STEMPOWER INC (EIN 832778390) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

MARK GELFAND

Phone

7034634468

Tax Period

2022-01-01 to 2022-12-31

STEMPOWER INC, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 26% operating deficit.

Mission

STEMPOWER, INC.'S MISSION IS TO PROVIDE PRE-UNIVERSITY STUDENTS THE OPPORTUNITY TO SOLVE SOCIETAL PROBLEMS, STRENGTH NATIONS AND IMPLEMENT EMPOWERMENT THROUGH THE USE OF STEM EDUCATION. STEMPOWER, INC PROVIDES HANDS-ON LAB-BASED STEM EDUCATION EMPHASIZES REAL-WORLD PROBLEM-SOLVING, CREATIVITY, AND SKILL-BUILDING EMPOWERING YOUTH TO ENGINEER THEIR HOMELAND AWAY FROM STUBBORN POVERTY. AS WELL AS, ENGINEERING SKILLS COMPLETE A COUNTRY'S PRODUCTION VALUE CHAIN LEADING TO MORE EXPORTS, LESS IMPORTS, AND REDUCED DEPENDENCY. LASTLY, ENHANCES EDUCATION, COMPETENCY, INNOVATION, AND CAREERS ON A NATIONAL SCALE THAT "LIFTS ALL BOATS."

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,475,009

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,475,009

Expense Breakdown

Grants Paid $2,987,361

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,028,352

Other Expenses $141,878

TOTAL EXPENSES $3,129,239

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,475,009	$2,991,666	-0.2%
Expenses	$3,129,239	$2,786,403	+0.1%
Net Income	$-654,230	$205,263	-4.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM VELDMAN	TREASURER/CFO	1.00	Officer Director	$0	$0	$0
SHACHAR ZAHAVI	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK GELFAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
TAMRAT BIRHANU	DIRECTOR	1.00	Director	$0	$0	$0
MOU DENG RIINY	DIRECTOR	1.00	Director	$0	$0	$0
GALIT COHEN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL LARK	DIRECTOR	1.00	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
2022	$2,475,009	$3,129,239	$225,297	$-654,230
2022	$1,707,246	$2,361,476	$225,297	$-654,230
2021	$2,991,666	$2,786,403	$1,242,676	$205,263
2021	$3,041,969	$2,858,393	$1,278,956	$183,576
2020	$1,547,539	$829,689	$1,032,260	$717,850
2019	$880,000	$761,049	$298,787	$118,951

STEMPOWER INC