MATE INSPIRATION FOR INNOVATION

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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

2017

Legal Domicile

Principal Officer

Jill Zande

Phone

8316463082

Tax Period

2022-10-01 to 2023-09-30

MATE INSPIRATION FOR INNOVATION, founded in 2017, is a small nonprofit that reported $873K in total revenue in fiscal year 2022. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 53% operating deficit.

Mission

MATE INSPIRATION FOR INNOVATION (MATE II) is formed to inspire and challenge students to learn and creatively apply science, technology, art, engineering and math to solving real-world problems in a way that strengthens critical thinking, collaboration, entrepreneurship, and innovation.

Program Service Accomplishments

Program 1

Expenses: $1,242,750 Revenue: $84,767

The MATE II World ROV (remotely operated vehicle or underwater robot) competition challenges students to learn and creatively apply STEM skills to solve real-world problems and strengthen their...

The MATE II World ROV (remotely operated vehicle or underwater robot) competition challenges students to learn and creatively apply STEM skills to solve real-world problems and strengthen their critical thinking, collaboration, entrepreneurship, and innovation. Each spring, more than 6,000 students in grades 4-16 participate in one of 46 regional events around the world(www.materovcompetition.org) and feed into the World Championship which was held in June 2023. The organization also conducts summer camps and teacher workshops to provide training for competition participants. The organization runs an online enterprise, the SeaMATE store which sells educational remotely operated vehicle kits and parts to competition participants and others. The store fulfilled 493 orders from 344 customers.

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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 (2022)

Revenue Breakdown

Contributions & Grants $570,930

Program Service Revenue $84,767

Investment Income $1,478

Other Revenue $216,143

TOTAL REVENUE $873,318

Expense Breakdown

Grants Paid $674,095

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,242,750

Other Expenses $662,758

TOTAL EXPENSES $1,336,853

Year-over-Year Comparison

	2022	2021	Change
Revenue	$873,318	$729,879	+0.2%
Expenses	$1,336,853	$612,190	+1.2%
Net Income	$-463,535	$117,689	-4.9%

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

800

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
Jill Zande	President & ED	40.00	Officer Director	$0	$0	$0
Frederick Stahr	Secretary & CFO	4.00	Officer Director	$0	$0	$0
David Golden	Chairman	9.00	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
2023	$873,318	$1,336,853	$69,643	$-463,535
2022	$729,879	$612,190	$740,177	$117,689
2021	$607,904	$399,763	$538,551	$208,141
2020	$223,995	$302,080	$246,009	$-78,085
2019	$300,642	$193,843	$249,861	$106,799
2018	$207,558	$131,043	$119,799	$76,515