INNER BANKS STEM CENTER

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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

Alvin Powell

Phone

2529756700

Tax Period

2023-01-01 to 2023-12-31

INNER BANKS STEM CENTER, founded in 2012, is a small nonprofit in the Crime & Legal sector that reported $209K in total revenue in fiscal year 2023. Revenue surged 105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 39% operating margin.

Mission

The primary goal of the Inner Banks STEM Center is to create a sustainable and innovative Science, Technology, Engineering, and Math (STEM) science enrichment program with a focus on reaching at-risk under-represented 5th-9th grade students to help prepare them for 21st century STEM Careers. Students are recruited for the program, regardless of race, sex, gender, or religion. However, a priority is placed on attracting students who are facing socio-economic/financial challenges (at-risk youth) such as Blacks, minorities, females, and youth from under-represented communities

Program Service Accomplishments

Program 1

Expenses: $6,729 Revenue: $0

Five 18-hour drone mobile Aviation Career Education (ACE) mini-camps were conducted during the summer as part of our community outreach initiative. These camps were conducted in partnership with the Beaufort County Community College (BCCC) Foundation and advertised in the BCCC Spring catalog.

Program 2

Expenses: $9,319 Revenue: $0

Conducted a three-week Renewable Energy Sources Camp with a STEM and career focus with the option for the students to learn to sail via our partnership with the Little Washington Sailing School.

Program 3

Expenses: $8,819 Revenue: $0

Conducted an Aviation summer camp for approximately twenty disadvantaged middle school youth that focused on STEM concepts, life skills, and career opportunities and options.

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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 $198,597

Program Service Revenue $0

Investment Income $0

Other Revenue $10,299

TOTAL REVENUE $208,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,595

Fundraising Expenses $0

Program Expenses $30,040

Other Expenses $103,127

TOTAL EXPENSES $127,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,896	$102,108	+1.0%
Expenses	$127,722	$225,418	-0.4%
Net Income	$81,174	$-123,310	-1.7%

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

$6,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alvin Powell	President	40	Officer	$6,625	$0	$6,625
Evan Lewis	Board Member	15	Director	$0	$0	$0
David Loope	Board Member	5	Director	$0	$0	$0
Watsi Sutton	Board Member	5	Director	$0	$0	$0
Stacy Drakeford	Board Member	5	Director	$0	$0	$0
Priscilla Johnson	Board Member	10	Director	$0	$0	$0
Edna Reid	Board Member	5	Director	$0	$0	$0
Renee Douglas	Board Member	5	Director	$0	$0	$0
Scott Smith	Board Member	5	Director	$0	$0	$0
Larry Carpenter	Board Member	5	Director	$0	$0	$0
Tarek Abdel-Salem	Board Member	5	Director	$0	$0	$0
Matthew Cheeseman	Board Member	5	Director	$0	$0	$0
Carl Person	Board Member	5	Director	$0	$0	$0
Walter Johnson	Board Member	5	Director	$0	$0	$0
Patricia Gardner	Secretary	10	Officer	$0	$0	$0
Gary Robitaille	Treasurer	15	Officer	$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
2024	No data	No data	No data	No data
2023	$208,896	$127,722	$596,504	$81,174
2022	$102,108	$225,418	$511,605	$-123,310
2021	$169,160	$107,757	$609,524	$61,403