LAUNCHPAD DEVELOPMENT FIVE LLC (EIN 275083413) - 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

MATTHEW SHAW

Phone

8778060920

Tax Period

2022-07-01 to 2023-06-30

LAUNCHPAD DEVELOPMENT FIVE LLC, founded in 2009, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2022. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $542K, a strong 42% operating margin.

Mission

TO CONSTRUCT, HOLD, AND MANAGE THE FACILITY USED IN THE SCHOOL OPERATIONS OF ROCKETSHIP FIVE ELEMENTARY SCHOOL.

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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 $0

Program Service Revenue $697,489

Investment Income $36,852

Other Revenue $562,801

TOTAL REVENUE $1,297,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $754,745

Other Expenses $754,745

TOTAL EXPENSES $754,745

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,297,142	$747,814	+0.7%
Expenses	$754,745	$778,107	0.0%
Net Income	$542,397	$-30,293	-18.9%

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

$312,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN CARSON	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$83,333
MATTHEW SHAW	CFO	4.00	Officer	$0	$2,500	$229,167
TADD MILLER	PRESIDENT	0.50	Officer Director	$0	$0	$0
LAURA KOZEL	SECRETARY	0.50	Officer Director	$0	$0	$0
KEYSHA BAILEY	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFFREY WINAKER	BOARD MEMBER	0.50	Director	$0	$0	$0
DERWIN SISSNETE	BOARD MEMBER	0.50	Director	$0	$0	$0
ABRAHAM LEE	BOARD MEMBER	0.50	Director	$0	$0	$0
MARCUS GOODWIN	BOARD MEMBER	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,297,142	$754,745	$7,932,512	$542,397
2022	$747,814	$778,107	$7,944,175	$-30,293
2021	$746,991	$793,572	$8,071,814	$-46,581
2020	$767,147	$795,202	$8,384,491	$-28,055
2019	$702,628	$246,496	$8,764,800	$456,132
2018	$2,198,589	$262,663	$8,234,424	$1,935,926

LAUNCHPAD DEVELOPMENT FIVE LLC