ISPACE INC

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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

2001

Legal Domicile

Principal Officer

SUE HARE

Phone

5135540425

Tax Period

2023-09-01 to 2024-08-31

ISPACE INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $761K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

ISPACE IS A REGIONAL "LEARNING THROUGH DOING ORGANIZATION SERVING GREATER CINCINNATI AND THE TRI-STATE REGION. WE OFFER AN ARRAY OF EDUCATIONAL PROGRAMS DESIGNED TO PROVIDE STUDENTS, EDUCATORS, AND FAMILIES WITH UNIQUE AND HIGHLY ENERGIZED STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS) PROGRAMS THAT ACCOMMODATE ALL AGES AND A WIDE RANGE OF LEARNING STYLES.

Program Service Accomplishments

Program 1

Expenses: $196,500 Revenue: $153,793

SUMMER CAMPS: A WIDE VARIETY OF WEEK-LONG CAMPS FOR CHILDREN IN GRADES K THROUGH 12, PROVIDING FUN, HANDS-ON STEM LEARNING EXPERIENCES IN A PROFESSIONALLY-STAFFED ENVIROMENT, ALL WELL BEYOND THE...

SUMMER CAMPS: A WIDE VARIETY OF WEEK-LONG CAMPS FOR CHILDREN IN GRADES K THROUGH 12, PROVIDING FUN, HANDS-ON STEM LEARNING EXPERIENCES IN A PROFESSIONALLY-STAFFED ENVIROMENT, ALL WELL BEYOND THE CLASSROOM. CAMPS INVOLVE TECHNOLOGY, ROBOTICS, ENGINEERING, ENVIRONMENTAL SCIENCE, CHEMISTRY, EARTH/SPACE SCIENCES, PHYSICS, AND MORE.

Program 2

Expenses: $306,786 Revenue: $240,109

CLASS PROGRAMS: A WIDE VARIETY OF PROGRAMS FOR CHILDREN, YOUTH, ADULTS, FAMILIES, SCOUTS, SCHOOLS, AND CORPORATIONS - HOSTED BY ISPACE OR THROUGH OUTREACH TO SCHOOLS AND COMMUNITIES. THESE ARE...

CLASS PROGRAMS: A WIDE VARIETY OF PROGRAMS FOR CHILDREN, YOUTH, ADULTS, FAMILIES, SCOUTS, SCHOOLS, AND CORPORATIONS - HOSTED BY ISPACE OR THROUGH OUTREACH TO SCHOOLS AND COMMUNITIES. THESE ARE EXCITING, HANDS-ON STEM LEARNING EXPERIENCES DIRECTED BY PROFESSIONAL EDUCATORS. PROGRAMS INCLUDE STEM CONTENT (AND TEACHER TRAINING) COVERING VARIOUS SCIENCE CONCEPTS, IMISSIONS (IMMERSION INTO THE ROLE OF AN ASTRONAUT OR SPACE SCIENTIST), ROBOTICS, AND ROCKETRY. ALL PROGRAMS PROMOTE CRITICAL THINKING, TEAMWORK, AND CREATIVE PROBLEM-SOLVING.

Program 3

Expenses: $76,062 Revenue: $59,531

NEW PROGRAMS: A PROJECT TO ENSURE ISPACE STAYS ON CUTTING EDGE OF STEM. NEW PROGRAM AND CAMP DEVELOPMENT ALONG WITH CURRENT PROGRAM ENHANCEMENTS THAT INCORPORATE BEST PRACTICES AND LATEST RESEARCH IN...

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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 $290,507

Program Service Revenue $447,992

Investment Income $14,988

Other Revenue $7,941

TOTAL REVENUE $761,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $395,434

Fundraising Expenses $137,057

Program Expenses $579,348

Other Expenses $364,529

TOTAL EXPENSES $759,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$761,428	$686,146	+0.1%
Expenses	$759,963	$607,593	+0.3%
Net Income	$1,465	$78,553	-1.0%

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

310

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

$122,050

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK COSIMI	TRUSTEE	2.00	Director	$0	$0	$0
LUANA IORIO	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS LEHMAN	TREASURER	4.00	Officer Director	$0	$0	$0
MATT LEOPARD	TRUSTEE	1.00	Director	$0	$0	$0
EMILY MORGAN	PRESIDENT	8.00	Officer Director	$0	$0	$0
DEB FRELAND	TRUSTEE	1.00	Director	$0	$0	$0
PEPE PALAFOX	TRUSTEE	1.00	Director	$0	$0	$0
ATUL GODBOLE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PARTHENAKIS	TRUSTEE	1.00	Director	$0	$0	$0
BEN SANDLIN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES WHITLOCK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERRY ROTH	TRUSTEE	1.00	Director	$0	$0	$0
SUE HARE	EXECUTIVE DIRECTOR	40.00	Officer	$72,500	$0	$72,500
BETH TAYLOR	DEPUTY DIRECTOR	40.00	Officer	$49,550	$0	$49,550

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	$761,428	$759,963	$1,653,324	$1,465
2023	$686,146	$607,593	$1,429,020	$78,553
2022	$717,205	$562,107	$1,084,764	$155,098
2021	$594,899	$327,007	$1,021,347	$267,892
2020	$498,835	$500,634	$365,760	$-1,799
2019	$723,985	$714,575	$147,465	$9,410