ROCKET INNOVATIONS CORP (EIN 205015970) - 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

2006

Legal Domicile

Principal Officer

NORMAN RAPINO

Phone

4195306165

Tax Period

2024-07-01 to 2025-06-30

ROCKET INNOVATIONS CORP, founded in 2006, is a micro nonprofit in the Public & Societal Benefit sector that reported $6K in total revenue in fiscal year 2024. Revenue surged 113% from the prior year, signaling strong growth momentum. Expenses of $89K exceeded revenue, resulting in a 1441% operating deficit.

Mission

TO IDENTIFY, FACILITATE, STIMULATE AND SUPPORT COMMERCIAL ACTIVITY THAT IS ALIGNED WITH THE UNIVERSITY'S VISION AND MISSION AND THE COMMUNITY'S INTERESTS.

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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 $0

Program Service Revenue $2,216

Investment Income $823

Other Revenue $2,736

TOTAL REVENUE $5,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,767

Fundraising Expenses $0

Program Expenses $3,677

Other Expenses $56,199

TOTAL EXPENSES $88,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,775	$2,716	+1.1%
Expenses	$88,966	$110,813	-0.2%
Net Income	$-83,191	$-108,097	-0.2%

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

N/A

Volunteers

N/A

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

$162,186

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORMAN RAPINO	EXECUTIVE DIRECTOR	1.00	Director	$24,646	$8,121	$162,186
ANNE BALAZS	CHAIRMAN OF THE BOARD	0.00	Director	$0	$0	$0
FRANK CALZONETTI	VICE PRES OF RESEARCH	0.00	Director	$0	$0	$0
WILLIAM MCCREARY	VICE PRES , CIO & CTO	0.00	Director	$0	$0	$0
MARNA RAMNATH	DIRECTOR	0.00	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	$5,775	$88,966	$2,181,947	$-83,191
2024	$2,716	$110,813	$2,230,921	$-108,097
2023	$16,029	$257,870	$2,319,652	$-241,841
2022	$109,721	$171,908	$2,930,652	$-62,187
2021	$227,668	$119,899	$2,903,696	$107,769

ROCKET INNOVATIONS CORP