FOR INSPIRATION RECOGNITION OF SCIENCE AND TECHNOLOGY SOUTH CAROLINA (EIN 453625180) - 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

2012

Legal Domicile

Principal Officer

FAITH BONDIORNO

Phone

8438341721

Tax Period

2023-07-01 to 2024-06-30

FOR INSPIRATION RECOGNITION OF SCIENCE AND TECHNOLOGY SOUTH CAROLINA, founded in 2012, is a small nonprofit in the Youth Development sector that reported $502K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO INSPIRE THE NEXT GENERATION OF STEM LEADERS IN SOUTH CAROLINA BY PROVIDING ACCESS TO THE FIRST PROGRESSION OF PROGRAMS, FROM FIRST LEGO LEAGUE TO THE FIRST ROBOTICS COMPETITION, RANGING FROM AGES 4 TO 18 YEARS OLD. WE ORGANIZE COMPETITIVE EVENTS IN ALL THREE FIRST PROGRAMS AS WELL AS NON-COMPETITIVE, SHOWCASE, TRAINING, WORKSHOPS AND INFORMATIVE EVENTS.

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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 $448,941

Program Service Revenue $51,363

Investment Income $0

Other Revenue $2,080

TOTAL REVENUE $502,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $393,346

Other Expenses $540,377

TOTAL EXPENSES $540,377

Year-over-Year Comparison

	2023	2022	Change
Revenue	$502,384	$461,967	+0.1%
Expenses	$540,377	$509,630	+0.1%
Net Income	$-37,993	$-47,663	-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

1957

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRISH HAYNER	PRESIDENT	5.00	Officer Director	$0	$0	$0
FAITH BONGIORNO	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DARBY HUDNALL	SECRETARY	5.00	Officer Director	$0	$0	$0
HENRY BONGIORNO	TREASURER	5.00	Officer Director	$0	$0	$0
CHARLES ANGEL	ADVISOR FOR LEGISLATURE	5.00	Director	$0	$0	$0
KARL KRULL	MEMBER AT LARGE	5.00	Director	$0	$0	$0
KAREN COOKE	COMMUNITY LIAISON	5.00	Director	$0	$0	$0
MATT STEWART	ALUMNI LIAISON	5.00	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
2025	No data	No data	No data	No data
2024	$502,384	$540,377	$223,387	$-37,993
2023	$461,967	$509,630	$261,380	$-47,663
2023	$461,967	$509,630	$261,380	$-47,663
2022	$373,404	$245,794	$309,043	$127,610

FOR INSPIRATION RECOGNITION OF SCIENCE AND TECHNOLOGY SOUTH CAROLINA