HEALTH & TECHNOLOGY TRAINING INSTITUTE (EIN 232854079) - Form 990 Financial Analysis & Trantor Score

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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

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 IMPROVE THE HEALTHCARE WORKFORCE.

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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 (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

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

$115,157

Key Employees

Highest Compensated

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

HEALTH & TECHNOLOGY TRAINING INSTITUTE