Tinkermill

Nonprofit profile at a glance

EIN
463073831
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Longmont, CO, USA
Phone
7202043090
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Science and Technology N.E.C.

Official website

Reported finances

Revenue
$573,708
Expenses
$575,194
Assets
$1,577,110
Liabilities
$1,139,803

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

Leadership & pay

12 people listed

Executive titles in this filing

  • ERIK AKIA (Vice President)
  • CE RAUM (President)

People named in this filing

  • ERIN HOARD (Executive Dir.)
  • WENDI BRADEN (Director)
  • DAVID STEARNS (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Like-minded people interested in art, technology, science and business can collaborate on creative projects, share tools, learn, teach, make things, prototype new ideas, products and services, start ventures, meet new people and share knowledge.

What it reported doing in 2024

Creative educational workshops - tinkermill offers educational workshops to anyone who is interested in the fields of science, technology, engineering, art and math (or steam). The program fosters creativity and encourages creation of new products and tools. Activities include education and instruction on prototype development and creation, as well as basic electronics, robotics, programming, and more. We also provide access to woodworking and metalworking tools for prototype creation. Each workshop is dedicated to a certain skill set based on community interest and need. Tinkermill holds approximately 100 workshops and events each month serving over 1,800 members of the community. The workshops typically last between one and two hours and are typically led by volunteers who are professionals in their field with the goal to share their knowledge and skills. Our workshops are open to youth and adults and are held in our facility. Classes are available at extremely low-cost or are free of charge and we publicize our events through schools, colleges, churches, and community centers. Our facility is open 7 days a week and anyone with the appropriate safety training can come in and use our facility and most of our tool equipment free of charge. We continue to acquire power tools, hand tools, machinery, computers, and cutting-edge software which introduces new technology to the community, and encourages education, experimentation, and collaboration.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 92
  • Accountability: 18
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.2%; rating input score 78
  • Program expense ratio: 77.7%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 0%; rating input score 0; 5th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: -0.3%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 2.74; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.72; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 8.7% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 11.2% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 78.2% of revenue deployed · 77.7% of spending went to programs
  • Governance: 0 of 11 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $447K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 9 filing years from 2015 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 — Accountability: Independent voting board scored 0/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.