Identifystem Inc

Nonprofit profile at a glance

EIN: 843556088
IRS 990-EZ coverage: 2022–2024
Forms available: Form 990-EZ 2024, Form 990-N 2021
Location: Miami, FL, USA
Phone: 9169492302
Rating: 87
Verdict: STRONG
Rating confidence: Moderate
Sector: Alliance/Advocacy Organizations

Reported finances

Revenue: $9,555
Expenses: $17,746
Assets: $32,001
Liabilities: $40,000

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

KILAN ASHAD (PRESIDENT)

People named in this filing

KILAN ASHAD (PRESIDENT)
TERESSA ALEXANDER (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Identifystem is organized to support historically underrepresented races and genders in stem education and the workforce exclusively for charitable educational and scientific purposes under section 501c3 of the internal revenue code

What it reported doing in 2024

Stemnoire 2024 - our annual stemnoire conference served 160 women during our 2024 event. The conference is a dual research and wellness program to aid personal and professional development for people working in science, technology, engineering, and math.

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

Financial Efficiency: 100
Transparency & Controls: 82
Sustainability: 30
Growth: 60

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -85.7%; rating input score 9; 9th percentile among comparable filings
Total-asset coverage ratio: 1.8; rating input score 62; 62nd percentile among comparable filings
Liabilities to assets ratio: 1.25; rating input score 4; 4th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 19.7% per year; rating input score 100; 82nd percentile among comparable filings
Revenue growth: -51.2% per year; rating input score 0; 6th percentile among comparable filings
Asset growth: 32.7% per year; rating input score 100; 92nd percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $18K in reported program spending
Leadership: top reported pay $0 · 2 people listed
Consistency: 9 of 9 current checks pass
Schedules: 2 filed schedules
Filing history: 3 filing years from 2022 to 2024
Contacts: How to reach this organization
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Sustainability: Operating margin scored 9/100.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Liabilities to assets ratio scored 4/100.
Review — Sustainability: Officer compensation ratio scored 56/100.