NEARSPACE EDUCATION INC (EIN 850788293) - 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

2020

Legal Domicile

Principal Officer

MATTHEW C VOSS

Phone

7659988942

Tax Period

2024-01-01 to 2024-12-31

NEARSPACE EDUCATION INC, founded in 2020, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $501K, a strong 46% operating margin.

Mission

TO INSPIRE, EQUIP, AND IMPACT THE NEXT GENERATION OF STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS) STUDENTS THROUGH INNOVATIVE EDUCATIONAL PROGRAMS.

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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 $913,795

Program Service Revenue $4,824

Investment Income $2,942

Other Revenue $158,879

TOTAL REVENUE $1,080,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $307,033

Fundraising Expenses $0

Program Expenses $552,149

Other Expenses $272,417

TOTAL EXPENSES $579,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,080,440	$666,307	+0.6%
Expenses	$579,450	$81,233	+6.1%
Net Income	$500,990	$585,074	-0.1%

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

$18,218

Total Directors

$18,218

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW C VOSS	PRESIDENT	20.00	Officer Director	$18,218	$0	$18,218
JEFFREY F DAILEY	DIRECTOR	1.00	Director	$0	$0	$0
HENRY D VOSS	DIRECTOR	1.00	Director	$0	$0	$0
ADAM BENNET	DIRECTOR	1.00	Director	$0	$0	$0
LEZLIE A WINTER	DIRECTOR	1.00	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
2024	$1,080,440	$579,450	$1,220,768	$500,990
2023	$666,307	$81,233	$674,158	$585,074

NEARSPACE EDUCATION INC