The Rochester Technology & Manufac… - Form 990 Financial Data

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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

1945

Legal Domicile

Principal Officer

Tricia Wittreich

Phone

5855106557

Tax Period

2023-01-01 to 2023-12-31

The Rochester Technology & Manufacturing Assoc Inc, founded in 1945, is a small nonprofit that reported $842K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $134K, a strong 16% operating margin.

Mission

THE ROCHESTER TECHNOLOGY & MANUFACTURING ASSOCIATION PROMOTES ADVANCED MANUFACTURING INNOVATION AND GROWTH IN THE GREATER ROCHESTER-FINGER LAKES REGION BY PARTNERING WITH INDUSTRY, ACADEMIA AND GOVERNMENT.

Program Service Accomplishments

Program 1

Expenses: $110,795

ROCHESTER GAS & ELECTRIC (RG&E) ECONOMIC DEVELOPMENT OUTREACH PROGRAM TO SUPPORT MARKETING ACTIVITIES PROMOTING CAREERS IN MANUFACTURING ALONG WITH APPRENTICESHIP PROGRAMS AT MONROE COMMUNICTY...

ROCHESTER GAS & ELECTRIC (RG&E) ECONOMIC DEVELOPMENT OUTREACH PROGRAM TO SUPPORT MARKETING ACTIVITIES PROMOTING CAREERS IN MANUFACTURING ALONG WITH APPRENTICESHIP PROGRAMS AT MONROE COMMUNICTY COLLEGE TO HELP FILL JOB VACANCIES AND OPENINGS IN THE MANUFACTURING SECTOR.

Program 2

Expenses: $149,500

A CONTRACT BETWEEN THE MANUFACTURERS ASSOCIATION OF CENTRAL NEW YORK (MACNY) AND ROCHESTER TECHNOLOGY AND MANUFACTURING ASSOCIATION (RTMA) FOR THE RTMA TO ACT AS THE INTERMEDIARY SPONSOR IN...

A CONTRACT BETWEEN THE MANUFACTURERS ASSOCIATION OF CENTRAL NEW YORK (MACNY) AND ROCHESTER TECHNOLOGY AND MANUFACTURING ASSOCIATION (RTMA) FOR THE RTMA TO ACT AS THE INTERMEDIARY SPONSOR IN IMPLEMENTING APPRENTICESHIP PROGRAMS FOR MANUFACTURERS IN THE GREATER ROCHESTER AREA. THE INTENT IS TO PROVIDE SKILLED LABOR IN CRITICAL AREAS.

Program 3

Expenses: $372,657 Revenue: $372,431

MACNY NY COLLEGES APPRENTICESHI[ NETWORK GRANT, MEMBERSHIP FUNCTIONS, HEALTH INSURANCE COMMISSIONS, PROGRAM SPONSORSHIPS, VALUE ADDED PROGRAM INCOME, ADVERTISING, APPRENTICESHIP PROGRAM FEES...

MACNY NY COLLEGES APPRENTICESHI[ NETWORK GRANT, MEMBERSHIP FUNCTIONS, HEALTH INSURANCE COMMISSIONS, PROGRAM SPONSORSHIPS, VALUE ADDED PROGRAM INCOME, ADVERTISING, APPRENTICESHIP PROGRAM FEES, EMPLOYEE PLACEMENT FEES, ALONG WITH MEETINGS AND PROMOTION AND MARKETING TO PROMOTE AND UNITE THE TOOLING AND MANUFACTURING INDUSTRY IN UPSTATE NEW YORK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $465,777

Program Service Revenue $304,652

Investment Income $58,542

Other Revenue $13,421

TOTAL REVENUE $842,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $407,992

Fundraising Expenses $0

Program Expenses $632,952

Other Expenses $300,260

TOTAL EXPENSES $708,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$842,392	$728,332	+0.2%
Expenses	$708,252	$649,493	+0.1%
Net Income	$134,140	$78,839	+0.7%

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

Volunteers

N/A

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

Total Directors

$141,018

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB COYNE	EXECUTIVE DIRECTOR	40.00	Director	$140,571	$447	$141,018
ROBERT BETTIN	DIRECTOR	2.00	Director	$0	$0	$0
TOM ROSS	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN SYDOR	DIRECTOR	2.00	Director	$0	$0	$0
LISA SCHAEFFER	DIRECTOR	2.00	Director	$0	$0	$0
COURTNEY KONNELL	DIRECTOR	2.00	Director	$0	$0	$0
ROB BECHTOLD	DIRECTOR	2.00	Director	$0	$0	$0
TODD HOCKENBERGER	PRESIDENT	2.00	Officer	$0	$0	$0
WENDY SMITH	VICE PRESIDENT	2.00	Officer	$0	$0	$0
SCOTT NOLEN	TREASURER	2.00	Officer	$0	$0	$0
MICHAEL HYMAN	SECRETARY	2.00	Officer	$0	$0	$0

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	No data	No data	No data	No data
2023	$842,392	$708,252	$2,046,333	$134,140
2021	$903,441	$585,300	$1,906,589	$318,141
2020	$584,436	$669,558	$1,650,429	$-85,122
2019	$745,201	$640,048	$1,652,933	$105,153
2018	$616,298	$510,769	$1,514,372	$105,529

The Rochester Technology & Manufacturing Assoc Inc