STEAM AHEAD INC (EIN 833984772) - 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

ALIX HOLDER

Phone

6175137928

Tax Period

2023-01-01 to 2023-12-31

STEAM AHEAD INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $115K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $246K exceeded revenue, resulting in a 114% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO INCREASING THE NUMBER OF UNDERSERVED AND UNDERREPRESENTED STUDENTS WHO ENTER CAREERS IN SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATH (S.T.E.A.M.) FIELDS BY CREATING UNIQUE PROGRAMMING AND CIRRICULUMS AT THEIR SUMMER LEARNING AND STEAM ACADEMIES. THE ORGANIZATION PARTNERS WITH ORGANIZATIONS WITH SIMILAR GOALS TO ASSIST THEM IN THEIR S.T.E.A.M. PROGRAMMING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $198

Program Service Revenue $114,968

Investment Income $0

Other Revenue $0

TOTAL REVENUE $115,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,721

Fundraising Expenses $5,938

Program Expenses $224,053

Other Expenses $240,270

TOTAL EXPENSES $245,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,166	$400,814	-0.7%
Expenses	$245,991	$230,587	+0.1%
Net Income	$-130,825	$170,227	-1.8%

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

N/A

Employees

N/A

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

$105,000

Total Directors

$105,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALIX HOLDER	PRESIDENT/CLERK	7.50	Officer Director	$60,000	$0	$60,000
LOREN PAUL	VICE PRESIDENT/TREASURER	7.50	Officer Director	$45,000	$0	$45,000
JAMES A OWEN JR	DIRECTOR	2.50	Director	$0	$0	$0
KAMAR GALLOWAY	DIRECTOR	2.50	Director	$0	$0	$0
CEDRIC TURNER	DIRECTOR	2.50	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
2024	No data	No data	No data	No data
2023	$115,166	$245,991	$73,324	$-130,825
2022	$400,814	$230,587	$209,483	$170,227

STEAM AHEAD INC