IGNITE ROBOTICS (EIN 871306813) - 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

DAN LI

Phone

5086549750

Tax Period

2023-01-01 to 2023-12-31

IGNITE ROBOTICS, founded in 2021, is a small nonprofit in the Education sector that reported $408K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $93K, a strong 23% operating margin.

Mission

TO INCREASE STUDENT INTEREST AND INVOLVEMENT IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) BY ENGAGING STUDENTS IN HANDS-ON PROGRAMS AND COMPETITIONS IN ROBOTICS, PROGRAMMING, ENGINEERING, MATH, AND OTHER STEM-RELATED AREAS.

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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 $42,753

Program Service Revenue $365,730

Investment Income $7

Other Revenue $0

TOTAL REVENUE $408,490

Expense Breakdown

Grants Paid $100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $279,806

Other Expenses $315,325

TOTAL EXPENSES $315,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$408,490	$310,225	+0.3%
Expenses	$315,425	$115,871	+1.7%
Net Income	$93,065	$194,354	-0.5%

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

N/A

Employees

N/A

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
DAN LI	PRESIDENT	5.00	Officer Director	$0	$0	$0
LI WANG	SECRETARY	5.00	Officer Director	$0	$0	$0
GUOJUN YU	TREASURER	5.00	Officer 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	No data	No data	No data	No data
2023	$408,490	$315,425	$324,726	$93,065
2022	$310,225	$115,871	$234,075	$194,354

IGNITE ROBOTICS