Rochester Math and Science Academy

EIN: 870732808 501(c)(3) Education

Rochester, MN

Total Revenue
$13,706,589
Total Expenses
$12,132,130
Total Assets
$6,665,371
Net Assets
$1,854,752
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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
2004
Legal Domicile
MN
Principal Officer
Abdifitah Shekh
Phone
9525636917
Tax Period
2024-07-01 to 2025-06-30

Rochester Math and Science Academy, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $13.7M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $12.1M left a modest 11% surplus.

Mission

The mission of the school is to maximize opportunities for children through educational innovation that will ensure their full development as healthy and positive contributors to the greater community.

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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 $13,592,093
Program Service Revenue $2,824
Investment Income $107,586
Other Revenue $4,086
TOTAL REVENUE $13,706,589

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,040,202
Fundraising Expenses $0
Program Expenses $10,330,252
Other Expenses $5,091,928
TOTAL EXPENSES $12,132,130

Year-over-Year Comparison

2024 2023 Change
Revenue $13,706,589 $9,546,058 +0.4%
Expenses $12,132,130 $9,529,534 +0.3%
Net Income $1,574,459 $16,524 +94.3%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
147
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
$517,521
Total Directors
5
$391,455
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Monique Goins Treasurer/Teacher 41.00
Officer Director
$59,257 $14,590 $73,847
Bazi Bin-Sheikh Vice President/Teacher 41.00
Officer Director
$59,525 $5,208 $64,733
Sulaf Al-Saify Secretary/Teacher 41.00
Officer Director
$70,383 $6,159 $76,542
Abdulkadir Abdalla Board Chair 41.00
Officer Director
$90,700 $45,427 $136,127
Mohamed Hassan Omar Member/Teacher 41.00
Director
$35,331 $4,875 $40,206
Abdifitah Shekh Executive Director 40.00
Officer
$117,125 $49,147 $166,272
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
2025 $13,706,589 $12,132,130 $6,665,371 $1,574,459
2024 $9,546,058 $9,529,534 $5,286,469 $16,524
2023 $8,926,790 $9,448,965 $7,395,764 $-522,175
2022 $8,922,025 $7,831,247 $6,494,562 $1,090,778
2021 $8,397,219 $7,183,949 $6,275,658 $1,213,270
2020 $6,425,922 $7,300,625 $5,214,292 $-874,703
2019 $5,746,968 $5,904,645 $5,456,892 $-157,677
2018 $5,600,595 $6,397,895 $6,488,923 $-797,300
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