ABET FOUNDATION INC (EIN 263542581) - 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

2008

Legal Domicile

Principal Officer

ROBERT HERRICK

Phone

4103477700

Tax Period

2019-01-01 to 2019-12-31

ABET FOUNDATION INC, founded in 2008, is a small nonprofit in the Science & Technology sector that reported $114K in total revenue in fiscal year 2019. The organization ran a surplus of $22K, a strong 19% operating margin.

Mission

TO ADVANCE, PROMOTE, AND SUPPORT THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF ABET BY 1)CREATING, SUSTAINING, AND MANAGING AN ENDOWMENT FUND FOR ABET 2)ORGANIZING AND OPERATING A EDUCATIONAL SERVICE FOR DOMESTIC AND NON-DOMESTIC INSTITUTIONS AND PROGRAMS ASPIRING TO MEET ABET STANDARDS 3)ASSISTING OTHER COUNTRIES AND NON-DOMESTIC AGENCIES IN DEVELOPING ACCREDITATION SYSTEMS FOR SCIENTIFIC AND TECHNICAL EDUCATION PROGRAMS 4)SUPPORTING RESEARCH ACTIVITIES RELATED TO THE GOALS AND ACTIVITIES OF ABET 5)PROVIDING OTHER SERVICES OR ENGAGING IN ACTIVITIES THAT ARE CLOSELY RELATED IN PURPOSE OR FUNCTION TO ABET.

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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 (2019)

Revenue Breakdown

Contributions & Grants $8,225

Program Service Revenue $105,440

Investment Income $0

Other Revenue $0

TOTAL REVENUE $113,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,321

Other Expenses $91,848

TOTAL EXPENSES $91,848

Year-over-Year Comparison

	2019	2018	Change
Revenue	$113,665	$110,075	+0.0%
Expenses	$91,848	$99,530	-0.1%
Net Income	$21,817	$10,545	+1.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP BORROWMAN	DIRECTOR	0.25	Director	$0	$0	$0
ELIZABETH GLAZER	SECRETARY/TREASURER	0.60	Officer Director	$0	$0	$0
DAN BRADLEY	DIRECTOR	0.25	Director	$0	$0	$0
SARAH RAJALA	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT HERRICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID KELLY	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL MILLIGAN	EXECUTIVE DIRECTOR/CEO	1.00	Officer Director	$0	$0	$0
KARAN WATSON	DIRECTOR	0.25	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
2019	$113,665	$91,848	$275,056	$21,817
2018	$110,075	$99,530	$256,691	$10,545

ABET FOUNDATION INC