PRECISION METALFORMING ASSOCIATION EDUCATIONAL FOUNDATION

EIN: 341332388 501(c)(3) Science & Technology

INDEPENDENCE, OH

Total Revenue
$218,743
Total Expenses
$256,814
Total Assets
$2,331,294
Net Assets
$2,323,481
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
OH
Principal Officer
MARK GETSAY
Phone
2169018800
Tax Period
2024-04-01 to 2025-03-31

PRECISION METALFORMING ASSOCIATION EDUCATIONAL FOUNDATION, founded in 1980, is a small nonprofit in the Science & Technology sector that reported $219K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $257K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO ENHANCE THE SUPPLY OF SKILLED WORKERS BY SUPPORTING TRAINING AND EDUCATION PROGRAMS AND BY IMPROVING THE PUBLIC IMAGE AND AWARENESS OF CAREERS IN METALFORMING.

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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 $71,415
Program Service Revenue $0
Investment Income $147,328
Other Revenue $0
TOTAL REVENUE $218,743

Expense Breakdown

Grants Paid $182,434
Salaries & Benefits $34,936
Fundraising Expenses $0
Program Expenses $247,435
Other Expenses $39,444
TOTAL EXPENSES $256,814

Year-over-Year Comparison

2024 2023 Change
Revenue $218,743 $180,396 +0.2%
Expenses $256,814 $175,193 +0.5%
Net Income $-38,071 $5,203 -8.3%
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
13
Independent Members
13
Employees
N/A
Volunteers
25

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
1
$243,417
Total Directors
14
$243,417
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK GETSAY EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $9,026 $243,417
SUZANNE MORRISON TRUSTEE 1.00
Director
$0 $0 $0
JOHN ZAWACKI TRUSTEE 1.00
Director
$0 $0 $0
JONATHAN JANKOWSKI TRUSTEE 1.00
Director
$0 $0 $0
KEN KOLMAN TRUSTEE 1.00
Director
$0 $0 $0
MARK NETZEL TRUSTEE 1.00
Director
$0 $0 $0
JEFF FREDLINE TRUSTEE 1.00
Director
$0 $0 $0
KARA WILLIAMS TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY CLARK TRUSTEE 1.00
Director
$0 $0 $0
JEFF AZNAVORIAN TRUSTEE 1.00
Director
$0 $0 $0
JODY FLEDDERMAN TRUSTEE 1.00
Director
$0 $0 $0
KIMBERLY CLARKE TRUSTEE 1.00
Director
$0 $0 $0
RICH WAGY TRUSTEE 1.00
Director
$0 $0 $0
GREG SMITH TRUSTEE 1.00
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 $218,743 $256,814 $2,331,294 $-38,071
2024 $180,396 $175,193 $2,406,980 $5,203
2023 $164,709 $342,973 $2,305,422 $-178,264
2022 $263,868 $173,379 $2,730,586 $90,489
2021 $75,756 $126,176 $2,666,321 $-50,420
2020 $163,672 $239,355 $2,182,997 $-75,683
2019 $612,441 $820,915 $2,665,760 $-208,474
2018 $689,511 $951,966 $2,744,149 $-262,455
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