ISTEAM ACADEMY INC

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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

2019

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ISTEAM ACADEMY INC, founded in 2019, is a small nonprofit in the Unknown sector that reported $264K in total revenue in fiscal year 2023.

Mission

Operate exclusively for education, scientific, and charitable purpose to provide student a supportive environment where they can build confidence, harness potential, and enjoy the thrill of discovery.

Program Service Accomplishments

Program 1

Expenses: $198,310 Revenue: $264,397

WE WORK WITH PROFESSIONALS AND SPECIALISTS TO CUSTOMIZE ROBOTICS CURRICULUMS, AND BRING ROBOTICS TO THE CLASSROOM OF LOCAL SPECIA SCHOOLS.WE GUIDE STUDENTS TO WORK COLLABORATIVELY AS A TEAM AND...

WE WORK WITH PROFESSIONALS AND SPECIALISTS TO CUSTOMIZE ROBOTICS CURRICULUMS, AND BRING ROBOTICS TO THE CLASSROOM OF LOCAL SPECIA SCHOOLS.WE GUIDE STUDENTS TO WORK COLLABORATIVELY AS A TEAM AND MAXIMIZE THEIR CREATIVITY POTENTIAL AS WELL AS INDIVIDUALIZED THEIR PATHS TO SUSSESS.OUR TEAM STARTED IN 2018, WE HAVE ATTENDED OVER TO VEX ROBOTICS COMPETITIONS AROUND THE STATE OF MASS. WE WENT AGAINST DIFFERENT TEAMS AND RECEIVED AWARDS DUE TO OUR PERFORMANCES.STARTS FROM 2019, SHADOW BOT AND LIGHTNING BOT ARE TWO AWESOME MIDDLE SCHOOL TEAM THAT WON MANY TROPHIES AND AWARDS.BOTH TEAMS MADE TO THE VEX ROBOTICS WORLD CHAMPIONSHIP IN 2019-2020 SEASON.

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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 $0

Program Service Revenue $264,397

Investment Income $0

Other Revenue $0

TOTAL REVENUE $264,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,675

Fundraising Expenses $0

Program Expenses $198,310

Other Expenses $187,044

TOTAL EXPENSES $264,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,397	N/A	N/A
Expenses	$264,719	N/A	N/A
Net Income	$-322	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
XIANGBO MENG	CHAIRMAN OF THE BOARD	5.00	Officer	$0	$0	$0
XIANGBO MENG	DIRECTOR	5.00	Officer	$0	$0	$0
MINMIN CAI	DIRECTOR	5.00	Officer	$0	$0	$0
CHENYU LIN	CLERK	5.00	Officer	$0	$0	$0
XIANGBO MENG	PRESIDENT	10.00	Officer	$0	$0	$0
XIANGBO MENG	TREASURER	5.00	Officer	$0	$0	$0
CHENYU LIN	DIRECTOR	5.00	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
2024	No data	No data	No data	No data
2023	$264,397	$264,719	$10,799	$-322