MathPath (EIN 201290489) - 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

2004

Legal Domicile

Principal Officer

Sam Vandervelde

Phone

9894024756

Tax Period

2024-11-01 to 2025-10-31

MathPath, founded in 2004, is a small nonprofit in the Education sector that reported $892K in total revenue in fiscal year 2024. Expenses of $788K left a modest 12% surplus.

Mission

The organization's mission is to inspire and advance the most mathematically gifted middle school students in the U.S., Canada, and the world through an annual summer camp that is affordable for all qualified students.

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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 $95,431

Program Service Revenue $701,590

Investment Income $93,691

Other Revenue $982

TOTAL REVENUE $891,694

Expense Breakdown

Grants Paid $58,523

Salaries & Benefits $276,195

Fundraising Expenses $0

Program Expenses $748,007

Other Expenses $453,417

TOTAL EXPENSES $788,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$891,694	$886,494	+0.0%
Expenses	$788,135	$769,750	+0.0%
Net Income	$103,559	$116,744	-0.1%

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

$18,742

Total Directors

$3,075

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lara Pudwell	Executive Dir.	15.00	Officer	$15,667	$0	$15,667
Sam Vandervelde	President	2.00	Officer Director	$3,075	$0	$3,075
Silva Chang	Director	1.00	Director	$0	$0	$0
Elijah Kempton	Secretary	1.00	Officer Director	$0	$0	$0
Victoria Chang	Director	1.00	Director	$0	$0	$0
John Howe	Treasurer	2.00	Officer 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	$891,694	$788,135	$3,648,687	$103,559
2024	$886,494	$769,750	$3,314,062	$116,744
2023	$1,066,244	$757,083	$2,783,622	$309,161
2022	$1,231,974	$616,383	$2,598,570	$615,591
2021	$529,351	$300,195	$2,242,131	$229,156
2020	$615,569	$200,501	$1,765,632	$415,068
2019	$631,385	$434,512	$1,278,368	$196,873
2018	$810,252	$506,246	$1,028,472	$304,006

MathPath