GEAR ALLIANCE INC

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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

Terry Olkin

Phone

7208396587

Tax Period

2023-01-01 to 2023-12-31

GEAR ALLIANCE INC, founded in 2015, is a small nonprofit in the Youth Development sector that reported $361K in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 21% operating margin.

Mission

Our mission is to provide an inclusive environment for teaching and inspiring students through mentor-based science & technology programs that engage students technically through learning curricula and real-world engineering challenges, and socially through teamwork, community service and leadership. The GEAR Alliance is an umbrella organization for a number of FIRST robotics teams in the Longmont, Colorado area. We also run summer camps, after-school activities and run STEM related communities service activities.

Program Service Accomplishments

Program 1

Expenses: $105,642 Revenue: $14,364

Accomplishment: Operation of a donated facility for all in-house robotics teams and educational activities, including the operation of machine shop, classroom spaces, computer lab, common tools...

Accomplishment: Operation of a donated facility for all in-house robotics teams and educational activities, including the operation of machine shop, classroom spaces, computer lab, common tools, storage units and travel trailer. Use of facility donated by Fifth West Investments with GEAR alliance paying NNN expenses and a minimal rent. Revenue from donated facility ($73,542 not included in revenue). revenue from vending sales $2226. Grant from St. Vrain Valley School District ($12,138).

Program 2

Expenses: $158,061 Revenue: $144,403

Accomplishment: Operation of competitive robotics teams for school age children competing in FIRST robotics competitions. The GEAR Alliance supports on high school level team (FRC) (~80 students)...

Accomplishment: Operation of competitive robotics teams for school age children competing in FIRST robotics competitions. The GEAR Alliance supports on high school level team (FRC) (~80 students), one middle/high school level team (FTC) (~15 students) and six elementary level (FLL)teams (~ 40 students). Revenue from dues, collected travel fees, gear sales and team meal fee collections.

Program 3

Expenses: $0 Revenue: $7,990

Accomplishment: Operation of STEM summer camps and drop-in programming for school aged children. Typically camps are a week long, offered to the public and organized and taught by our high school...

Accomplishment: Operation of STEM summer camps and drop-in programming for school aged children. Typically camps are a week long, offered to the public and organized and taught by our high school students.

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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 $246,748

Program Service Revenue $114,256

Investment Income $0

Other Revenue $0

TOTAL REVENUE $361,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,001

Program Expenses $263,703

Other Expenses $285,867

TOTAL EXPENSES $285,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$361,004	$227,900	+0.6%
Expenses	$285,867	$209,138	+0.4%
Net Income	$75,137	$18,762	+3.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Rauschkolb	SVVSD Representative	1	Director	$0	$0	$0
Dawn Hudson	Junior Team Representative	15	Director	$0	$0	$0
Kurt Svendsen	Board Member	1	Director	$0	$0	$0
Tom Wilke	FTC team Representative	10	Director	$0	$0	$0
Terry Olkin	Board President	2	Director	$0	$0	$0
John Rigsby	Board Vice President	2	Director	$0	$0	$0
Teresa Ewing	Board Treasurer	20	Director	$0	$0	$0
Bruce Hoiem	Board Secretary	15	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
2024	No data	No data	No data	No data
2023	$361,004	$285,867	$213,383	$75,137
2022	$227,900	$209,138	$138,246	$18,762
2021	$131,142	$115,206	$119,484	$15,936
2020	$98,857	$112,175	$103,548	$-13,318