PLYMOUTH, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INDUSTRIAL TECHNOLOGY INSTITUTE, founded in 1981, is a mid-sized nonprofit that reported $13.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $12.8M left a modest 5% surplus.
TO ENHANCE THE GLOBAL COMPETITIVENESS OF MICHIGAN'S SMALL TO MEDIUM-SIZED MANUFACTURERS.
INDUSTRIAL TECHNOLOGY INSTITUTE (ITI) DOING BUSINESS AS MICHIGAN MANUFACTURING TECHNOLOGY CENTER (MMTC), HAS SECURED GRANT FUNDING FROM THE U.S. DEPARTMENT OF COMMERCE AGENCY NATIONAL INSTITUTE OF...
INDUSTRIAL TECHNOLOGY INSTITUTE (ITI) DOING BUSINESS AS MICHIGAN MANUFACTURING TECHNOLOGY CENTER (MMTC), HAS SECURED GRANT FUNDING FROM THE U.S. DEPARTMENT OF COMMERCE AGENCY NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST) UNDER THE PROGRAM MANUFACTURING EXTENSION PARTNERSHIP (MEP). THE FOCUS OF THE GRANT IS PRIMARILY TO PROVIDE COURSES AND CONSULTING TO SMALL AND MEDIUM SIZE MANUFACTURERS WITHIN THE ENTIRE STATE OF MICHIGAN. THE COURSES ARE UPDATED ANNUALLY TO ADDRESS THE MANUFACTURING INDUSTRY'S DEVELOPMENT. THE COURSES CONSIST OF INDUSTRY QUALITY STANDARDS, TECHNIQUES TO ATTAIN EFFICIENCY, PROGRAM MANAGEMENT, LEADERSHIP TRAINING AND STRATEGIC CONSULTING. CLIENTS COMPLETING POST-PROJECT SURVEYS IN 2024 CREDITED THEIR MMTC PROJECTS WITH CREATED SALES OF $158.5 MILLION, RETAINED SALES OF $449.2 MILLION, JOBS CREATED AND RETAINED 4,949, NEW INVESTMENTS OF $104.6 MILLION, AND COST SAVINGS OF $29.1 MILLION.
MMTC HAS SECURED GRANT FUNDING FROM THE STATE OF MICHIGAN UNDER THE AGENCY MICHIGAN STRATEGIC FUND (MSF) AND THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC) PROGRAM. THE GRANT FUNDING SUPPORTS...
MMTC HAS SECURED GRANT FUNDING FROM THE STATE OF MICHIGAN UNDER THE AGENCY MICHIGAN STRATEGIC FUND (MSF) AND THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC) PROGRAM. THE GRANT FUNDING SUPPORTS MMTC TO PROVIDE MICHIGAN MANUFACTURERS COURSES IN REGARDS OF INDUSTRY QUALITY STANDARDS, TECHNIQUES TO ATTAIN EFFICIENCY, PROGRAM MANAGEMENT, LEADERSHIP TRAINING AND STRATEGIC CONSULTING, TECHNOLOGY ROADSHOWS AND INDUSTRY 4.0 PARTNERSHIPS.
MMTC PROVIDES WORKFORCE DEVELOPMENT COURSES TO EMPLOYEES WHO ARE EMPLOYED IN THE MANUFACTURING INDUSTRY WITHIN THE STATE OF MICHIGAN. AFTER THE COMPLETION OF THE WORKFORCE DEVELOPMENT COURSES, THESE...
MMTC PROVIDES WORKFORCE DEVELOPMENT COURSES TO EMPLOYEES WHO ARE EMPLOYED IN THE MANUFACTURING INDUSTRY WITHIN THE STATE OF MICHIGAN. AFTER THE COMPLETION OF THE WORKFORCE DEVELOPMENT COURSES, THESE EMPLOYERS CAN THEN CONTACT THE STATE OF MICHIGAN AGENCY, LABOR AND ECONOMIC DEVELOPMENT (LEO) TO REQUEST FUNDING FOR THE WORKFORCE DEVELOPMENT COURSE UNDER THE GOING PRO TALENT FUND (GPTF) PROGRAM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $13,431,374 | $12,020,912 | +0.1% |
| Expenses | $12,780,031 | $11,696,524 | +0.1% |
| Net Income | $651,343 | $324,388 | +1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TOM KELLY | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHAEL DAVENPORT | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| PATRICK CURRY | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| NATALIE CHMIKO | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| CARLA BAILO | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| ED TERRIS | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHAEL J COAST | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| RYAN SCHULTZ | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| HEIDI DEVROY | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| MATT MCCAULEY | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| DR KRISTIN STEHOUWER PHD | BOARD MEMBER - PART YEAR | 0.50 |
Director
|
$0 | $0 | $0 |
| INGRID TIGHE | PRESIDENT, MMTC | 40.00 |
Officer
|
$273,467 | $16,891 | $290,358 |
| ALAN KOWALEWSKI | CONTROLLER | 40.00 |
Officer
|
$121,093 | $7,734 | $128,827 |
| JAMES GORMAN | VICE PRESIDENT, BUSINESS DEVELOPMENT | 40.00 |
Key Emp
|
$174,805 | $42,691 | $217,496 |
| TINA HURITE | VICE PRESIDENT, OPERATIONS | 40.00 |
Key Emp
|
$174,875 | $43,943 | $218,818 |
| GEORGE SINGOS | BUSINESS LEADER ADVISOR | 40.00 |
Highest
|
$170,818 | $43,161 | $213,979 |
| CHUCK RAYMOND WERNER | MANAGER OPERATIONAL EXCELLENCE | 40.00 |
Highest
|
$191,338 | $44,033 | $235,371 |
| MICHAEL BEELS | PROGRAM MANAGER, LEAN | 40.00 |
Highest
|
$178,447 | $38,920 | $217,367 |
| ROBERT S STAUFFER | SR LEAN COSTING & PROJ. MANAGER | 40.00 |
Highest
|
$171,598 | $38,425 | $210,023 |
| ROBERT SCIPIONE | MANUFACTURING SERVICES MANAGER | 40.00 |
Highest
|
$167,811 | $10,176 | $177,987 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $13,431,374 | $12,780,031 | $11,390,540 | $651,343 |
| 2023 | $12,020,912 | $11,696,524 | $11,308,431 | $324,388 |
| 2022 | $13,199,043 | $12,627,977 | $11,116,629 | $571,066 |
| 2021 | $15,258,342 | $13,607,348 | $9,189,053 | $1,650,994 |
| 2020 | $10,484,047 | $10,399,138 | $6,890,265 | $84,909 |
| 2019 | $11,818,120 | $11,257,686 | $7,233,697 | $560,434 |
| 2018 | $11,312,927 | $11,198,081 | $6,891,759 | $114,846 |
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