STREAMWORKS INC

EIN: 832552649 501(c)(3) Education

KINGSPORT, TN

Total Revenue
$254,448
Total Expenses
$245,778
Total Assets
$119,748
Net Assets
$118,541
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
TN
Principal Officer
DENNIS M COURTNEY
Phone
4235794083
Tax Period
2023-01-01 to 2023-12-31

STREAMWORKS INC, founded in 2018, is a small nonprofit in the Education sector that reported $254K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $246K left a modest 3% surplus.

Mission

STREAMWORKS IS AN ENGAGING EDUCATIONAL PROGRAM OFFERING ENHANCED OPPORTUNITIES FOR STUDENTS IN GRADES K-12 TO ENGAGE IN MENTORSHIP AND PROJECT-BASED ACTIVITIES THAT EMPHASIZE STEM SKILLS. IT AIMS TO INSPIRE INNOVATION AND NURTURE WELL-ROUNDED LIFE CAPABILITIES. OUR PRIMARY FOCUS INCLUDES A MULTITUDE OF INITIATIVES AND ROBOTICS PROGRAMS, INCLUDING THE ROBOT DRONE LEAGUE (RDL) ALONG WITH THE WORLD'S LARGEST UNDERWATER ROBOTICS COMPETITION FOR HIGH SCHOOL TEAMS. WE PROVIDE PROFESSIONAL DEVELOPMENT, MENTORSHIP AND GUIDANCE, ENABLING STUDENTS TO HONE SKILLS IN TEAM-BUILDING. STREAMWORKS INITIATIVES PROMOTE STUDENT DEVELOPMENT TO HELP CREATE A PIPELINE OF TALENT CAPABILITIES IN STEM RELATED CAREERS, I.E. CAD, COMPUTER SCIENCE, ELECTRONICS, AND MECHANICS. THESE STUDENT-LED INITIATIVES ENSURE A PURPOSE DRIVEN APPROACH TO LEARNING COMPLEX SYSTEMS, WITH THE SUPPORT FROM MENTORS, ENHANCE LEADERSHIP AND STUDENT SUPPORT SKILLS. THIS APPROACH ENSURES SUCCESSFUL OUTCOMES OF ALL STREAMWORKS PROGRAMS

Program Service Accomplishments

Program 1
Expenses: $235,608 Revenue: $40,746

THE ORGNIZATION DELIVERS ENHANCED OPPORTUNITIES FOR STUDENTS (GRADES K-12) TO PARTICIPATE IN EXCITING MENTOR AND PROJECT-BASED PROGRAMS THAT FOCUS ON STEM SKLLS THAT INCLUDE PROGRAM BASED LEARNING...

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THE ORGNIZATION DELIVERS ENHANCED OPPORTUNITIES FOR STUDENTS (GRADES K-12) TO PARTICIPATE IN EXCITING MENTOR AND PROJECT-BASED PROGRAMS THAT FOCUS ON STEM SKLLS THAT INCLUDE PROGRAM BASED LEARNING AND HANDS ON INITIATIVES. SUCCESSFUL OUTCOMES ARE PRIMARILY DERIVED FROM POPULAR STEM INITIATIVES THAT THAT OFTEN INLUDE THE BUILDING OF INDUSTRY RELEVANT DEVICES (ROBOTS, DRONES, DIY STEM PROJECTS) OFTEN COUPLED WITH A CULMINATING COMPETITION. THE COMPETITION ELEMENT TO THE STREAMWORKS INITIATIVE HELPS PARTICIPANTS TO DEVELOP TEAMWORK AND SOFT SKILLS. IN 2023, STREAMWORKS SERVED OVER 7,989 STUDENTS THROUGH A DIVERSE PORTFOLIO OF STEM EDUCATION PROGRAMS, INCLUDING: UNDERWATER ROBOTICS (MATE ROV COMPETITION): STREAMWORKS SUPPORTED 127 MIDDLE AND HIGH SCHOOL TEAMS IN DESIGNING, BUILDING, AND PILOTING UNDERWATER ROBOTS. STUDENTS LEARNED ENGINEERING DESIGN, PROGRAMMING, ELECTRONICS, AND PROJECT MANAGEMENT. A TOTAL OF 14 TEAMS PARTICIPATED IN THE STREAMWORKS MATE REGIONAL COMPETITION, WITH THREE EARNING INVITATIONS TO THE INTERNATIONAL COMPETITION. ROBOT DRONE LEAGUE (RDL AND RDL, JR.) STREAMWORKS OPERATED THE ROBOT DRONE LEAGUE, AN INNOVATIVE PROGRAM THAT CHALLENGES MIDDLE AND HIGH SCHOOL STUDENTS TO DESIGN, BUILD, AND PILOT AUTONOMOUS AND MANUALLY CONTROLLED DRONES THROUGH COMPLEX OBSTACLE COURSES AND MISSION-BASED SCENARIOS. THE LEAGUE PROVIDES A UNIQUE PLATFORM FOR EXPERIENTIAL LEARNING IN AERONAUTICS, ROBOTICS, CODING, AND ENGINEERING DESIGN. PARTICIPANTS WORK IN TEAMS TO SIMULATE REAL-WORLD APPLICATIONS SUCH AS PACKAGE DELIVERY, DISASTER RESPONSE, AND ENVIRONMENTAL MONITORING. EACH SEASON CULMINATES IN A WORLD CHAMPIONSHIP WHERE STUDENTS DEMONSTRATE THEIR TECHNICAL PROFICIENCY, TEAMWORK, AND PROBLEM-SOLVING SKILLS IN FRONT OF INDUSTRY JUDGES AND THE COMMUNITY. IN 2023, 87 TEAMS AND 1,405 STUDENTS PARTICIPATED IN RDL AND RDL, JR. STREAMWORKS PROVIDED HARDWARE KITS, TRAINING SESSIONS, AND MENTORSHIP TO ENSURE EQUITABLE ACCESS AND ROBUST LEARNING OUTCOMES. THE PROGRAM SUPPORTS STREAMWORKS' BROADER MISSION BY FOSTERING EARLY INTEREST IN AVIATION, AEROSPACE, AND STEM-RELATED CAREERS, PARTICULARLY IN UNDERSERVED AND RURAL COMMUNITIES. STREAMWORKS MENTORING AND PROFESSIONAL DEVELOPMENT: STREAMWORKS DELIVERED TRAINING THAT ENGAGED OVER 7,989 STUDENTS IN 35 SCHOOL DISTRICTS AND 983 TEACHERS. GIRLS IN STEM INITIATIVE: STREAMWORKS PARTNERED WITH LOCAL ORGANIZATIONS TO HOST STEM CAREER EXPLORATION EVENTS, REACHING 3,595 YOUNG WOMEN THROUGH MENTORSHIP SESSIONS, HANDS-ON WORKSHOPS, AND EXPOSURE TO FEMALE ROLE MODELS IN ENGINEERING, HEALTHCARE, AND TECHNOLOGY. SUMMER INNOVATION CAMPS: STREAMWORKS HOSTED FIVE WEEK-LONG STEM CAMPS IN UNDERSERVED COMMUNITIES. PARTICIPANTS EXPLORED TOPICS RANGING FROM ROBOTICS (AIR, LAND AND WATER), FORENSICS, ENGINEERING AND DESIGN WITH A FOCUS ON CREATIVITY, CRITICAL THINKING, AND DIGITAL LITERACY.THE ORGANIZATION MAINTAINED A ROBUST VOLUNTEER BASE OF INDUSTRY PROFESSIONALS AND EDUCATORS, WHO CONTRIBUTED OVER 2,200 VOLUNTEER HOURS TO MENTORING AND EVENT SUPPORT.THROUGH THESE PROGRAMS, STREAMWORKS NOT ONLY EQUIPS STUDENTS WITH PRACTICAL STEM SKILLS BUT ALSO BUILDS CONFIDENCE, FOSTERS CAREER READINESS, AND STRENGTHENS THE REGIONAL TALENT PIPELINE IN CRITICAL SECTORS SUCH AS ADVANCED MANUFACTURING, CYBERSECURITY, AND BIOTECHNOLOGY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $213,702
Program Service Revenue $40,567
Investment Income $179
Other Revenue $0
TOTAL REVENUE $254,448

Expense Breakdown

Grants Paid $3,250
Salaries & Benefits $119,339
Fundraising Expenses $0
Program Expenses $235,608
Other Expenses $123,189
TOTAL EXPENSES $245,778

Year-over-Year Comparison

2023 2022 Change
Revenue $254,448 $428,990 -0.4%
Expenses $245,778 $344,511 -0.3%
Net Income $8,670 $84,479 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
25
Volunteers
238

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
$56,000
Total Directors
7
$56,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID A GOLDEN CHAIR BOARD OF DIRECTORS 2.00
Officer Director
$0 $0 $0
KAREN S SEIDEN SECRETARY 0.25
Director
$0 $0 $0
CAROL A CLAYSON BOARD OF DIRECTOR 0.25
Director
$0 $0 $0
BENJAMIN S BUCHANAN TREASURER 4.00
Officer Director
$0 $0 $0
TAYLOR BURGESS BOARD OF DIRECTOR 0.25
Director
$0 $0 $0
DENNIS M COURTNEY CEO 40.00
Officer Director
$56,000 $0 $56,000
TRACY E HIGHTOWER BOARD OF DIRECTOR 0.25
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 $254,448 $245,778 $119,748 $8,670
2022 $428,990 $344,511 $109,871 $84,479
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