APPLIED SCIENCE AND TECHNOLOGY RES… - Form 990 Financial Data

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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

Phone

2166336061

Tax Period

2024-01-01 to 2024-12-31

APPLIED SCIENCE AND TECHNOLOGY RESEARCH ORGANIZATION OF AMERICS, founded in 2018, is a community nonprofit in the Science & Technology sector that reported $8.8M in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 31% operating margin.

Mission

THE ORGANIZATION IS A NON-PARTISAN RESEARCH INSTITUTE AND THINK TANK. IT IS DEDICATED TO ADVANCING THE PUBLIC INTEREST THROUGH MANUFACTURING TECHNOLOGY AND POLICY. IT SUPPORTS GOVERNMENT AGENCIES BY CONDUCTING APPLIED RESEARCH AND INNOVATIONS TO ADDRESS THE NATIONS CRITICAL DEFENSE-RELATED PRODUCTION CHALLENGES. THIS IS ACHIEVED THROUGH FEDERALLY SPONSORED CONTRACTING COOPERATIVE RESEARCH AND PARTNERSHIPS

Program Service Accomplishments

Program 1

Expenses: $608,220 Revenue: $500,000

The organization was awarded a contract by the National Science Foundation to lead and develop an NSF Engines Type 2 proposal.

Program 2

Expenses: $550,388 Revenue: $550,000

The organization was awarded a contract by Blue Forge Alliance to assess the feasibility of the development of an additive manufacturing sector including educational programming workforce development...

Program 3

Expenses: $3,161,097 Revenue: $6,052,057

The organization was awarded a $95mil OTA contract vehicle by the US Army Ground Vehicle System Center to support advanced manufacturing prototype and development

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,767,459

Investment Income $16,245

Other Revenue $0

TOTAL REVENUE $8,783,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,912,882

Fundraising Expenses $0

Program Expenses $5,460,383

Other Expenses $3,160,242

TOTAL EXPENSES $6,073,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,783,704	$4,466,579	+1.0%
Expenses	$6,073,124	$3,853,207	+0.6%
Net Income	$2,710,580	$613,372	+3.4%

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

$979,538

Total Directors

$767,769

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brett Lambert	Board Member	1.00	Director	$0	$0	$0
Tracie Potts	Board Member	1.00	Director	$0	$0	$0
Jim Williams	Board Member	1.00	Director	$0	$0	$0
Bridget McGraw	Board Member	1.00	Director	$0	$0	$0
Neal Orringer	President CEO	40.00	Officer Director	$281,000	$0	$281,000
Jason Gorey	Executive Director	40.00	Officer Director	$281,000	$0	$281,000
Michael Maher	CTO	40.00	Officer Director	$205,769	$0	$205,769
Daniel Burke	CFO	40.00	Officer	$211,769	$0	$211,769
Jared Blecher	General Manager	40.00	Highest	$224,000	$0	$224,000
Noah Barnhill	General Manager	40.00	Highest	$172,500	$0	$172,500
Debbie Holton	Senior VP	20.00	Highest	$133,325	$0	$133,325
John Christensen	VP Strategy	20.00	Highest	$131,335	$0	$131,335
Bill Tredway	ASTRO Fellow	20.00	Highest	$112,581	$0	$112,581

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	$8,783,704	$6,073,124	$5,942,107	$2,710,580
2023	$4,466,579	$3,145,988	$2,157,317	$1,320,591
2023	$3,251,733	$3,853,207	$4,219,640	$-601,474
2022	$1,685,646	$1,597,246	$513,072	$88,400
2022	$5,143,273	$1,559,148	$6,718,126	$3,584,125
2021	$928,326	$820,531	$337,923	$107,795
2020	$470,963	$452,984	$210,834	$17,979
2019	$241,381	$129,364	$190,423	$112,017

APPLIED SCIENCE AND TECHNOLOGY RESEARCH ORGANIZATION OF AMERICS