GENERATION STEAM (EIN 852241739) - 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

2021

Legal Domicile

Principal Officer

SARA PAGANO

Phone

8584550300

Tax Period

2023-01-01 to 2023-12-31

GENERATION STEAM, founded in 2021, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 6% surplus.

Mission

OUR MISSION IS TO EMPOWER THE NEXT GENERATION OF STEAM VISIONARIES THROUGH EDUCATION AND EXPLORATION. WE WORK WITH SCHOOLS, SCHOOL DISTRICTS, COMMUNITY ORGANIZATIONS, AND INDUSTRY TO CREATE PATHWAYS FOR STUDENTS INTERESTED IN PURSUING A CAREER IN CALIFORNIA'S THRIVING LIFE SCIENCE INDUSTRY. OUR INNOVATIVE YEAR-ROUND PROGRAMS AND EVENTS SERVE K-12 STUDENTS AND EDUCATORS, ENSURING A DIVERSE AND FLOURISHING WORKFORCE OF THE FUTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,259,596

Program Service Revenue $0

Investment Income $0

Other Revenue $22,811

TOTAL REVENUE $1,282,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $585,366

Fundraising Expenses $0

Program Expenses $1,081,821

Other Expenses $613,886

TOTAL EXPENSES $1,199,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,282,407	$897,385	+0.4%
Expenses	$1,199,252	$769,984	+0.6%
Net Income	$83,155	$127,401	-0.3%

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

Total Directors

$1,268,521

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN POSSEMATO	DIRECTOR/OFFICER/PRESIDENT	5.00	Officer Director	$0	$0	$0
PAUL NEGULESCU	DIRECTOR/OFFICER/SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID WEBB	DIRECTOR/OFFICER/TREASURER	5.00	Officer Director	$0	$0	$0
CHARLES BERGAN	DIRECTOR	5.00	Director	$0	$0	$0
STEVE BRIGGS	DIRECTOR	5.00	Director	$0	$0	$0
MARK CAFFERTY	DIRECTOR	5.00	Director	$0	$0	$0
VANESSA LIGHT	DIRECTOR	5.00	Director	$0	$0	$0
JOE PANETTA	DIRECTOR	5.00	Director	$0	$177,424	$1,268,521
TORY SEE	DIRECTOR	5.00	Director	$0	$0	$0
STEVE SNYDER	DIRECTOR	5.00	Director	$0	$0	$0
MUSIC WATSON	DIRECTOR	5.00	Director	$0	$0	$0
AN CHEN	DIRECTOR	5.00	Director	$0	$0	$0
JEFFREY ROBERT	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER STORM	DIRECTOR	5.00	Director	$0	$0	$0
JIMMY PASCASCIO	DIRECTOR	5.00	Director	$0	$0	$0
SABINE HADIDA	DIRECTOR	5.00	Director	$0	$0	$0
SARA PAGANO	EXECUTIVE DIRECTOR	40.00	Highest	$146,432	$0	$146,432

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	No data	No data	No data	No data
2023	$1,282,407	$1,199,252	$1,074,300	$83,155
2022	$897,385	$769,984	$1,047,232	$127,401
2021	$558,267	$492,690	$341,078	$65,577

GENERATION STEAM