SCITECH ACADEMY

EIN: 821439724 501(c)(3) Education

Richfield, MN

Total Revenue
$5,336,068
Total Expenses
$5,740,397
Total Assets
$4,479,773
Net Assets
$14,904
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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
MN
Principal Officer
Abdisallam Abdulle
Phone
6128002036
Tax Period
2022-07-01 to 2023-06-30

SCITECH ACADEMY, founded in 2016, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2022.

Mission

SciTech Academy will deliver all-inclusive Science, Technology, Engineering, and Mathematics (STEM) curriculum to engage, empower and educate inner city students including immigrant children to better prepare future American generations. SciTech Academy will prepare students for competitive global economy through STEM, so Students can achieve successful academic goals. SciTech Academy will provide all students with the opportunity to attain successful careers and fulfilling lives by preparing them for high school, college and careers in an ever changing, highly competitive, global community and by developing their sense of social responsibility to support and serve others.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $5,336,068
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,336,068

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,702,946
Fundraising Expenses $0
Program Expenses $5,012,419
Other Expenses $3,037,451
TOTAL EXPENSES $5,740,397

Year-over-Year Comparison

2022 2021 Change
Revenue $5,336,068 $5,202,157 +0.0%
Expenses $5,740,397 $5,421,029 +0.1%
Net Income $-404,329 $-218,872 +0.8%
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

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Governance

Voting Members
5
Independent Members
3
Employees
103
Volunteers
10

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
4
$166,344
Total Directors
5
$101,411
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Abdi Abdulle Ex-Officio 40
Officer
$145,202 $21,142 $166,344
Ibrahim Mohamed Member 40
Director
$48,948 $8,839 $57,787
Ubah Mohamud Member 40
Director
$37,314 $6,310 $43,624
Abdirizak Warfa Chair 1
Officer Director
$0 $0 $0
Mohamed Mohamoud Treasurer 1
Officer Director
$0 $0 $0
Farhiya Farax Secretary 1
Officer 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 $5,336,068 $5,740,397 $4,479,773 $-404,329
2022 $5,202,157 $5,421,029 $3,098,639 $-218,872
2021 $4,789,715 $4,275,999 $2,494,298 $513,716
2020 $3,649,365 $3,630,561 $1,619,702 $18,804
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