25 CARRICK AVE PROJECT DBA TECH 25 (EIN 842121534) - 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

2019

Legal Domicile

Principal Officer

PETE SPYNDA

Phone

4122120246

Tax Period

2023-07-01 to 2024-06-30

25 CARRICK AVE PROJECT DBA TECH 25, founded in 2019, is a small nonprofit that reported $385K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $587K exceeded revenue, resulting in a 53% operating deficit.

Mission

TO PROVIDE YOUTH AND ADULTS WITH CAREER OPPORTUNITIES IN THE EVENT PRODUCTION AND BROADCAST INDUSTRY THROUGH CLASSES, WORKSHOPS, AND HANDS-ON MENTORING. WITH THIS, WE AIM TO PROVIDE EDUCATION, VOCATIONAL, AND CERTIFICATION PROGRAMS THAT LEAD TO LIVING-WAGE CAREERS IN THE ENTERTAINMENT TECHNOLOGY FIELD.

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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 $264,620

Program Service Revenue $108,064

Investment Income $12,360

Other Revenue $0

TOTAL REVENUE $385,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $377,734

Fundraising Expenses $7,344

Program Expenses $467,921

Other Expenses $209,567

TOTAL EXPENSES $587,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$385,044	$1,054,287	-0.6%
Expenses	$587,301	$532,309	+0.1%
Net Income	$-202,257	$521,978	-1.4%

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

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

$61,654

Total Directors

$61,654

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE BJORNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
PETE SPYNDA	EXECUTIVE DIRECTOR	40.00	Officer Director	$61,654	$0	$61,654
STEPHAN KOLEDIN	PRESIDENT	2.00	Director	$0	$0	$0
MIKE FERTIG	BOARD MEMBER	2.00	Director	$0	$0	$0
DR SHERRY MILLER BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE ANDERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
TRACI JACKSON	BOARD MEMBER	2.00	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
2025	No data	No data	No data	No data
2024	$385,044	$587,301	$690,082	$-202,257
2023	$1,054,287	$532,309	$865,045	$521,978
2022	$380,710	$285,964	$215,548	$94,746

25 CARRICK AVE PROJECT DBA TECH 25