SPACETEC PARTNERS 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

1994

Legal Domicile

Phone

3215675193

Tax Period

2024-01-01 to 2024-12-31

SPACETEC PARTNERS INC, founded in 1994, is a community nonprofit in the Science & Technology sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $476K, a strong 33% operating margin.

Mission

CREATE AND IMPLEMENT WORKFORCE STANDARDS FOR TRAINING, EDUCATION, AND PERFORMANCE FOR THE AVIATION, AEROSPACE, AND ADVANCED MANUFACTURING INDUSTRIES. PROVIDE FACILITIES FOR THESE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $799,321 Revenue: $1,439,425

WORKS THROUGH INDUSTRY AND EDUCATIONAL PARTNERSHIPS TO PROVIDE VALID, RELEVANT, ERROR-FREE PERFORMANCE BASED CERTIFICATIONS FOR AMERICAS TECHNICAL WORKFORCE. TOTAL EXAMS:2672, CERTIFICATIONS...

WORKS THROUGH INDUSTRY AND EDUCATIONAL PARTNERSHIPS TO PROVIDE VALID, RELEVANT, ERROR-FREE PERFORMANCE BASED CERTIFICATIONS FOR AMERICAS TECHNICAL WORKFORCE. TOTAL EXAMS:2672, CERTIFICATIONS GRANTED:2161

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,124,165

Program Service Revenue $315,260

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,439,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,632

Fundraising Expenses $0

Program Expenses $799,321

Other Expenses $674,431

TOTAL EXPENSES $963,063

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,439,425	$781,222	+0.8%
Expenses	$963,063	$579,189	+0.7%
Net Income	$476,362	$202,033	+1.4%

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

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

Total Directors

$108,297

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE KANE	EXECUTIVE DIRECTOR	40.00	Director	$108,297	$0	$108,297
ADRIAN LAFITTE	PRESIDENT	0.00	Officer	$0	$0	$0
GEORGE HAUER	VICE PRESIDENT	0.00	Officer	$0	$0	$0
PATRICIA STRATTON	SECRETARY	0.00	Officer	$0	$0	$0
JERRY SPRUILL	DIRECTOR	0.00	Officer	$0	$0	$0
RICHARD JOLLY	DIRECTOR	0.00	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	$1,439,425	$963,063	$1,165,080	$476,362
2023	$781,222	$579,189	$689,401	$202,033
2022	$379,060	$400,182	$483,779	$-21,122
2021	$550,626	$355,045	$504,901	$195,581
2020	$266,855	$212,667	$309,320	$54,188
2019	$246,050	$157,080	$255,757	$88,970
2018	$189,077	$275,513	$166,162	$-86,436