HIGHER ORBITS FOUNDATION

EIN: 463550618 501(c)(3) Science & Technology

AURORA, CO

Total Revenue
$998,789
Total Expenses
$1,202,045
Total Assets
$723,749
Net Assets
$691,156
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CO
Principal Officer
MICHELLE LUCAS
Phone
7038937827
Tax Period
2023-01-01 to 2023-12-31

HIGHER ORBITS FOUNDATION, founded in 2013, is a small nonprofit in the Science & Technology sector that reported $999K in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 20% operating deficit.

Mission

HIGHER ORBITS IS A NON-PROFIT WITH THE MISSION TO INSPIRE AND ENGAGE HIGH-SCHOOL STUDENTS THROUGH THE USE OF SPACEFLIGHT, IN HANDS-ON, PROJECT BASED LEARNING EXPERIENCES THAT ARE DESIGNED TO PROMOTE SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH (STEAM) AND PREPARE THEM FOR FUTURE ACADEMIC AND CAREER SUCCESS BY BUILDING CONFIDENCE, PERSEVERANCE, TEAMWORK, LEADERSHIP, CRITICAL THINKING, CREATIVITY, AND COMMUNICATION SKILLS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $159,000
Program Service Revenue $839,023
Investment Income $766
Other Revenue $0
TOTAL REVENUE $998,789

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $24,892
Program Expenses $1,142,166
Other Expenses $1,202,045
TOTAL EXPENSES $1,202,045

Year-over-Year Comparison

2023 2022 Change
Revenue $998,789 $475,810 +1.1%
Expenses $1,202,045 $605,374 +1.0%
Net Income $-203,256 $-129,564 +0.6%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AUSTIN BRAUN BOARD MEMBER 1.00
Director
$0 $0 $0
JASON ARTNER BOARD MEMBER 1.00
Director
$0 $0 $0
JENNI GINSBURG BOARD MEMBER 1.00
Director
$0 $0 $0
KIM DESPAIN BOARD MEMBER 1.00
Director
$0 $0 $0
MARISSA GONZALEZ BOARD MEMBER 1.00
Director
$0 $0 $0
NATALIE CHRISTIAN BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE STOTT BOARD MEMBER 1.00
Director
$0 $0 $0
PHIL SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD PRUSS BOARD MEMBER 1.00
Director
$0 $0 $0
SEAN WILSON BOARD MEMBER 1.00
Director
$0 $0 $0
JENNI GINSBURG BOARD MEMBER 1.00
Director
$0 $0 $0
VICTORIA MECHTLY BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE LUCAS PRESIDENT 60.00
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 $998,789 $1,202,045 $723,749 $-203,256
2021 $1,658,940 $674,293 $1,099,476 $984,647
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