INNOVATION SCIENCE & TECHNOLOGY ACADEMY (EIN 842942167) - 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

DR OMOTOKE OLATOYE

Phone

7633390642

Tax Period

2024-07-01 to 2025-06-30

INNOVATION SCIENCE & TECHNOLOGY ACADEMY, founded in 2019, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $557K, a strong 27% operating margin.

Mission

TO DEVELOP STUDENT INNOVATORS WITH THE COLLABORATIVE SUPPORT OF ALL THE STAKEHOLDERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,604,898

Program Service Revenue $1,651

Investment Income $117

Other Revenue $473,280

TOTAL REVENUE $2,079,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $510,210

Fundraising Expenses $0

Program Expenses $1,257,746

Other Expenses $1,012,819

TOTAL EXPENSES $1,523,029

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,079,946	$2,353,703	-0.1%
Expenses	$1,523,029	$1,240,108	+0.2%
Net Income	$556,917	$1,113,595	-0.5%

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

$128,218

Total Directors

$14,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK KECHIA	BOARD CHAIR / TEACHER	40.00	Officer Director	$13,333	$1,167	$14,500
SHUKRI AHMED	DIRECTOR	2.00	Director	$0	$0	$0
KHALID ANSARI	DIRECTOR	2.00	Director	$0	$0	$0
ADEBIMPE DIJI	DIRECTOR	2.00	Director	$0	$0	$0
YIEN DOUTH	DIRECTOR	2.00	Director	$0	$0	$0
OMOTOKE OLATOYE	EXECUTIVE DIRECTOR	40.00	Officer	$91,013	$22,705	$113,718

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	$2,079,946	$1,523,029	$1,899,794	$556,917
2024	$2,353,703	$1,240,108	$1,621,395	$1,113,595
2023	$1,166,153	$1,236,052	$775,420	$-69,899
2022	$1,194,518	$1,118,501	$770,109	$76,017
2021	$1,047,903	$1,070,086	$201,552	$-22,183

INNOVATION SCIENCE & TECHNOLOGY ACADEMY