Institute for Applied Tinkering (EIN 264299346) - 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

2009

Legal Domicile

Principal Officer

Dr Sean Hamer

Phone

4157018700

Tax Period

2023-09-01 to 2024-08-31

Institute for Applied Tinkering, founded in 2009, is a community nonprofit in the Youth Development sector that reported $6.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Institute for Applied Tinkering IAT develops, practices and shares educational methods that challenge and support all children to engage deeply in their learning via real interests and real tools.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,071,902

Program Service Revenue $5,234,355

Investment Income $29,101

Other Revenue $1,275

TOTAL REVENUE $6,336,633

Expense Breakdown

Grants Paid $1,277,589

Salaries & Benefits $3,466,001

Fundraising Expenses $58,501

Program Expenses $5,732,223

Other Expenses $1,839,083

TOTAL EXPENSES $6,582,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,336,633	$5,538,531	+0.1%
Expenses	$6,582,673	$6,077,304	+0.1%
Net Income	$-246,040	$-538,773	-0.5%

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

$432,109

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mackenzie Price	Head of School	40.00		$153,579	$25,259	$178,838
Anthony Consilio	Asst.HeadofSchool	40.00		$145,937	$21,865	$167,802
Gever Tully Founder	Director	40.00	Officer	$118,207	$32,182	$150,389
Michlene Cotter Norwood	HS Collaborator	40.00		$107,472	$17,860	$125,332
Adrian Skaj Fin Manager	Controller	32.00	Officer	$89,112	$30,747	$119,859
Phillip Fillastre	BW Collaborator	40.00		$100,902	$15,225	$116,127
Karen Soriano-Bilal	BW Collaborator	40.00		$105,494	$4,243	$109,737
Maria Favata Business Mgr	Controller	32.00	Officer	$104,882	$3,948	$108,830
Qi Diaz	Executive Dir.	40.00	Officer	$47,908	$5,123	$53,031
Laura Skelton Director	Chairman	3.00	Officer Director	$0	$0	$0
Drew Harry Director	Treasurer	3.00	Officer Director	$0	$0	$0
Elijah Selby Director	Secretary	3.00	Officer Director	$0	$0	$0
Monique Brinson	Director	3.00	Director	$0	$0	$0
Debolina Dutta	Director	3.00	Director	$0	$0	$0
Elizabeth Rubenstein	Director	3.00	Director	$0	$0	$0
Russ Simmons	Director	3.00	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
2024	$6,336,633	$6,582,673	$8,901,224	$-246,040
2023	$5,538,531	$6,077,304	$10,387,754	$-538,773
2022	$5,874,709	$4,416,230	$3,620,891	$1,458,479
2021	$3,939,681	$3,911,534	$2,134,364	$28,147
2021	$3,838,130	$3,882,283	$2,128,364	$-44,153
2020	$3,511,644	$3,623,364	$1,270,069	$-111,720
2019	$3,630,111	$4,431,575	$546,059	$-801,464
2018	$3,161,095	$3,757,180	$1,361,672	$-596,085

Institute for Applied Tinkering