SKYROCKET EDUCATION

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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

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.

Program Service Accomplishments

Program 1

Expenses: $1,900,472

IMPACT STUDENT OUTCOMES THROUGH THE MOST INTENSE AND INTENTIONAL SCHOOL

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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 $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

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

Key Employees

Highest Compensated

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