NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE ASME FOUNDATION INC, founded in 1986, is a community nonprofit in the Science & Technology sector that reported $4.7M in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $798K, a strong 17% operating margin.
THE ASME FOUNDATION, INC. THROUGH GENEROUS SUPPORT OF THE ENGINEERING COMMUNITY, FUNDS PROGRAMS IN K-12 STEM EDUCATION, STUDENT AND EARLY CAREER DEVELOPMENT, ENGINEERING FOR GLOBAL DEVELOPMENT, AND PUBLIC POLICY.
SCHOLARSHIPS: ASME IS COMMITED TO ENSURING THAT TOMORROW'S ENGINEERING LEADERS HAVE THE TALENT AND EDUCATION TO SOLVE THE UNIQUE CHALLENGES OF TOMORROW. BY AWARDING SCHOLARSHIPS TO THE BRIGHTEST...
SCHOLARSHIPS: ASME IS COMMITED TO ENSURING THAT TOMORROW'S ENGINEERING LEADERS HAVE THE TALENT AND EDUCATION TO SOLVE THE UNIQUE CHALLENGES OF TOMORROW. BY AWARDING SCHOLARSHIPS TO THE BRIGHTEST, MOST PROMISING MECHANICAL ENGINEERING STUDENTS IN NEED, THE ASME FOUNDATION, INC. IS WORKING TOWARDS A FUTURE WHERE ENGINEERING CHANGEMAKERS ARE AS DIVERSE AS THE COMMUNITIES THEY TRANSFORM THROUGH INNOVATION. IN FISCAL YEAR 2023 WE AWARDED OVER $629,809 TO 176 DESERVING STUDENTS.
FEDERAL FELLOWS AND GLOBAL DEVELOPMENT: AS PART OF A CONTINUED EFFORT TO HELP ENGINEERS PLAY CRITICAL ROLES AS ADVISORS, RESEARCHERS, AND TEACHERS, THE ASME FOUNDATION, INC. SUPPORTED 10 FELLOWSHIPS...
FEDERAL FELLOWS AND GLOBAL DEVELOPMENT: AS PART OF A CONTINUED EFFORT TO HELP ENGINEERS PLAY CRITICAL ROLES AS ADVISORS, RESEARCHERS, AND TEACHERS, THE ASME FOUNDATION, INC. SUPPORTED 10 FELLOWSHIPS. INCLUDED ARE: GRADUATE TEACHING FELLOWS WHO ARE OUTSTANDING DOCTORAL CANDIDATES IN MECHANICAL ENGINEERING EDUCATION, ENGINEERING FOR CHANGE RESEARCH FELLOWS WHO SOLVE CRITICAL QUALITY-OF-LIFE CHALLENGES IN UNDERSERVED COMMUNITIES, AND FEDERAL FELLOWS WHO SERVED IN EXECUTIVE AND LEGISLATIVE BRANCHES OF THE FEDERAL GOVERNMENT AND ADVISE ON ENERGY, MANUFACTURING, INFRASTRUCTURE, AND TECHNOLOGY.
STEM: IN ORDER TO SPARK A PASSION FOR STEM IN YOUTH, PROVIDING STUDENTS WITH A DYNAMIC LOOK AT THE WORLD OF ENGINEERING INNOVATION IS A CRITICAL FIRST STEP TO A REWARDING, FULLFILLING CAREER IN THE...
STEM: IN ORDER TO SPARK A PASSION FOR STEM IN YOUTH, PROVIDING STUDENTS WITH A DYNAMIC LOOK AT THE WORLD OF ENGINEERING INNOVATION IS A CRITICAL FIRST STEP TO A REWARDING, FULLFILLING CAREER IN THE FIELD. ASME FOUNDATION, INC. SUPPORTS INITIATIVES IN K-12 SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM); UNIVERSITY STUDENT & EARLY CAREER DEVELOPMENT; INCLUDING INSPIRE. INSPIRE IS A UNIQUE DIGITAL PLATFORM THAT UTILIZES DIGITAL TOOLS LIKE GAMING AND VIRTUAL SIMULATIONS TO TEACH CRITICAL, CAREER-FOCUSED TECHNOLOGY AND CODING SKILLS WHILE EXPOSING STUDENTS TO STEM OPPORTUNITIES THAT THEY MIGHT NEVER HAVE DREAMED WERE WITHIN THEIR REACH. DURING ITS SEVENTH YEAR, THE ASME INSPIRE PROGRAMS WERE MADE AVAILABLE TO OVER 100,000 STUDENTS IN OVER 1,300 SCHOOLS IN ALL 50 STATES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $4,680,772 | $6,696,684 | -0.3% |
| Expenses | $3,882,309 | $2,717,248 | +0.4% |
| Net Income | $798,463 | $3,979,436 | -0.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THOMAS COSTABILE | DIRECTOR,EX-OFFICIO | 2.50 |
Director
|
$0 | $119,958 | $1,179,732 |
| KATHLEEN LOBB | FORMER EXEC. DIRECTOR | 0.00 |
|
$0 | $29,874 | $437,307 |
| ANAND SETHUPATHY | FORMER INTERIM EXEC. DIRECTOR | 0.00 |
|
$0 | $34,743 | $404,541 |
| THOMAS J MEEHAN | TREASURER | 2.50 |
Officer
Director
|
$0 | $37,552 | $384,145 |
| STEPHANIE VIOLA | EXECUTIVE DIRECTOR | 2.50 |
Officer
Director
|
$0 | $52,488 | $255,950 |
| GRETCHEN CRUTCHFIELD | SECRETARY | 2.50 |
Officer
|
$0 | $18,135 | $125,460 |
| OSCAR BARTON | CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| SONYA SMITH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| FRANK ADAMEK | PAST CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $4,680,772 | $3,882,309 | $35,928,467 | $798,463 |
| 2022 | $6,696,684 | $2,717,248 | $32,698,395 | $3,979,436 |
| 2021 | $3,028,197 | $2,092,793 | $33,818,246 | $935,404 |
| 2020 | $1,897,480 | $1,596,002 | $26,496,154 | $301,478 |
| 2019 | $3,044,921 | $2,654,667 | $26,225,168 | $390,254 |
| 2018 | $5,441,199 | $2,607,474 | $25,335,656 | $2,833,725 |
Compare THE ASME FOUNDATION INC with other nonprofits in New York and across the country.