CATAPULT DESIGN

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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

2008

Legal Domicile

Principal Officer

ANGELA HARICHE

Phone

9124999727

Tax Period

2025-01-01 to 2025-12-31

CATAPULT DESIGN, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $626K in total revenue in fiscal year 2025. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 173% operating deficit.

Mission

THE MAJORITY OF OUR WORLD'S POPULATION LACKS ACCESS TO LIFE'S BASIC NEEDS. WE DEVELOP AND IMPLEMENT HUMAN-CENTERED PRODUCTS TO HELP THEM THRIVE.

Program Service Accomplishments

Program 1

Expenses: $877,330 Revenue: $571,433

CATAPULT DESIGN SERVICES - CONCEPTUAL DESIGN, ENGINEERING, AND IMPLEMENTATION STRATEGY SERVICES FOR NEW PRODUCTS AND SERVICES FOR MARGINALIZED COMMUNITIES.

Program 2

Expenses: $36,218 Revenue: $20,000

WORKSHOP FACILITATION AND PROTOTYPING FOR ENTREPRENEURS AND COMMUNITIES. SKILLS DEVELOPMENT EVENT CURATION FOR DESIGNERS AND ENTREPRENEURS WHO WANT TO ADDRESS SOCIAL CHALLENGES THROUGH DESIGN AND...

WORKSHOP FACILITATION AND PROTOTYPING FOR ENTREPRENEURS AND COMMUNITIES. SKILLS DEVELOPMENT EVENT CURATION FOR DESIGNERS AND ENTREPRENEURS WHO WANT TO ADDRESS SOCIAL CHALLENGES THROUGH DESIGN AND BUSINESS INNOVATION.

Program 3

Expenses: $12,801

STRATEGY - DEVELOPING STRATEGIC DOCUMENTS FOR ORGANIZATIONS DEVELOPING OR ENABLING MARKET-BASED SOLUTIONS TO POVERTY. STRATEGY WORK IS CONDUCTED USING CATAPULT'S DESIGN PROCESS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $95,100

Program Service Revenue $496,433

Investment Income $34,516

Other Revenue $0

TOTAL REVENUE $626,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $769,052

Fundraising Expenses $0

Program Expenses $926,349

Other Expenses $942,952

TOTAL EXPENSES $1,712,004

Year-over-Year Comparison

	2025	2024	Change
Revenue	$626,049	$2,281,877	-0.7%
Expenses	$1,712,004	$2,030,023	-0.2%
Net Income	$-1,085,955	$251,854	-5.3%

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

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

$265,610

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA HARICHE	CEO	44.90	Officer	$231,653	$33,957	$265,610
RAJIV BHATIA	TREASURER	1.00	Officer Director	$0	$0	$0
LAUREN PETERS	CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT BOYLSTON	SECRETARY	1.00	Officer Director	$0	$0	$0
SHAHEEN KASSIM-LAKHA	DIRECTOR	1.00	Director	$0	$0	$0
MADIHA KOTB	DIRECTOR	1.00	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
2025	$626,049	$1,712,004	$930,866	$-1,085,955
2024	$2,281,877	$2,030,023	$2,016,910	$251,854
2023	$2,042,804	$1,849,210	$2,661,773	$193,594
2022	$2,104,797	$1,598,827	$1,568,454	$505,970
2021	$1,324,433	$855,224	$1,106,042	$469,209
2020	$858,660	$766,733	$633,256	$91,927
2019	$1,008,704	$1,001,503	$489,906	$7,201
2018	$509,621	$1,228,925	$543,346	$-719,304