STREETCODE ACADEMY (EIN 814041822) - Form 990 Financial Analysis & Trantor Score

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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

2016

Legal Domicile

Principal Officer

Olatunde Sobomehin

Phone

6504851413

Tax Period

2023-10-01 to 2024-09-30

STREETCODE ACADEMY, founded in 2016, is a community nonprofit in the Youth Development sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 18% operating deficit.

Mission

OUR MISSION IS TO EQUIP A GENERATION OF UNDER-REPRESENTED LEADERS WITH THE SKILLS TO HACK, HUSTLE, AND DESIGN THE FUTURE.

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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 $2,408,757

Program Service Revenue $0

Investment Income $5,212

Other Revenue $0

TOTAL REVENUE $2,413,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,747,160

Fundraising Expenses $362,570

Program Expenses $2,049,342

Other Expenses $1,112,443

TOTAL EXPENSES $2,859,603

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,413,969	$3,235,794	-0.3%
Expenses	$2,859,603	$3,410,600	-0.2%
Net Income	$-445,634	$-174,806	+1.5%

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

$185,151

Total Directors

$185,151

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Olatunde Sobomehin	BOARD	40.00	Officer Director	$151,587	$33,564	$185,151
DAPHNE LAROSE -MOLAPO	BOARD	2.00	Director	$0	$0	$0
OKey Onyejekwe	President	2.00	Officer Director	$0	$0	$0
Tea Lempiala	Vice President	2.00	Officer Director	$0	$0	$0
Jason Mayden	Board	2.00	Director	$0	$0	$0
Sean Mendy	Treasurer	2.00	Officer Director	$0	$0	$0
Justin Phipps	Secretary	2.00	Officer Director	$0	$0	$0
MARIA TELLERIA	BOARD	2.00	Director	$0	$0	$0
JESICCA SALINAS	BOARD	2.00	Director	$0	$0	$0
VICKI WILKERSON	BOARD	2.00	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
2024	$2,413,969	$2,859,603	$654,461	$-445,634
2024	$2,413,969	$2,859,603	$654,461	$-445,634
2023	$3,235,794	$3,410,600	$1,148,330	$-174,806
2022	$2,717,077	$3,317,462	$1,546,348	$-600,385
2021	$3,087,702	$2,600,248	$1,919,032	$487,454
2020	$3,391,966	$2,439,862	$1,582,522	$952,104
2018	$1,815,538	$1,501,364	$618,823	$314,174

STREETCODE ACADEMY