CONSORTIUM FOR MATHEMATICS AND ITS… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

KOMAL PATEL

Phone

7818627878

Tax Period

2024-01-01 to 2024-12-31

CONSORTIUM FOR MATHEMATICS AND ITS APPLICATIONS INC, founded in 1980, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $626K, a strong 18% operating margin.

Mission

TO IMPROVE MATHEMATICS EDUCATION FOR STUDENTS OF ALL AGES BY CREATING LEARNING ENVIRONMENTS DESIGNED TO INCREASE STUDENT PROFICIENCY IN USING MATHEMATICS TO INVESTIGATE AND MODEL REAL WORLD ISSUES IN OUR WORLD.

Program Service Accomplishments

Program 1

Expenses: $1,584,677 Revenue: $3,125,000

CONTESTS (MODELING CONTEST IN MATH): THE ORGANIZATION RUNS SEVERAL INTERNATIONAL CONTESTS FOR STUDENTS, EACH PROVIDING OPPORTUNITIES FOR TEAMS OF STUDENTS TO COLLABORATE ON AN OPEN ENDED MATHEMATICAL MODELING PROBLEM. THESE COMPETITIONS ATTRACT 30,000 TEAM ENTRIES ANNUALLY FROM AROUND THE WORLD. THE MATHEMATICAL CONTEST IN MODELING AND THE INTERDISCIPLINARY CONTEST IN MODELING ARE FOR TEAMS OF UP TO THREE UNDERGRADUATE STUDENTS, WHEREAS THE MIDDLE MATHEMATICAL CONTEST IN MODELING AND HIGH SCHOOL. MATHEMATICAL CONTEST IN MODELING ARE FOR TEAMS OF UP TO FOUR MIDDLE- OR HIGH-SCHOOL AGED STUDENTS. THE INTERNATIONAL MATHEMATICAL MODELING CHALLENGE ALLOWS TWO TEAMS FROM EACH PARTICIPATING COUNTRY/REGION TO COMPETE. TEAMS WORK TO SOLVE A REAL-WORLD APPLICATION PROBLEM AND SUBMIT A REPORT THAT IS EVALUATED BY PANELS OF EXPERT JUDGES. STUDENTS DEVELOP INTERPERSONAL SKILLS THROUGH TEAMWORK, DEVELOP TECHNICAL WRITING AND COMMUNICATION SKILLS, AND DEVELOP THEIR PROBLEM SOLVING ACUMEN.

Program 2

Expenses: $247,810 Revenue: $98,566

PUBLIC INFORMATION, DISSEMINATION AND OUTREACH SALES AND MARKETING EFFORTS WHICH FOCUS ON PROMOTING MATHEMATICS AND ITS APPLICATIONS THROUGH WEBSITE - SOCIAL MEDIA, AND OUTREACH AT CONFERENCES.

Program 3

Expenses: $115,116

COMAP FUNDS RESEARCH AND DEVELOPMENT ACTIVITIES SUCH AS BUILDING COMMUNITIES THAT SUPPORT MATH MODELING AND CREATION OF PROFESSIONAL DEVELOPMENT ACTIVITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,225

Program Service Revenue $3,204,448

Investment Income $335,360

Other Revenue $19,118

TOTAL REVENUE $3,565,151

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $1,101,264

Fundraising Expenses $0

Program Expenses $1,947,603

Other Expenses $1,798,295

TOTAL EXPENSES $2,939,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,565,151	$2,959,361	+0.2%
Expenses	$2,939,559	$3,186,890	-0.1%
Net Income	$625,592	$-227,529	-3.7%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$706,433

Total Directors

$507,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN GALLUZZO	EXECUTIVE DIRECTOR - BEG 07/24	35.00	Officer Director	$113,879	$29,814	$143,693
CATHERINE ROBERTS	CEO	35.00	Officer Director	$322,137	$41,210	$363,347
DIANE J BRIARS	CLERK	5.00	Officer Director	$0	$0	$0
ERIC ROBINSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
TOM FERRIO	TREASURER	5.00	Officer Director	$0	$0	$0
RUFUS GLASPER	CLERK - BEG 11/24	5.00	Officer Director	$0	$0	$0
MARIA HERNANDEZ	TRUSTEE	5.00	Director	$0	$0	$0
DAVE KUNG	TRUSTEE	5.00	Director	$0	$0	$0
STEVE RASMUSSEN	TRUSTEE	5.00	Director	$0	$0	$0
LAURA WATKINS	TRUSTEE	5.00	Director	$0	$0	$0
KOMAL PATEL	DIRECTOR OF FINANCE	35.00	Officer	$157,442	$41,951	$199,393
JOHN TOMICEK	DIRECTOR OF IT AND CONTEST COORDINATOR	35.00	Highest	$124,485	$34,991	$159,476

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	$3,565,151	$2,939,559	$7,132,551	$625,592
2023	$2,959,361	$3,186,890	$6,205,399	$-227,529
2022	$3,279,807	$2,909,409	$6,013,387	$370,398
2021	$3,206,782	$2,617,437	$6,574,967	$589,345
2020	$2,662,459	$2,405,004	$5,681,335	$257,455
2019	$3,185,915	$2,455,622	$4,730,371	$730,293
2018	$2,252,308	$2,262,422	$3,743,682	$-10,114

CONSORTIUM FOR MATHEMATICS AND ITS APPLICATIONS INC