LAUNCHPAD DEVELOPMENT COMPANY (EIN 271813337) - 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

BENJAMIN CARSON

Phone

8778060920

Tax Period

2024-07-01 to 2025-06-30

LAUNCHPAD DEVELOPMENT COMPANY, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $20.8M in total revenue in fiscal year 2024.

Mission

LAUNCHPAD DEVELOPMENT COMPANY IS A SUPPORTING ORGANIZATION OF ROCKETSHIP EDUCATION.

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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 $19,899,035

Investment Income $916,168

Other Revenue $26,678

TOTAL REVENUE $20,841,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,910,538

Other Expenses $22,236,813

TOTAL EXPENSES $22,236,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,841,881	$20,978,225	0.0%
Expenses	$22,236,813	$20,948,509	+0.1%
Net Income	$-1,394,932	$29,716	-47.9%

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

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

$288,443

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN CARSON	EXECUTIVE DIRECTOR	5.00	Officer	$0	$15,159	$288,443
TADD MILLER	PRESIDENT	0.50	Officer Director	$0	$0	$0
LAURA KOZEL	DIRECTOR	0.50	Director	$0	$0	$0
DERWIN SISNETT	DIRECTOR	0.50	Director	$0	$0	$0
ABRAHAM LEE	DIRECTOR	0.50	Director	$0	$0	$0
MARCUS GOODWIN	DIRECTOR	0.50	Director	$0	$0	$0
CHARMAINE DETWEILER	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY WINAKER	DIRECTOR	0.50	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	$20,841,881	$22,236,813	$258,633,848	$-1,394,932
2024	No data	No data	No data	No data
2023	$25,920,179	$18,596,420	$268,472,972	$7,323,759
2022	$19,660,045	$24,866,907	$179,580,617	$-5,206,862
2021	$19,513,288	$22,032,722	$184,902,715	$-2,519,434
2020	$16,859,229	$19,500,027	$158,767,739	$-2,640,798
2019	$18,158,774	$20,892,822	$160,138,338	$-2,734,048
2018	$18,589,442	$19,121,969	$131,780,984	$-532,527

LAUNCHPAD DEVELOPMENT COMPANY