GREAT MINDS IN STEM

EIN: 954577359 501(c)(3) Public & Societal Benefit

LOS ANGELES, CA

Total Revenue
$2,555,249
Total Expenses
$2,998,220
Total Assets
$2,453,901
Net Assets
$1,671,839
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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
1996
Legal Domicile
CA
Principal Officer
NORMAN L FORTENBERRY SC
Phone
3232620997
Tax Period
2023-01-01 to 2023-12-31

GREAT MINDS IN STEM, founded in 1996, is a community nonprofit in the Public & Societal Benefit sector that reported $2.6M in total revenue in fiscal year 2023. Expenses of $3.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

BE A NATIONAL LEADER IN KEEPING AMERICA TECHNOLOGICALLY STRONG BY PROMOTING SCIENCE, TECHNOLOGY, ENGINEERING AND MATH CAREERS ESPECIALLY IN UNDERSERVED COMMUNITIES.

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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 $432,094
Program Service Revenue $1,968,019
Investment Income $50,077
Other Revenue $105,059
TOTAL REVENUE $2,555,249

Expense Breakdown

Grants Paid $260,615
Salaries & Benefits $989,563
Fundraising Expenses $0
Program Expenses $2,369,135
Other Expenses $1,748,042
TOTAL EXPENSES $2,998,220

Year-over-Year Comparison

2023 2022 Change
Revenue $2,555,249 $2,512,291 +0.0%
Expenses $2,998,220 $3,238,292 -0.1%
Net Income $-442,971 $-726,001 -0.4%
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
12
Independent Members
12
Employees
16
Volunteers
50

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
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUAN RIVERA PHD BOARD CHAIR 40.00
Officer Director
$0 $0 $0
RUDY MONTIEL PE BOARD VICE CHAIR 8.00
Officer Director
$0 $0 $0
TONY M PADILLA SECRETARY 8.00
Officer Director
$0 $0 $0
MARVI MATOS RODRIGUEZ PHD SECRETARY 8.00
Officer Director
$0 $0 $0
ARMANDO CASTORENA BOARD MEMBER 4.00
Director
$0 $0 $0
JOSE CASTELLON BOARD MEMBER 4.00
Director
$0 $0 $0
IVAN DIAZ BOARD MEMBER 4.00
Director
$0 $0 $0
KIM KUKURBA BOARD MEMBER 4.00
Director
$0 $0 $0
ALEJANDRO M LOPEZ BOARD MEMBER 8.00
Director
$0 $0 $0
H KEITH MOO-YOUNG PHD PE BOARD MEMBER 4.00
Director
$0 $0 $0
RALPH ROSATO BOARD MEMBER 2.00
Director
$0 $0 $0
MARIA E RUESS BOARD MEMBER 4.00
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 $2,555,249 $2,998,220 $2,453,901 $-442,971
2022 $2,512,291 $3,238,292 $3,284,403 $-726,001
2021 $2,728,420 $2,032,014 $3,658,406 $696,406
2020 $2,200,795 $2,126,928 $3,296,326 $73,867
2019 $3,835,392 $4,273,629 $3,479,056 $-438,237
2018 $6,884,531 $4,445,727 $3,790,468 $2,438,804
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