Triple Cities Makerspace Inc

Nonprofit profile at a glance

EIN
463335408
IRS 990-EZ coverage
2019–2022
Forms available
Form 990-EZ 2022, Form 990-N 2018
Location
Binghamton, NY, USA
Phone
6076999078
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Alliance/Advocacy

Official website

Reported finances

Revenue
$117,225
Expenses
$150,619
Assets
$166,884
Liabilities
$51,609

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • ERIK LEONARD (PRESIDENT (FORMER))
  • CLIFF BURGER (VICE PRESIDENT (FORMER))
  • DAVID BURCH (PRESIDENT)
  • JOHN FLINN (VICE PRESIDENT)
  • STEPHEN MUSOK (EXECUTIVE DIRECTOR)

People named in this filing

  • DAVID WEINTRAUB (BOARD MEMBER)
  • GARY DEWEY (BOARD MEMBER)
  • SAMANTHA CAMERON (BOARD MEMBER (FORMER))

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bringing together hackers, makers, artists, geeks, and technology enthusiasts

What it reported doing in 2022

Bringing technology artists together with workshops, classes, etc

Operating model

Revenue model
Donor-supported. 84% 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

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 8
  • Transparency & Controls: 100
  • Sustainability: 23
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 8.5%; rating input score 9
  • Program expense ratio: 6.6%; rating input score 7

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -28.5%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 1.11; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0.31; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 39.2%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 26.8% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: -8.9% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -8.1% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 8.5% of revenue deployed · 6.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $10K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2019 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 9/100.
  • High — Financial Efficiency: Program expense ratio scored 7/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.