LOOMA EDUCATION CORPORATION

EIN: 843424916 501(c)(3) Education

Menlo Park, CA

Total Revenue
$382,153
Total Expenses
$399,825
Total Assets
$111,046
Net Assets
$111,046
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
Skip Stritter
Phone
6503805008
Tax Period
2025-01-01 to 2025-12-31

LOOMA EDUCATION CORPORATION, founded in 2019, is a small nonprofit in the Education sector that reported $382K in total revenue in fiscal year 2025. Revenue surged 98% from the prior year, signaling strong growth momentum.

Mission

LEC creates technologies to improve lives in developing countries. It is now developing and installing Looma, a solar-powered, interactive educational a/v system to supplement the curriculum in Nepal's public schools which often lack power, Internet, trained teachers, and sufficient funds to adequately support the public program. Looma contains the entire Nepalese curriculum, integrated with a massive library of selected open-source materials, and enhanced with gamified reviews. The goal is that this system will be adopted by the Nepalese government and its donors, become a standard classroom tool for many of Nepal's 26,000 public schools, and perhaps be adopted by other countries as well.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $382,153
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $382,153

Expense Breakdown

Grants Paid $352,009
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $399,659
Other Expenses $23,827
TOTAL EXPENSES $399,825

Year-over-Year Comparison

2025 2024 Change
Revenue $382,153 $193,327 +1.0%
Expenses $399,825 $79,182 +4.0%
Net Income $-17,672 $114,145 -1.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
30

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
3
$0
Total Directors
6
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edward P Stritter Board Chair and Technical Director 45
Officer Director Key Emp
$0 $0 $0
Owen David Sowerwine CFO and Board Member 55
Officer Director Key Emp
$0 $0 $0
John L McDonnell Board Member 0.5
Officer Director
$0 $0 $0
Neela Gentile Board Member 1
Director
$0 $0 $0
Robert Fisher Board Member 0.5
Director
$0 $0 $0
Doug Molitor Board Member 0.5
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 $382,153 $399,825 $111,046 $-17,672
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