FIRST NEW HAMPSHIRE ROBOTICS

EIN: 825435938 501(c)(3) Education

NASHUA, NH

Total Revenue
$388,413
Total Expenses
$533,777
Total Assets
$407,920
Net Assets
$361,818
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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
2018
Legal Domicile
NH
Principal Officer
FRANK GROSSMAN
Phone
6037591509
Tax Period
2024-07-01 to 2025-06-30

FIRST NEW HAMPSHIRE ROBOTICS, founded in 2018, is a small nonprofit in the Education sector that reported $388K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $534K exceeded revenue, resulting in a 37% operating deficit.

Mission

RESPONSIBLE FOR OVERSEEING AND SUPPORTING ALL NEW HAMPSHIRE FIRST TEAMS AND EVENTS. IT IS ON-THE-GROUND, WORKING WITH SCHOOLS, SCHOOL DISTRICTS, BUSINESSES, AND COMMMUNITIES TO ENSURE THAT AS MANY NH STUDENTS AS POSSIBLE BENEFIT FROM THE FIRST EXPERIENCE.

Program Service Accomplishments

Program 1
Expenses: $522,112 Revenue: $21,949

OFFERED A PROGRESSION OF EXCITING, TEAM-BASED ROBOTICS PROGRAMS, ALLOWING KIDS FROM KINDERGARTEN THROUGH 12TH GRADE TO DEVELOP HANDS-ON SKILLS USING INCREASINGLY COMPLEX "STEM" CONCEPTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $366,464
Program Service Revenue $21,899
Investment Income $50
Other Revenue $0
TOTAL REVENUE $388,413

Expense Breakdown

Grants Paid $79,233
Salaries & Benefits $52,498
Fundraising Expenses $0
Program Expenses $522,112
Other Expenses $402,046
TOTAL EXPENSES $533,777

Year-over-Year Comparison

2024 2023 Change
Revenue $388,413 $716,082 -0.5%
Expenses $533,777 $454,075 +0.2%
Net Income $-145,364 $262,007 -1.6%
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
5
Employees
1
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
3
$50,167
Total Directors
5
$50,167
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARI KARWEDSKY PRESIDENT 3.00
Officer Director
$0 $0 $0
KENNETH R ST HILAIRE SECRETARY 40.00
Officer Director
$36,000 $14,167 $50,167
FRANK GROSSMAN TREASURER 1.00
Officer Director
$0 $0 $0
LORI LANGLOIS DIRECTOR 0.50
Director
$0 $0 $0
RICHARD PRESHER DIRECTOR 0.50
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 $388,413 $533,777 $407,920 $-145,364
2024 $716,082 $454,075 $722,182 $262,007
2023 $264,070 $288,474 $245,170 $-24,404
2022 $537,657 $371,405 $269,573 $166,252
2021 $341,682 $246,039 $103,321 $95,643
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