NORTHPOINT TECHNOLOGY INSTITUTE (EIN 843304336) - 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

2017

Legal Domicile

Principal Officer

Remegius I Idaewor Director

Phone

6786105900

Tax Period

2024-01-01 to 2024-12-31

NORTHPOINT TECHNOLOGY INSTITUTE, founded in 2017, is a small nonprofit in the Education sector that reported $108K in total revenue in fiscal year 2024. Expenses of $150K exceeded revenue, resulting in a 39% operating deficit.

Mission

To provide economic empowerment education to community youths. The development and harnessing of core skill set is necessary for the youths to confront todays social and technological challenges and enhance their prospects for gainful employment.

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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 $108,085

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $108,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,782

Other Expenses $149,782

TOTAL EXPENSES $149,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,085	N/A	N/A
Expenses	$149,782	N/A	N/A
Net Income	$-41,697	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Remegius I Idaewor	Director	0.00	Officer	$0	$0	$0
Olusegun Osun	Director	0.00	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	$108,085	$149,782	$291,218	$-41,697
2023	$151,400	$149,418	$297,915	$1,982
2022	$313,457	$168,961	$333,953	$144,496
2021	$259,984	$98,203	$324,455	$161,781
2020	$367,755	$85,122	$316,469	$282,633

NORTHPOINT TECHNOLOGY INSTITUTE