Project Lead the Way Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

DR VINCE BERTRAM

Phone

3176690200

Tax Period

2018-07-01 to 2019-06-30

Project Lead the Way Inc, founded in 1999, is a mid-sized nonprofit that reported $55.4M in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $67.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

PROJECT LEAD THE WAY (PLTW) EMPOWERS STUDENTS TO THRIVE IN AN EVOLVING WORLD.

Program Service Accomplishments

Program 1

Expenses: $58,253,550 Revenue: $43,328,793

PLTW PROVIDES A TRANSFORMATIVE LEARNING EXPERIENCE FOR K-12 STUDENT AND TEACHERS ACROSS THE U.S. THROUGH OUR PATHWAYS IN COMPUTER SCIENCE, ENGINEERING, AND BIOMEDICAL SCIENCE. PLTW EMPOWERS STUDENTS TO DEVELOP IN-DEMAND KNOWLEDGE AND SKILLS NECESSARY TO THRIVE IN AN EVOLVING WORLD, AND PROVIDES TEACHERS WITH THE SUPPORT AND RESOURCES THEY NEED TO DEVOTE MORE TIME TO INSPIRING STUDENTS. PLTW STUDENTS AND TEACHERS FIND ADDITIONAL SUPPORT FROM OUR LARGER NETWORK OF PRE K-12 SCHOOLS, ADMINISTRATORS, COLLEGES AND UNIVERSITIES, AND CORPORATE AND PHILANTHROPIC PARTNERS ACROSS THE COUNTRY UNITED AROUND A PASSION FOR PROVIDING STUDENTS WITH INSPIRING, ENGAGING, AND EMPOWERING LEARNING OPPORTUNITIES.

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Trantor Score

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

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

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $11,672,276

Program Service Revenue $28,296,930

Investment Income $318,418

Other Revenue $15,070,177

TOTAL REVENUE $55,357,801

Expense Breakdown

Grants Paid $10,837,295

Salaries & Benefits $29,642,444

Fundraising Expenses $2,074,629

Program Expenses $58,253,550

Other Expenses $26,692,099

TOTAL EXPENSES $67,171,838

Year-over-Year Comparison

	2018	2017	Change
Revenue	$55,357,801	$49,279,244	+0.1%
Expenses	$67,171,838	$48,510,555	+0.4%
Net Income	$-11,814,037	$768,689	-16.4%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

282

Volunteers

332

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

$1,825,920

Total Directors

$839,332

Key Employees

$1,587,298

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCE BERTRAM ED D	CHIEF EXECUTIVE OFFICER	50.0	Officer Director	$778,996	$60,336	$839,332
FRANK ZAFFINO	CHAIRMAN	5.0	Officer Director	$0	$0	$0
JAMES RAHN	SECRETARY	5.0	Officer Director	$0	$0	$0
KURT LIEBICH	DIRECTOR	5.0	Director	$0	$0	$0
EUNICE HEATH	DIRECTOR	5.0	Director	$0	$0	$0
CHRIS BRADSHAW	DIRECTOR	5.0	Director	$0	$0	$0
Nick Ragone	DIRECTOR	5.0	Director	$0	$0	$0
JOHN CALABRESE	DIRECTOR	5.0	Director	$0	$0	$0
STEPHANIE HILL	DIRECTOR (END 3/19)	5.0	Director	$0	$0	$0
JOHN VISCONTI	CHIEF FINANCIAL OFFICER	50.0	Officer	$344,832	$46,633	$391,465
MICHELLE GOUGH JD PH D	CHIEF LEGAL/ASSESSMENT OFFICER	50.0	Officer	$298,086	$25,832	$323,918
GLADE MONTGOMERY PH D	CHIEF OF STAFF	50.0	Officer	$233,075	$38,130	$271,205
DAVID DIMMETT ED D	CHIEF ENGAGEMENT OFFICER	50.0	Key Emp	$309,443	$43,612	$353,055
DAVID GREER	CHIEF PROGRAM OFFICER	50.0	Key Emp	$289,637	$43,723	$333,360
REX BOLINGER ED D	CHIEF PARTNERSHIPS OFFICER	50.0	Key Emp	$298,932	$41,346	$340,278
DOROTHY GORMAN	CHIEF OPERATIONS OFFICER	50.0	Key Emp	$244,264	$40,145	$284,409
JONATHAN DILLEY	CHIEF TALENT OFFICER	50.0	Key Emp	$237,823	$38,373	$276,196
ROBIN SCHOTT	VICE PRESIDENT OF ENGAGEMENT	50.0	Highest	$209,872	$36,738	$246,610
TERRI SCHULZ	VICE PRESIDENT OF ENGAGEMENT	50.0	Highest	$196,460	$33,049	$229,509
ROCCO VALADEZ	VICE PRESIDENT OF ENGAGEMENT	50.0	Highest	$187,509	$28,628	$216,137
LANA KROFT	VICE PRESIDENT OF FINANCE	50.0	Highest	$154,657	$27,806	$182,463
sam cox	VICE PRESIDENT OF OPERATIONS	50.0	Highest	$168,934	$27,572	$196,506

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
2019	$55,357,801	$67,171,838	No data	$-11,814,037