Streamworks Inc

Nonprofit profile at a glance

EIN
832552649
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Kingsport, TN, USA
Phone
4235794083
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education N.E.C.

Official website

Reported finances

Revenue
$446,804
Expenses
$323,290
Assets
$242,629
Liabilities
$574

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

Leadership & pay

7 people listed

Executive titles in this filing

  • DENNIS M COURTNEY (CEO)

Highest reported compensation

  • DENNIS M COURTNEY (CEO): $95,000 total reported compensation

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

Overview

Mission

Streamworks is an engaging educational program offering enhanced opportunities for students in grades k-12 to engage in mentorship and project-based activities that emphasize stem skills. It aims to inspire innovation and nurture well-rounded life capabilities. Our primary focus includes a multitude of initiatives and robotics programs, including the robot drone league (rdl) along with the world's largest underwater robotics competition for high school teams. We provide professional development, mentorship and guidance, enabling students to hone skills in team-building. Streamworks initiatives promote student development to help create a pipeline of talent capabilities in stem related careers, i.e. Cad, computer science, electronics, and mechanics. These student-led initiatives ensure a purpose driven approach to learning complex systems, with the support from mentors, enhance leadership and student support skills. This approach ensures successful outcomes of all streamworks programs

What it reported doing in 2024

The orgnization delivers enhanced opportunities for students (grades k-12) to participate in exciting mentor and project-based programs that focus on stem sklls that include program based learning and hands-on initiatives. Successful outcomes are primarily derived from popular stem initiatives that often include the building of industry relevant devices (robots, drones, diy stem projects) often coupled with a culminating competition. The competition element to the streamworks initiative helps participants to develop teamwork and soft skills. In 2024, streamworks served 11,735 students across 35 school districts through a diverse portfolio of applied stem education programs designed to inspire curiosity, develop technical and essential professional skills, and strengthen the future workforce in aviation, robotics, advanced manufacturing, and emerging technologies, including: underwater robotics (mate rov competition): streamworks supported 127 middle and high school teams as they designed, built, and piloted underwater robots. Students learned engineering design, programming, electronics, buoyancy, propulsion systems, and team management. A total of 14 teams participated in the streamworks mate regional competition, with 3 teams qualified for the international mate world championship. Robot drone league (rdl and rdl, jr.) the robot drone league challenges students to design, engineer, and pilot drones, both autonomous and manual, through mission-based aerial challenges. Participants simulate real-world applications such as emergency supply delivery, environmental sensing, and infrastructure inspection. In 2024: 103 competitive teams particapated, with over 1,500 students engaged in rdl and rdl jr. Programs. Streamworks provided equitable access through hardware kits, training workshops, and ongoing mentoring. The season culminated in a championship event judged by professionals from aerospace, defense, engineering, and technical industries. Streamworks mentorship & educator professional development: streamworks delivered stem instructional support and technical mentoring to almost 12,000 students and 1,000 teachers, helping schools integrate hands-on engineering curriculum and project-based learning models. Girls in stem initiative: streamworks partnered with community organizations and industry professionals to expand access and representation in stem fields. 5,280 young women particapated in career exploration events, mentorship sessions, and hands-on engineering workshiops. Students connected with women leaders in aerospace, medicine, cybersecurity, and biotech. Summer innovation camps: streamworks hosted five week-long stem summer camps in underserved communities, offering immersive hands-on learning in robotics (air, land, and underwater), digital literacy, engineering design, and creative problem-solving.community engagement & volunteer impact: streamworks benefited from a strong network of industry and education partners who contributed over 2,200 volunteer hours of mentoring, technical guidance, and event support. Overall impact: streamworks programs equip students with real-world technical skills, critical thinking, and teamwork experience while building confidence and career readiness. By providing consistent stem engagement from elementary through high school, streamworks strengthens the regional talent pipeline in high-demand sectors such as: advanced manufacturing, aerospace and aviation, robotics and automation, cybersecurity, and biotechnology and healthcare technology. Through equitable access, mentorship, and hands-on learning, streamworks is expanding opportunity, cultivating future innovators, and preparing the workforce of tomorrow.

Operating model

Revenue model
Donor-supported. 76% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 99% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 92
  • Accountability: 81
  • Sustainability: 55
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69%; rating input score 69
  • Program expense ratio: 95.4%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 23rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 27.6%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 0.75; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 29.4%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: -3.9% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: 35.5% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 44% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 69% of revenue deployed · 95.4% of spending went to programs
  • Governance: 6 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $308K in reported program spending
  • Leadership: top reported pay $95K · 7 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.