ROBONATION 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

1992

Legal Domicile

Principal Officer

DARYL DAVIDSON

Phone

7035170168

Tax Period

2023-01-01 to 2023-12-31

ROBONATION INC, founded in 1992, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2023. Expenses of $4.5M left a modest 9% surplus.

Mission

TO SPONSOR, PROMOTE AND CONDUCT CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES TO INCREASE PUBLIC AWARENESS AND ACCEPTANCE OF ROBOTICS TECHNOLOGY; TO PROMOTE PUBLIC EDUCATION IN THE FIELD OF ROBOTICS TECHNOLOGY THROUGH DISCUSSION GROUPS, FORUMS, PANELS AND OTHER PROGRAMS; AND TO PROVIDE SUPPORT TO ADVANCE THE TRAINING AND EDUCATION OF INDIVIDUALS IN ROBOTICS TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $1,629,036

STUDENT COMPETITIONS: SPONSORED AND SUPPORTED COMPETITIONS IN WHICH TEAMS OF COLLEGE, HIGH SCHOOL, AND MIDDLE SCHOOL STUDENTS FROM VARIOUS COUNTRIES DESIGNED, BUILT AND OPERATED UNMANNED AND REMOTELY OPERATED VEHICLES TO ACHIEVE SPECIFIED PERFORMANCE AND MISSION GOALS. THESE COMPETITIONS FOSTER TECHNICAL INNOVATION IN UNMANNED SYSTEMS AND HELP TO DEVELOP THE FUTURE WORKFORCE FOR THE ROBOTICS INDUSTRY.

Program 2

Expenses: $1,787,660 Revenue: $1,767,153

EDUCATION: CONDUCTED ACTIVITIES TO PROMOTE AWARENESS OF AND INTEREST IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) AMONG STUDENTS IN GRADES K-12, WITH EMPHASIS ON FOSTERING INTEREST IN...

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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 $3,148,865

Program Service Revenue $1,764,277

Investment Income $44,742

Other Revenue $2,876

TOTAL REVENUE $4,960,760

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $1,609,832

Fundraising Expenses $5,227

Program Expenses $3,416,696

Other Expenses $2,884,586

TOTAL EXPENSES $4,514,418

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,960,760	$5,108,090	0.0%
Expenses	$4,514,418	$5,230,500	-0.1%
Net Income	$446,342	$-122,410	-4.6%

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

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

$213,008

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WAICKWICZ	VICE CHAIR	4.50	Officer Director	$0	$0	$0
EUGENE FRASER	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT BROWN	TREASURER	1.70	Officer Director	$0	$0	$0
RAASHI QUATTLEBAUM	SECRETARY	1.00	Officer Director	$0	$0	$0
SUZY YOUNG	BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
KENNETH BERRY	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
STEVE DUBA	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
SARAH DURKIN	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
DR Z JENKINS	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
DARYL DAVIDSON	PRESIDENT AND CEO	40.00	Officer	$176,260	$36,748	$213,008
KYLE WALKER	VP OF ORGANIZATION DEVELOPMENT	40.00	Highest	$130,853	$15,262	$146,115
LINDSEY GROARK	VP OF PROGRAMS	40.00	Highest	$130,519	$23,179	$153,698

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,960,760	$4,514,418	$3,745,559	$446,342
2022	$5,108,090	$5,230,500	$3,269,968	$-122,410
2021	$2,892,651	$3,238,127	$3,648,286	$-345,476
2020	$2,294,961	$2,777,346	$3,123,497	$-482,385
2019	$4,324,370	$4,355,293	$3,382,629	$-30,923
2018	$5,139,091	$4,652,939	$3,449,815	$486,152