HEALTH & TECHNOLOGY TRAINING INSTITUTE

EIN: 232854079 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$712,757
Total Expenses
$605,089
Total Assets
$409,643
Net Assets
$368,963
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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
1993
Legal Domicile
PA
Principal Officer
JENNIFER HERRMANN
Phone
2155682220
Tax Period
2024-07-01 to 2025-06-30

HEALTH & TECHNOLOGY TRAINING INSTITUTE, founded in 1993, is a small nonprofit in the Education sector that reported $713K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 15% operating margin.

Mission

TO PROVIDE TRAINING TO IMPROVE THE HEALTHCARE WORKFORCE.

Program Service Accomplishments

Program 1
Expenses: $467,894 Revenue: $663,849

CONDUCTS ONGOING RESEARCH INTO THE WORKFORCE NEEDS OF HOSPITALS AND OTHER HEALTHCARE INSTITUTIONS. THE INSTITUTE PROVIDES THE LPN AND CNA CERTIFICATIONS AND OTHER TRAINING TO HEALTHCARE PROFESSIONALS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $224,460
Program Service Revenue $488,237
Investment Income $60
Other Revenue $0
TOTAL REVENUE $712,757

Expense Breakdown

Grants Paid $0
Salaries & Benefits $311,637
Fundraising Expenses $0
Program Expenses $467,894
Other Expenses $293,452
TOTAL EXPENSES $605,089

Year-over-Year Comparison

2024 2023 Change
Revenue $712,757 $444,050 +0.6%
Expenses $605,089 $669,472 -0.1%
Net Income $107,668 $-225,422 -1.5%
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

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Governance

Voting Members
6
Independent Members
6
Employees
16
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
0
$0
Total Directors
11
$115,157
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER MCADAMS-HERRMANN EXECUTIVE DIRECTOR 2.00
Director
$0 $66,978 $115,157
JOHN HUNDZYNSKI CO-CHAIR/UNION TRUSTEE (P) 2.00
Director
$0 $0 $0
DIONNE RIDDICK-GARY CO-CHAIR/UNION TRUSTEE 2.00
Director
$0 $0 $0
CHERYL WHITFIELD CO-CHAIR/EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
ROXANNE CREWS UNION TRUSTEE 2.00
Director
$0 $0 $0
CHERYL DEVOSE EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
ELYSE FORD UNION TRUSTEE 2.00
Director
$0 $0 $0
JOHN LASKY EMPLOYER TRUSTEE (P) 2.00
Director
$0 $0 $0
TIFFANY PATTERSON UNION TRUSTEE 2.00
Director
$0 $0 $0
CLARESE WALKER UNION TRUSTEE (P) 2.00
Director
$0 $0 $0
CASSANDRA WRIGHT EMPLOYER TRUSTEE (P) 2.00
Director
$0 $0 $0
MICHAEL WESTOVER EMPLOYEE 0.00
Highest
$0 $70,246 $203,746
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
2025 $712,757 $605,089 $409,643 $107,668
2024 $444,050 $669,472 $301,805 $-225,422
2023 $788,682 $734,530 $671,471 $54,152
2022 $685,029 $632,278 $562,319 $52,751
2021 $602,591 $663,453 $534,093 $-60,862
2020 $611,550 $606,109 $670,783 $5,441
2019 $609,975 $592,811 $526,044 $17,164
2018 $669,008 $637,571 $499,338 $31,437
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