PI-TAP INC

EIN: 844231111 501(c)(3)

CAMBRIDGE, MA

Total Revenue
$286,481
Total Expenses
$272,746
Total Assets
$45,524
Net Assets
$22,246
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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
2020
Legal Domicile
MA
Phone
7812679122
Tax Period
2020-02-01 to 2021-01-31

PI-TAP INC, founded in 2020, is a small nonprofit that reported $286K in total revenue in fiscal year 2020. Expenses of $273K left a modest 5% surplus.

Mission

TO PROVIDE WORKFORCE DEVELOPMENT AND EDUCATIONAL SERVICES; TO PROVIDE TRAINING IN HARD AND SOFT SKILLS TO CHANGE LIVES AND LAUNCH CAREERS IN THE TECHNOLOGY INDUSTRY AND POSITIVELY IMPACT TEENS, PARENTS AND ADULTS IN TRANSITION

Program Service Accomplishments

Program 1
Expenses: $244,715

PROVIDE WORKFORCE DEVELOPMENT AND EDUCATIONAL SKILLS SERVICES

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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 (2020)

Revenue Breakdown

Contributions & Grants $286,205
Program Service Revenue $276
Investment Income $0
Other Revenue $0
TOTAL REVENUE $286,481

Expense Breakdown

Grants Paid $0
Salaries & Benefits $223,969
Fundraising Expenses $1,125
Program Expenses $244,715
Other Expenses $48,777
TOTAL EXPENSES $272,746

Year-over-Year Comparison

2020 2019 Change
Revenue $286,481 N/A N/A
Expenses $272,746 N/A N/A
Net Income $13,735 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

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Governance

Voting Members
6
Independent Members
6
Employees
6
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
4
$1,120
Total Directors
6
$1,120
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARENE-SEAN E HINES EXECUTIVE DIRECTOR 40.00
$111,352 $0 $111,352
ANDOLINE HENDRICKS CLERK 1.00
Officer Director
$1,120 $0 $1,120
KARENE SEAN HINES President 5.00
Officer Director
$0 $0 $0
DAVID CARNES FMR TREASURER 1.00
Officer Director
$0 $0 $0
JOHN DUROCHER Treasurer 1.00
Officer Director
$0 $0 $0
ISAAC CHAN FMR DIRECTOR 0.00
Director
$0 $0 $0
DR MAKEDA KEEGAN Director 3.00
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
2021 $286,481 $272,746 $45,524 $13,735
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