STEM PATHS INNOVATION NETWORK

EIN: 474188543 501(c)(3) Education

RENTON, WA

Total Revenue
$1,118,335
Total Expenses
$969,487
Total Assets
$562,958
Net Assets
$545,507
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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
WA
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.

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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 $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

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Governance

Voting Members
7
Independent Members
7
Employees
34
Volunteers
25

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
7
$185,300
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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