PAPER TECHNOLOGY FOUNDATIONINC (EIN 381691181) - 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

1958

Legal Domicile

Principal Officer

THOMAS DAVID

Phone

2693872365

Tax Period

2024-07-01 to 2025-06-30

PAPER TECHNOLOGY FOUNDATIONINC, founded in 1958, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $334K, a strong 20% operating margin.

Mission

TO SUPPORT PAPER ENGINEERING AT WESTERN MICHIGAN UNIVERSITY. THE PAPER TECHNOLOGY FOUNDATION, INC. SUPPORTS UNDERGRADUATE STUDENT DEVELOPMENT BY PROVIDING SCHOLARSHIPS AND BY FUNDING PROFESSIONAL INDUSTRY CONFERENCE ATTENDANCE, PROFESSIONAL AND PERSONAL DEVELOPMENT TRAINING SESSIONS, NETWORKING AND MENTORING EVENTS WITH INDUSTRY LEADERS, CAREER DEVELOPMENT, AND INDUSTRY FIELD TRIPS AND MILL TOURS.

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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 $1,122,660

Program Service Revenue $0

Investment Income $529,351

Other Revenue $11,315

TOTAL REVENUE $1,663,326

Expense Breakdown

Grants Paid $858,805

Salaries & Benefits $218,267

Fundraising Expenses $181,512

Program Expenses $1,049,392

Other Expenses $252,706

TOTAL EXPENSES $1,329,778

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,663,326	$1,138,376	+0.5%
Expenses	$1,329,778	$799,832	+0.7%
Net Income	$333,548	$338,544	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

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

$626,879

Total Directors

$1,650,230

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE MYERS	TRUSTEE	0.25	Director	$0	$0	$0
THOMAS DAVID	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANICE J VAN DER KLEY	TREASURER	1.00	Officer Director	$0	$48,660	$370,154
COLLEEN SCARFF	ASST. TREASU	1.00	Officer Director	$0	$41,463	$256,725
MARK ZEMPEL	PRESIDENT -	1.00	Officer Director	$0	$0	$0
LESLIE MCLAIN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
EDWARD B MONTGOMERY	TRUSTEE	1.00	Director	$0	$130,123	$661,703
STEVE BUTT	TRUSTEE	1.00	Director	$0	$52,685	$361,648
MIKE FARRELL	TRUSTEE	0.25	Director	$0	$0	$0
CALVIN BEMBRY	TRUSTEE	0.25	Director	$0	$0	$0
ROBERT A HANSEN	TRUSTEE	0.25	Director	$0	$0	$0
JEFF ESSER	TRUSTEE	0.25	Director	$0	$0	$0
NICK KAPSA	TRUSTEE	0.25	Director	$0	$0	$0
GREG WELSCH	TRUSTEE	0.25	Director	$0	$0	$0
LARRY ANKER	TRUSTEE	0.25	Director	$0	$0	$0
WILLIAM CONE	TRUSTEE	0.25	Director	$0	$0	$0
ALAN REYNOLDS	TRUSTEE	0.25	Director	$0	$0	$0
DEREK DEPUYDT	TRUSTEE	0.25	Director	$0	$0	$0
DEREK MADDOX	TRUSTEE	0.25	Director	$0	$0	$0
MEGGAN HOSTETLER-SCHROCK	TRUSTEE	0.25	Director	$0	$0	$0
BRYAN MOORE	TRUSTEE	0.25	Director	$0	$0	$0
MATT ERICKSON	TRUSTEE	0.25	Director	$0	$0	$0
PAUL DEHAAN	TRUSTEE	0.25	Director	$0	$0	$0
JOSH JELENEK	TRUSTEE	0.25	Director	$0	$0	$0
KRAIG MELIN	TRUSTEE	0.25	Director	$0	$0	$0
LEO BISCH III	TRUSTEE	0.25	Director	$0	$0	$0
ERIC BOCK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHARLES DETIEGE	TRUSTEE	0.25	Director	$0	$0	$0
SCOTT VARNEY	TRUSTEE	0.25	Director	$0	$0	$0
TIM HAGENBUCH	TRUSTEE	0.25	Director	$0	$0	$0
VINNY KRELL	TRUSTEE	0.25	Director	$0	$0	$0
JEN LECHLITNER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BRIAN SCHELLER	TRUSTEE	0.25	Director	$0	$0	$0
BRUCE YI	TRUSTEE	0.25	Director	$0	$0	$0
JOHN ACKER	TRUSTEE	0.25	Director	$0	$0	$0
JACOB CARPENTER	TRUSTEE	0.25	Director	$0	$0	$0
STEVE RACZEK	TRUSTEE	0.25	Director	$0	$0	$0
RAY SHIRLEY	TRUSTEE	0.25	Director	$0	$0	$0
THOMAS DAVID	TRUSTEE	0.25	Director	$0	$0	$0
ROCKY MATUSKA	TRUSTEE	0.25	Director	$0	$0	$0
KECHENG LI	TRUSTEE	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
2025	$1,663,326	$1,329,778	$6,977,366	$333,548
2024	$1,138,376	$799,832	$6,423,771	$338,544
2023	$940,331	$995,166	$5,758,335	$-54,835
2022	$1,165,888	$1,978,800	$5,477,468	$-812,912
2021	$1,473,729	$444,527	$7,122,847	$1,029,202
2020	$564,041	$869,460	$5,589,351	$-305,419
2019	$1,253,493	$1,289,305	$6,180,046	$-35,812

PAPER TECHNOLOGY FOUNDATIONINC