RESEARCH APPLIED TECHNOLOGY EDUCATION SERVICES INC (EIN 205198628) - 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

2005

Principal Officer

ANDREW N ERNEST

Phone

3152612174

Tax Period

2022-01-01 to 2022-12-31

RESEARCH APPLIED TECHNOLOGY EDUCATION SERVICES INC, founded in 2005, is a community nonprofit in the Science & Technology sector that reported $2.2M in total revenue in fiscal year 2022. Revenue surged 136% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 11% surplus.

Mission

THE PURPOSE OF RATES IS TO PROMOTE AND COORDINATE THE COLLABORATIVE AND COOPERATIVE USE OF TECHNOLOGY BY AND AMONG COLLEGES, HIGH SCHOOLS, PUBLIC SCHOOLS, COMMUNITY SCHOOL DISTRICTS, PUBLIC AND SCHOOL LIBRARIES, HEALTH CARE FACILITIES, GOVERNMENT OFFICES, BUSINESSES, HEALTH AND EDUCATIONAL PROFESSIONALS, OTHER EDUCATIONAL AND COMMUNITY SERVICE ORGANIZATIONS AND COMMUNITY RESIDENTS BY PROVIDING ADVANCED TELECOMMUNICATIONS FACILITIES AND RELATED SERVICES, TECHNICAL ASSISTANCE AND TRAINING FACILITIES EITHER DIRECTLY OR THROUGH THIRD PARTIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,633,693

Program Service Revenue $536,883

Investment Income $-4,592

Other Revenue $6,381

TOTAL REVENUE $2,172,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,402,963

Fundraising Expenses $0

Program Expenses $1,390,348

Other Expenses $534,945

TOTAL EXPENSES $1,937,908

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,172,365	$920,167	+1.4%
Expenses	$1,937,908	$1,031,530	+0.9%
Net Income	$234,457	$-111,363	-3.1%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BONNER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
STEPHANIE DEFINO	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW N ERNEST	PRESIDENT &	40.00	Officer Director	$0	$0	$0
JEFFREY LAPE	TRUSTEE	1.00	Officer Director	$0	$0	$0
HOLLIS RUTLEDGE	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM KIRKEY	CHIEF RESEAR	40.00	Officer	$0	$0	$0
JODI LEES	CFO (TX)	40.00	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
2022	$2,172,365	$1,937,908	$1,172,523	$234,457
2021	$920,167	$1,031,530	$614,658	$-111,363
2020	$762,042	$970,226	$607,153	$-208,184
2019	$1,065,459	$1,152,583	$1,273,858	$-87,124
2018	$22,358	$451,159	$1,340,713	$-428,801

RESEARCH APPLIED TECHNOLOGY EDUCATION SERVICES INC