STEM CODING LAB 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

2017

Legal Domicile

Principal Officer

VIVEKANAND PENNINTI

Phone

4124263523

Tax Period

2023-01-01 to 2023-12-31

STEM CODING LAB INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $751K, a strong 48% operating margin.

Mission

PROVIDES IN-SCHOOL AND AFTER-SCHOOL COMPUTER PROGRAMMING INSTRUCTION TO K-8 STUDENTS IN UNDERSERVED COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $139,508 Revenue: $152,760

AFTER-SCHOOL PROGRAMMING (ASP) PROVIDING K-8 COMPUTER SCIENCE CLASSES TO STUDENTS IN 9 PUBLIC SCHOOLS, 5 CHARTER SCHOOLS, 10 COMMUNITY CENTERS, AND 1 BUS, REACHING OVER 2,000 STUDENTS. DEPENDING UPON THE PROGRAM AND STUDENT GRADE LEVEL, STUDENTS GOT TO: EXPLORE THE SCRATCH CODING LANGUAGE (USED IN CREATING GAMES AND ANIMATIONS); LEARNED HOW TO SET UP A WEBSITE USING THE CODING LANGUAGES HTML AND CSS; LEARNED FOUNDATIONAL CODING CONCEPTS THROUGH BOTH UN-PLUGGED AND PLUGGED (USING COMPUTERS)ACTIVITIES; APP DEVELOPMENT WHERE STUDENTS EXPLORED THE PROCESS OF DEVELOPING AN APP WITH A PARTNER; AN EXPLORATION OF ROBOTICS USING THE FINCH ROBOTS OR LEGO WEDO.

Program 2

Expenses: $261,205

IN-SCHOOL SERVICES (INS) PROVIDING COMPUTER SCIENCE CLASSES TO K-8 STUDENTS IN THE STO-ROX SCHOOL DISTRICT AND THE PITTSBURGH PUBLIC SCHOOL DISTRICT (KING ELEMENTARY) DURING THE SCHOOL DAY. WORKING WITH MATH AND SCIENCE TEACHERS TO INTEGRATE COMPUTER SCIENCE INTO THEIR STUDENTS' REGULAR SCHOOL DAY. IN THE STO-ROX SCHOOL DISTRICT WE PROVIDED SEVENTEEN CLASSES PER WEEK TO STUDENTS IN GRADES 3-6. STUDENTS IN 3RD GRADE EXPLORED COMPUTER PROGRAMMING/CODING USING THE SCRATCH CODING LANGUAGE; 4TH GRADE WORKED ON ROBOTICS USING FINCH ROBOTS; 5TH GRADE FOCUSED ON LEARNING HOW TO SET UP A WEBPAGE USING HTML AND CSS CODING LANGUAGES; 6TH GRADE LEARNED HOW TO DEVELOP AN APP WORKING ON TEAMS TO RESEARCH THE NEED, THE AUDIENCE, AND THE BASICS OF SETTING UP AN APP. DURING THE APP DEVELOPMENT PROCESS, STUDENTS LEARNED HOW TO WORK COLLABORATIVELY AND HOW TO DO ONLINE RESEARCH.

Program 3

Expenses: $139,077

SUMMER PROGRAMMING PROVIDING VARIOUS SUMMER PROGRAM OPPORTUNITIES TO THE PITTSBURGH AREA YOUTH. CS EXPLORERS SUMMER CAMP PROVIDED AN EXPLORATION OF CS FOR STUDENTS IN MIDDLE SCHOOL. STUDENTS EXPLORED SIX DIFFERENT AREAS OF CS SUCH AS AI, CYBERSECURITY, ANIMATION AND GAMING, ADVANCED MANUFACTURING, ROBOTICS, AND BIG DATA. STUDENTS MET WITH AREA PROFESSIONALS WHO WORK IN THE FIELD AND WERE ABLE TO ASK QUESTIONS. THE SUMMER BOOST PROGRAM INTRODUCED STUDENTS IN GRADES 3 AND 4 TO THE WORLD OF ROBOTICS. STUDENTS AND HUMAN SERVICES CENTER CORP IN MON VALLEY EXPLORED CODING WORKING WITH LEGO WEDO ROBOTICS.

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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 $1,415,403

Program Service Revenue $152,760

Investment Income $6,825

Other Revenue $500

TOTAL REVENUE $1,575,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $690,126

Fundraising Expenses $136,382

Program Expenses $539,790

Other Expenses $134,390

TOTAL EXPENSES $824,516

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,575,488	$1,070,009	+0.5%
Expenses	$824,516	$520,746	+0.6%
Net Income	$750,972	$549,263	+0.4%

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

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

$181,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY MINDLIN	EXECUTIVE DI	40.00	Officer	$133,183	$0	$133,183
KATHLEEN CONLOGUE	CFO	32.00	Officer	$47,855	$0	$47,855
RAVINDRA KOKA	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH LLOYD	DIRECTOR	1.00	Director	$0	$0	$0
VIVEKANAND PENNINTI	CHAIRMAN	10.00	Officer Director	$0	$0	$0
HARRY SOOSE	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
2024	No data	No data	No data	No data
2023	$1,575,488	$824,516	$1,609,076	$750,972
2022	$1,070,009	$520,746	$833,584	$549,263
2021	$421,365	$316,346	$258,619	$105,019