STEAM Academy

EIN: 832162621 501(c)(3)

Inver Grove Heights, MN

Total Revenue
$1,628,347
Total Expenses
$1,461,531
Total Assets
$700,014
Net Assets
$80,925
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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
MN
Principal Officer
Sarah Chebli
Phone
6512368280
Tax Period
2024-07-01 to 2025-06-30

STEAM Academy, founded in 2018, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 10% surplus.

Mission

STEAM Academy embraces a multidisciplinary curriculum with an emphasis on Science, Technology, Engineering, Arts, and Mathematics (STEAM) to provide a learning-for-understanding environment which values personaland community accountability, creativity, diversity, critical thinking, and multiculturalism. We believe that schools can prepare their students for greater understanding of profound issues through collaboration, critical thinking and problem solving. We believe this is possible when learning is done with purpose.

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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 $1,628,304
Program Service Revenue $0
Investment Income $0
Other Revenue $43
TOTAL REVENUE $1,628,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $408,583
Fundraising Expenses $0
Program Expenses $1,206,265
Other Expenses $1,052,948
TOTAL EXPENSES $1,461,531

Year-over-Year Comparison

2024 2023 Change
Revenue $1,628,347 $1,233,846 +0.3%
Expenses $1,461,531 $1,388,609 +0.1%
Net Income $166,816 $-154,763 -2.1%
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
4
Employees
12
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
4
$0
Total Directors
6
$53,978
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sarah Chebli Chair 2.00
Officer Director
$0 $0 $0
Hamada Aboubakr Vice Chair 1.00
Officer Director
$0 $0 $0
Mahdi Nur Treasurer 1.00
Officer Director
$0 $0 $0
Santa Fe Patawaran Member/Teacher 40.00
Director
$13,183 $8,778 $21,961
Amir Mohammed Member/Parent 1.00
Director
$0 $0 $0
Abdallah Mohammed Resigned 582025 Member/Teacher 40.00
Director
$32,017 $0 $32,017
Magdy Rabeaa Executive Director 40.00
Officer
$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 $1,628,347 $1,461,531 $700,014 $166,816
2024 $1,233,846 $1,388,609 $780,394 $-154,763
2023 $1,356,101 $1,582,402 $624,612 $-226,301
2022 $1,283,179 $990,444 $345,166 $292,735
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