STEM PATHS INNOVATION NETWORK

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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

2015

Legal Domicile

Principal Officer

KATHERINE BARR

Phone

2062712872

Tax Period

2023-01-01 to 2023-12-31

STEM PATHS INNOVATION NETWORK, founded in 2015, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $969K left a modest 13% surplus.

Mission

STEM PATHS INNOVATION NETWORK (SPIN) PROVIDES LOW- OR NO-COST STEM PROGRAMMING AND MENTORS TO SCHOLARS OF COLOR AND GIRLS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS AND ART FIELDS IN THE GREATER SEATTLE REGION.

Program Service Accomplishments

Program 1

Expenses: $280,840 Revenue: $116,990

SPIN PARTNERED WITH OTHER NON-PROFITS AND THE CITY OF SEATTLE TO PROVIDE STEM ENRICHMENT CLASSES TO STUDENTS AT LOCAL ELEMENTARY AND MIDDLE SCHOOLS. SPIN PROVIDED SERVICES TO APPROXIMATELY 700...

SPIN PARTNERED WITH OTHER NON-PROFITS AND THE CITY OF SEATTLE TO PROVIDE STEM ENRICHMENT CLASSES TO STUDENTS AT LOCAL ELEMENTARY AND MIDDLE SCHOOLS. SPIN PROVIDED SERVICES TO APPROXIMATELY 700 STUDENTS OF COLOR AND UNDERSERVED STUDENTS.

Program 2

Expenses: $382,442 Revenue: $0

WITH PUBLIC FUNDING THROUGH KING COUNTY, SPIN PROVIDED THE SPIN GIRLS PROGRAM TO BUILD LEADERSHIP SKILLS AND PROVIDE IMMERSIVE STEM EXPERIENCES SPECIFICALLY FOR GIRLS OF COLOR. CLASSES WERE PROVIDED TO 60 6TH, 7TH, 8TH, 9TH and 10TH GRADE GIRLS AND ALSO CONNECTED THEM WITH PROFESSIONALS OF COLOR AS MENTORS. WITH FUNDING FROM THE COLLEGE SUCCESS FOUNDATION, SPIN PROVIDED SPIN FELLOWS TO SUPPORT GIRLS TO SUCCEED IN PURSUING COLLEGE AND CAREER CREDENTIALS IN STEM. SUPPORT WAS PROVIDED TO 20 11TH AND 12TH GRADE GIRLS ACROSS KING COUNTY. WITH PUBLIC FUNDING FROM THE CITY OF SEATTLE, SPIN PROVIDED THE YOUNG ENTREPRENEUR PROJECT TO 18 STUDENTS IN 11TH AND 12TH GRADE AT CLEVELAND HIGH SCHOOL TO INCUBATE ENTREPRENEURSHIP AND SUPPORT STEM SKILL DEVELOPMENT.

Program 3

Expenses: $147,796 Revenue: $0

WITH PUBLIC FUNDING FROM THE CITY OF SEATTLE, SPIN PROVIDED THE YOUNG ENTREPRENUER PROJECT TO 60 11TH AND 12TH GRADE STUDENTS AT CLEVELAND HIGH SCHOOL TO INCUBATE ENTREPRENEURSHIP AND SUPPORT STEM...

WITH PUBLIC FUNDING FROM THE CITY OF SEATTLE, SPIN PROVIDED THE YOUNG ENTREPRENUER PROJECT TO 60 11TH AND 12TH GRADE STUDENTS AT CLEVELAND HIGH SCHOOL TO INCUBATE ENTREPRENEURSHIP AND SUPPORT STEM SKILL DEVELOPMENT.

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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 $1,001,345

Program Service Revenue $116,990

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,118,335

Expense Breakdown

Grants Paid $23,631

Salaries & Benefits $689,491

Fundraising Expenses $53,704

Program Expenses $811,078

Other Expenses $237,837

TOTAL EXPENSES $969,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,118,335	$708,853	+0.6%
Expenses	$969,487	$705,062	+0.4%
Net Income	$148,848	$3,791	+38.3%

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

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

$185,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON MADAMBA	CO-BOARD CHAIRPERSON	5.00	Officer Director	$0	$0	$0
ANGELA TEMPLIN	CO-BOARD CHAIRPERSON	10.00	Officer Director	$0	$0	$0
SHANNON ODA	BOARD MEMBER	5.00	Officer	$0	$0	$0
LILIANA RUIZ DIAZ	SECRETARY	5.00	Officer Director	$0	$0	$0
EDEN GEBRETSADIK	TREASURER	5.00	Officer Director	$0	$0	$0
KAREN TRAN	BOARD MEMBER	5.00	Director	$0	$0	$0
EMILY HIRAO	BOARD MEMBER	5.00	Director	$0	$0	$0
KATHERINE BARR	EXECUTIVE DIRECTOR OF OPERATIONS	40.00	Officer	$87,000	$2,610	$89,610
SHANA BECKWITH	EXECUTIVE DIRECTOR OF EDUCATION	40.00	Officer	$86,777	$8,913	$95,690

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	$1,118,335	$969,487	$562,958	$148,848
2022	$708,853	$705,062	$414,503	$3,791
2021	$555,376	$473,162	$406,558	$82,214
2020	$411,918	$273,610	$342,288	$138,308
2019	$421,333	$324,289	$177,722	$97,044