Foundation for Inspiration & Recognition of Scienc (EIN 272657899) - 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

2010

Legal Domicile

Phone

8175074875

Tax Period

2024-07-01 to 2025-06-30

Foundation for Inspiration & Recognition of Scienc, founded in 2010, is a community nonprofit in the Human Services sector that reported $3.2M in total revenue in fiscal year 2024.

Mission

FIRST in Texas provides life-changing robotics programs that equip young peple across Texas with skills, confidence, and resilience to build a better world.

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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 $2,150,885

Program Service Revenue $1,043,718

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,194,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $773,495

Fundraising Expenses $14,099

Program Expenses $2,991,071

Other Expenses $2,736,919

TOTAL EXPENSES $3,510,414

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,194,603	$3,276,614	0.0%
Expenses	$3,510,414	$3,529,653	0.0%
Net Income	$-315,811	$-253,039	+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

7000

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

$225,000

Total Directors

$135,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Van Gemeren	ChairmanExecutive Director	40.00	Officer Director	$135,000	$0	$135,000
Angela James	Finance Manager	40.00	Officer	$90,000	$0	$90,000
Len Rucinski	Treasurer	40.00	Officer Director	$0	$0	$0
Natasha Wilkerson	Secretary	40.00	Officer Director	$0	$0	$0
Cindy Strong	BOD	1.00	Director	$0	$0	$0
Shawn Preston	BOD	1.00	Director	$0	$0	$0
Steve Schaffer	BOD	1.00	Director	$0	$0	$0
Stefanie Breyer	BOD	1.00	Director	$0	$0	$0
Amy Bates	BOD	1.00	Director	$0	$0	$0
Kazique Prince	BOD	1.00	Director	$0	$0	$0
Jeff Fleece	BOD	1.00	Director	$0	$0	$0
Summer Cannon	Finance Manager	0.00	Key Emp	$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	$3,194,603	$3,510,414	$763,215	$-315,811
2024	$3,276,614	$3,529,653	$885,434	$-253,039
2023	$2,731,821	$2,733,221	$990,859	$-1,400
2019	$2,927,837	$2,450,388	$947,347	$477,449
2018	$2,208,599	$2,296,162	$420,176	$-87,563

Foundation for Inspiration & Recognition of Scienc