SKYROCKET EDUCATION

EIN: 852740460 501(c)(3) Education

MERRICK, NY

Total Revenue
$2,160,868
Total Expenses
$2,101,658
Total Assets
$208,814
Net Assets
$-63,560
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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
NY
Principal Officer
ANTONIO VANCE
Phone
2672354068
Tax Period
2024-01-01 to 2024-12-31

SKYROCKET EDUCATION, founded in 2020, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024.

Mission

TO DRAMATICALLY IMPACT STUDENT OUTCOMES THROUGH THE MOST INTENSE AND INTENTIONAL SCHOOL LEADER AND TEACHER TRAINING PROGRAMS IN THE COUNTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,362
Program Service Revenue $2,157,506
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,160,868

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,141,050
Fundraising Expenses $0
Program Expenses $1,900,472
Other Expenses $960,608
TOTAL EXPENSES $2,101,658

Year-over-Year Comparison

2024 2023 Change
Revenue $2,160,868 $2,190,237 0.0%
Expenses $2,101,658 $916,663 +1.3%
Net Income $59,210 $1,273,574 -1.0%
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
5
Independent Members
5
Employees
12
Volunteers
5

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
5
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STACEY SOMBERT TREASURER N/A
Officer Director
$0 $0 $0
RAYMOND FIELDS VICE CHAIRMA N/A
Officer
$0 $0 $0
CHADE BINEY AMISSAH JD SECRETARY N/A
Officer
$0 $0 $0
ANGEL PINA CHAIRMAN N/A
Officer
$0 $0 $0
ANTONIO VANCE PRESIDENT 40.00
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 $2,160,868 $2,101,658 $208,814 $59,210
2023 $2,190,237 $916,663 $192,340 $1,273,574
2022 $1,545,577 $1,487,108 $133,292 $58,469
2021 $498,503 $466,364 $194,439 $32,139
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