reported $11.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 26% operating margin.

Mission

TO CREATE PATHWAYS FOR STUDENTS WHO WOULDN'T OTHERWISE HAVE ACCESS TO STEM OPPORTUNITIES TO BECOME SCIENTISTS, MATHEMATICIANS, ENGINEERS, AND COMPUTER SCIENTISTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,561,252
Program Service Revenue $0
Investment Income $220,211
Other Revenue $105
TOTAL REVENUE $11,781,568

Expense Breakdown

Grants Paid $119,198
Salaries & Benefits $6,154,446
Fundraising Expenses $938,280
Program Expenses $6,467,066
Other Expenses $2,403,950
TOTAL EXPENSES $8,677,594

Year-over-Year Comparison

2024 2023 Change
Revenue $11,781,568 $10,308,727 +0.1%
Expenses $8,677,594 $8,117,369 +0.1%
Net Income $3,103,974 $2,191,358 +0.4%
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

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Governance

Voting Members
13
Independent Members
13
Employees
234
Volunteers
17

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
6
$420,867
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL ZAHAROPOL CHIEF EXECUTIVE OFFICER 40.00
Officer
$237,245 $7,729 $244,974
FELIX FLORES CHIEF GROWTH OFFICER- FMR 40.00
$199,590 $0 $199,590
MELISSA GILLIS CHIEF ADVANCEMENT OFFICER 40.00
Highest
$194,980 $449 $195,429
SAMIR BOLAR CHIEF PROGRAM OFFICER 40.00
Highest
$171,670 $18,339 $190,009
BETANIA TIBURCIO CHIEF OPERATING OFFICER 40.00
Highest
$181,167 $0 $181,167
RICHARD IANDOLI CHIEF FINANCIAL OFFICER 40.00
Officer
$175,893 $0 $175,893
LYNN CARTWRIGHT-PUNNETT SENIOR DIRECTOR, PROGRAM DESIGN 40.00
Highest
$145,133 $0 $145,133
EDRAY GOINS PHD CHAIR 3.00
Officer Director
$0 $0 $0
KEN BARON PHD VICE CHAIR 2.50
Officer Director
$0 $0 $0
DARRYL HILL EDD SECRETARY 1.00
Officer Director
$0 $0 $0
NANAYAA DADSON PHD TREASURER 1.00
Officer Director
$0 $0 $0
LENNIN ANTUNISH DIRECTOR 1.00
Director
$0 $0 $0
JEFF HOFFMAN DIRECTOR 1.00
Director
$0 $0 $0
NIKKI HO-SHING DIRECTOR 1.00
Director
$0 $0 $0
KRISTIN KEARNS-JORDAN DIRECTOR 1.00
Director
$0 $0 $0
KIRAN KEDLAYA PHD DIRECTOR 1.00
Director
$0 $0 $0
PRASHANT LAL DIRECTOR 1.00
Director
$0 $0 $0
SANDOR LEHOCZKY DIRECTOR 1.00
Director
$0 $0 $0
RICHARD RUSCZYK DIRECTOR 1.00
Director
$0 $0 $0
SUSAN WILDSTROM DIRECTOR 1.00
Director
$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
2025 $11,781,568 $8,677,594 $19,440,415 $3,103,974
2024 $10,308,727 $8,117,369 $15,907,337 $2,191,358
2023 $7,630,346 $6,475,584 $13,036,680 $1,154,762
2022 $7,944,885 $4,977,757 $11,649,838 $2,967,128
2021 $7,701,538 $3,737,814 $8,643,636 $3,963,724
2020 $3,525,853 $3,238,899 $4,780,396 $286,954
2019 $3,351,906 $2,584,327 $4,248,959 $767,579
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