RESEARCH & ROBOTICS INC

EIN: 873768241 501(c)(3) Education

NEW BEDFORD, MA

Total Revenue
$566,983
Total Expenses
$736,730
Total Assets
$2,455,180
Net Assets
$274,885
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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
MA
Principal Officer
MARK PARSONS
Phone
9176174552
Tax Period
2023-07-01 to 2024-06-30

RESEARCH & ROBOTICS INC, founded in 2021, is a small nonprofit in the Education sector that reported $567K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $737K exceeded revenue, resulting in a 30% operating deficit.

Mission

RESEARCH & ROBOTICS PROVIDES ACCESS TO FRONTIER TECHNOLOGIES FOR SUPPORTING ENTREPRENEURIAL AND SOCIAL IMPACT, THROUGH EDUCATION, ECONOMIC EMPOWERMENT, AND CORPORATE ENGAGEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $431,146
Program Service Revenue $135,673
Investment Income $164
Other Revenue $0
TOTAL REVENUE $566,983

Expense Breakdown

Grants Paid $0
Salaries & Benefits $298,121
Fundraising Expenses $75,400
Program Expenses $518,138
Other Expenses $438,609
TOTAL EXPENSES $736,730

Year-over-Year Comparison

2023 2022 Change
Revenue $566,983 $816,994 -0.3%
Expenses $736,730 $385,560 +0.9%
Net Income $-169,747 $431,434 -1.4%
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
4
Independent Members
3
Employees
4
Volunteers
3

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
4
$100,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN ANDERSON CHAIRPERSON 1.00
Officer
$0 $0 $0
CELESTE EVANS SECRETARY 1.00
Officer
$0 $0 $0
STEPHANIE MOORE TREASURER 1.00
Officer
$0 $0 $0
MARK PARSONS EXECUTIVE DIRECTOR 40.00
Officer
$100,000 $0 $100,000
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 No data No data No data No data
2024 $566,983 $736,730 $2,455,180 $-169,747
2023 $816,994 $385,560 $1,907,317 $431,434
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