MATERIAL HANDLING EDUCATIONAL FOUNDATION INC

EIN: 251303313 501(c)(3)

CHARLOTTE, NC

Total Revenue
$726,594
Total Expenses
$297,346
Total Assets
$2,314,232
Net Assets
$2,311,280
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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
1976
Legal Domicile
PA
Principal Officer
GRAY MURRAY
Phone
7046761190
Tax Period
2024-01-01 to 2024-12-31

MATERIAL HANDLING EDUCATIONAL FOUNDATION INC, founded in 1976, is a small nonprofit that reported $727K in total revenue in fiscal year 2024. The organization ran a surplus of $429K, a strong 59% operating margin.

Mission

PROVIDE FINANCIAL SUPPORT FOR EDUCATIONAL PROGRAMS TO ENGAGE AND RETAIN TALENT FOR THE MATERIAL HANDLING, LOGISTICS AND SUPPLY CHAIN INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $237,986

UNIVERSITY SCHOLARSHIP PROGRAM - GRANTS AWARDED THROUGH EDUCATIONAL INSTITUTIONS PROVIDING MATERIAL HANDLING EDUCATION CURRICULUM FOR STUDENTS PURSUING STUDIES IN MATERIAL HANDLING, INDUSTRIAL...

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UNIVERSITY SCHOLARSHIP PROGRAM - GRANTS AWARDED THROUGH EDUCATIONAL INSTITUTIONS PROVIDING MATERIAL HANDLING EDUCATION CURRICULUM FOR STUDENTS PURSUING STUDIES IN MATERIAL HANDLING, INDUSTRIAL DISTRIBUTION, ENGINEERING, LOGISTICS, AND SUPPLY CHAIN INDUSTRIES. 61 SCHOLARSHIPS WERE AWARDED IN 2024.

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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 $664,462
Program Service Revenue $0
Investment Income $62,132
Other Revenue $0
TOTAL REVENUE $726,594

Expense Breakdown

Grants Paid $231,700
Salaries & Benefits $5,913
Fundraising Expenses $0
Program Expenses $237,986
Other Expenses $59,733
TOTAL EXPENSES $297,346

Year-over-Year Comparison

2024 2023 Change
Revenue $726,594 $721,989 +0.0%
Expenses $297,346 $256,993 +0.2%
Net Income $429,248 $464,996 -0.1%
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
23
Independent Members
23
Employees
N/A
Volunteers
23

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
6
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN NEUWIRTH PRESIDENT 0.10
Officer Director
$0 $0 $0
RYAN BARTLETT VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
SAL FATEEN LAST RETIRING PRESIDENT 0.10
Officer Director
$0 $0 $0
GRAY MURRAY TREASURER 0.30
Officer Director
$0 $0 $0
DONNA VARNER EXECUTIVE DIRECTOR 6.00
Officer Director
$0 $0 $0
ARTHUR H STROYD JR DIRECTOR & LEGAL COUNSEL 0.10
Director
$0 $0 $0
DAVID PORTER DIRECTOR 0.10
Director
$0 $0 $0
JAY ANDERSON DIRECTOR 0.10
Director
$0 $0 $0
PATTI BLESSING DIRECTOR 0.10
Director
$0 $0 $0
JAMES CABOT DIRECTOR 0.10
Director
$0 $0 $0
BRYAN JENSEN DIRECTOR 0.10
Director
$0 $0 $0
RAY NIEMEYER DIRECTOR 0.10
Director
$0 $0 $0
CRYSTAL PARROTT DIRECTOR 0.10
Director
$0 $0 $0
JOHN PAXTON DIRECTOR 0.10
Director
$0 $0 $0
MITCH SMITH DIRECTOR 0.10
Director
$0 $0 $0
JOEL THOMAS DIRECTOR 0.10
Director
$0 $0 $0
SEBASTIAN TITZE DIRECTOR 0.10
Director
$0 $0 $0
RON WURZ DIRECTOR 0.10
Director
$0 $0 $0
JAMES K ALLRED LIFETIME DIRECTOR 0.10
Director
$0 $0 $0
JOHN HILL LIFETIME DIRECTOR 0.10
Director
$0 $0 $0
WILLIAM POWELL LIFETIME DIRECTOR 0.10
Director
$0 $0 $0
ARTHUR ST ONGE LIFETIME DIRECTOR 0.10
Director
$0 $0 $0
DR JAMES TOMPKINS LIFETIME DIRECTOR 0.10
Director
$0 $0 $0
MIKE LAURENT TREASURER (TO 4/2024) 0.10
Officer Director
$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
2025 No data No data No data No data
2024 $726,594 $297,346 $2,314,232 $429,248
2023 $721,989 $256,993 $1,759,655 $464,996
2022 $205,901 $210,985 $1,162,046 $-5,084
2021 $261,279 $178,473 $1,356,131 $82,806
2020 $206,397 $149,487 $1,226,485 $56,910
2019 $224,154 $157,345 $1,062,113 $66,809
2018 $288,431 $193,306 $960,798 $95,125
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