Manhattan Area Technical College Foundation (EIN 342064656) - 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

2006

Legal Domicile

Principal Officer

James Genandt

Phone

7855872800

Tax Period

2024-07-01 to 2025-06-30

Manhattan Area Technical College Foundation, founded in 2006, is a small nonprofit in the Education sector that reported $162K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $110K, a strong 68% operating margin.

Mission

The Manhattan Area Technical College Foundation supports the institutional goal of providing adequate resources to accomplish the role, scope, and mission of the institution.

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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 $161,619

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $161,619

Expense Breakdown

Grants Paid $40,609

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,609

Other Expenses $10,706

TOTAL EXPENSES $51,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$161,619	$118,988	+0.4%
Expenses	$51,315	$11,726	+3.4%
Net Income	$110,304	$107,262	+0.0%

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
Harry Watts	Board Chair	10.00	Officer Director	$0	$0	$0
Marla Brandon	Board Member	1.00	Director	$0	$0	$0
Brian Coonrod	Board Member	1.00	Director	$0	$0	$0
Dave Lewis	Board Member	1.00	Director	$0	$0	$0
James Genandt	CEO	1.00	Officer	$0	$0	$0
Cara Pritchard	CFO	1.00	Officer	$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	$161,619	$51,315	$304,354	$110,304
2021	$61,634	$35,118	$660,578	$26,516
2020	$98,168	$106,875	$634,062	$-8,707
2019	$444,654	$250,910	$642,769	$193,744

Manhattan Area Technical College Foundation