CENTER FOR ADVANCED MANUFACTURING … - 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

2007

Legal Domicile

Principal Officer

KIRK J DAVIS

Phone

2537202226

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR ADVANCED MANUFACTURING PUGET SOUND, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $783K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

THE PRIMARY MISSION OF CAMPS IS TO PROVIDE SUPPORT AND BE THE CONNECTING POINT FOR SMALL AND MEDIUM MANUFACTURERS TO ACCESS INNOVATION, DEVELOP THEIR SUPPLY CHAIN CAPABILITIES, AND FIND SOLUTIONS TO COMMON INDUSTRY PROBLEMS. WORKFORCE ISSUES HAVE BECOME THE LARGEST AND MOST PRESSING ISSUE FOR SMALL AND MEDIUM MANUFACTURERS TO FIND QUALIFIED APPLICANTS TO FILL CRITICAL JOBS.

Program Service Accomplishments

Program 1

PROMOTE THE ADVANCEMENT OF MANUFACTURING TECHNOLOGY AND PROCESSES: MANUFACTURERS SEEK TO BE INCREASINGLY PRODUCTIVE THROUGH THE APPLICATION OF NEW MANUFACTURING TECHNOLOGIES AND IMPROVEMENT...

PROMOTE THE ADVANCEMENT OF MANUFACTURING TECHNOLOGY AND PROCESSES: MANUFACTURERS SEEK TO BE INCREASINGLY PRODUCTIVE THROUGH THE APPLICATION OF NEW MANUFACTURING TECHNOLOGIES AND IMPROVEMENT PROCESSES. CAMPS PROVIDES EDUCATIONAL OPPORTUNITIES FOR MANUFACTURERS TO MEET AND LEARN FROM MANUFACTURING EXPERTS AND FROM EACH OTHER. CAMPS PUBLISHED 26 VIDEOS ON YOUTUBE IN 2023 FEATURING MANUFACTURING TOPICS FROM EVENTS, MANUFACTURING TOURS, AND INTERVIEWS WITH MANUFACTURING LEADERS.

Program 2

MANUFACTURING WORKFORCE PIPELINE ACTIVITIES: CAMPS ENGAGES IN SEVERAL WORKFORCE PIPELINE INITIATIVES TO PROVIDE A MORE HIGHLY SKILLED WORKFORCE TO MEET THE NEEDS OF MANUFACTURERS. FOR EXAMPLE, CAMPS PRESENTS A MANUFACTURING CAREER PRESENTATION EACH MONTH AT JOINT BASE LEWIS-MCCHORD. THERE ARE BETWEEN 5 TO 10 MILITARY MEMBERS IN ATTENDANCE EACH MONTH.

Program 3

ADVANCING MANUFACTURING BEST PRACTICES: CAMPS FACILITATES FACTORY TOURS, CONFERENCES, AND TECHNICAL SESSIONS TO SHARE AND PROMOTE MANUFACTURING BEST PRACTICES BETWEEN THE MEMBERS.

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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 $10,500

Program Service Revenue $342,800

Investment Income $0

Other Revenue $429,774

TOTAL REVENUE $783,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $446,716

Fundraising Expenses $0

Other Expenses $363,999

TOTAL EXPENSES $810,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$783,074	$626,788	+0.2%
Expenses	$810,715	$755,850	+0.1%
Net Income	$-27,641	$-129,062	-0.8%

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

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

$189,928

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON BUDVARSON	PRESIDENT	0.50	Officer Director	$0	$0	$0
TODD DUNNINGTON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
NICOLE WRIGHT	TREASURER	0.50	Officer Director	$0	$0	$0
GRETCHEN REIMBOLD	SECRETARY	0.50	Officer Director	$0	$0	$0
KRISTI DUVALL	BOARD MEMBER	0.50	Director	$0	$0	$0
ELIZABETH HARRIS	BOARD MEMBER	0.50	Director	$0	$0	$0
MIKE HAGEN	BOARD MEMBER	0.50	Director	$0	$0	$0
DAN KOCER	BOARD MEMBER	0.50	Director	$0	$0	$0
RICH ROGERS	BOARD MEMBER	0.50	Director	$0	$0	$0
WENDY FLICK	BOARD MEMBER	0.50	Director	$0	$0	$0
JONATHAN HENSLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
KIRK DAVIS	EXECUTIVE DIRECTOR	40.00	Officer	$161,250	$28,678	$189,928
STACIE BUCHANAN	ASSOCIATE DIRECTOR	40.00	Highest	$110,250	$22,088	$132,338

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	$783,074	$810,715	$135,707	$-27,641
2022	$626,788	$755,850	$184,116	$-129,062
2021	$789,834	$735,473	$161,621	$54,361

CENTER FOR ADVANCED MANUFACTURING PUGET SOUND