INDUSTRIAL TECHNOLOGY INSTITUTE

EIN: 382388532 501(c)(3)

PLYMOUTH, MI

Total Revenue
$13,431,374
Total Expenses
$12,780,031
Total Assets
$11,390,540
Net Assets
$8,326,985
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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
1981
Legal Domicile
MI
Principal Officer
INGRID TIGHE
Phone
7344514211
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

MICHIGAN MANUFACTURING TECHNOLOGY CENTER PROVIDES RESEARCH-BASED TRAINING AND CONSULTING TO SMALL AND MEDIUM-SIZED MANUFACTURERS IN MICHIGAN, AND USES MODIFIED VERSIONS OF ITS TRAINING AND CONSULTING CONTENT TO WORK WITH MANUFACTURERS, SERVICE COMPANIES, AND HOSPITALS IN THE U.S. AND CANADA. SUBJECTS INCLUDE QUALITY AND ENVIRONMENTAL MANAGEMENT, LEAN MANUFACTURING, SALES, MARKETING, AND COST ESTIMATION.

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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 $10,473,612
Program Service Revenue $2,761,022
Investment Income $93,910
Other Revenue $102,830
TOTAL REVENUE $13,431,374

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,666,989
Fundraising Expenses $0
Program Expenses $10,491,233
Other Expenses $5,113,042
TOTAL EXPENSES $12,780,031

Year-over-Year Comparison

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%
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
10
Independent Members
10
Employees
56
Volunteers
10

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
2
$419,185
Total Directors
11
$0
Key Employees
2
$436,314
Highest Compensated
5
reported
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
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
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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