SOUTHFIELD, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SME EDUCATION FOUNDATION, founded in 1987, is a mid-sized nonprofit in the Education sector that reported $13.5M in total revenue in fiscal year 2023. Revenue surged 398% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.8M, a strong 50% operating margin.
A. TO OPERATE AND ACT EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSE OF THE SOCIETY OF MANUFACTURING ENGINEERS, A TAX-EXEMPT CHARITABLE ORGANIZATION WHICH IS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, (THE "CODE"), AND WHICH IS NOT A PRIVATE FOUNDATION, AS SUCH TERM IS DEFINED IN CODE SECTION 509, PURSUANT TO CODE SECTION 509(A)(2). B. THE SME EDUCATION FOUNDATION'S MISSION IS TO PREPARE THE FUTURE ENGINEERS AND TECHNOLOGISTS FOR MANUFACTURING CAREERS THROUGH OUTREACH PROGRAMS TO ENRICH STUDENTS TO STUDY SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) IN ALIGNMENT WITH SME. C. TO OPERATE AND ACT EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS SUCH TERMS ARE USED IN CODE SECTION 501(C)(3). D. TO RECEIVE AND ADMINISTER ASSETS EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS SUCH TERMS ARE USED IN CODE SECTION 501(C)(3).
SCHOLARSHIPS: IN 2023 THE SME EDUCATION FOUNDATION AWARDED ACADEMIC SCHOLARSHIPS TO 183 GRADUATING HIGH SCHOOL SENIORS, CURRENT UNDERGRADUATES AND MASTERS OR DOCTORAL DEGREE STUDENTS PURSUING...
SCHOLARSHIPS: IN 2023 THE SME EDUCATION FOUNDATION AWARDED ACADEMIC SCHOLARSHIPS TO 183 GRADUATING HIGH SCHOOL SENIORS, CURRENT UNDERGRADUATES AND MASTERS OR DOCTORAL DEGREE STUDENTS PURSUING POST-SECONDARY DEGREES IN MANUFACTURING ENGINEERING, MANUFACTURING TECHNOLOGY, AND RELATED FIELDS. TOTAL SCHOLARSHIP AWARDS DISTRIBUTED TO 123 HIGHER EDUCATIONAL INSTITUTIONS EQUALED $939,966.
EDUCATIONAL PROGRAMS: THE PRIME (PARTNERHSIP RESPONSE IN MANUFACTURING EDUCATION) PROGRAM PROVIDES HIGH SCHOOL STUDENTS WITH HANDS-ON TRAINING AND MANUFACTURING SKILLS THROUGH ACCESS TO ADVANCED...
EDUCATIONAL PROGRAMS: THE PRIME (PARTNERHSIP RESPONSE IN MANUFACTURING EDUCATION) PROGRAM PROVIDES HIGH SCHOOL STUDENTS WITH HANDS-ON TRAINING AND MANUFACTURING SKILLS THROUGH ACCESS TO ADVANCED TECHNOLOGIES, INDUSTRY-LED CURRICULUM, JOB SHADOWING AND MENTORING PROGRAMS. CASH, EQUIPMENT AND CURRICULUM TOTALING $3,635,598 WAS DONATED TO SCHOOLS IN THE PRIME NETWORK IN 2023.
EDUCATIONAL EVENTS AND ACTIVITIES: PROJECTS INCLUDED SPONSORSHIP OF GIRL'S STEM CAMP AND SME STUDENT CHAPTER ASSISTANCE.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $13,500,175 | $2,711,665 | +4.0% |
| Expenses | $6,734,144 | $7,977,995 | -0.2% |
| Net Income | $6,766,031 | $-5,266,330 | -2.3% |
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 |
|---|---|---|---|---|---|---|
| FRANK ERVIN III | PRESIDENT | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERICA POWELL BELL | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW JONES | SECRETARY/TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ADAM CLAYTOR | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| VALERIE FREEMAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KIMBERLY GREEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOE KANN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT KOMLJENOVIC | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PETER MANCINI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ART MCCLELLAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARK MICHALSKI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN MILLER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER RAKE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KYLE RIEGEL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARION WELLS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOANNE WILLIAMS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WINSTON F EREVELLES | DIRECTOR - PART YEAR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT W IVESTER | DIRECTOR - PART YEAR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT WILLIG | EXECUTIVE DIRECTOR & CEO | 4.00 |
Officer
|
$0 | $58,330 | $717,089 |
| CRAIG CONNOP | CHIEF FINANCIAL OFFICER | 4.00 |
Officer
|
$0 | $49,289 | $440,294 |
| ROBERT LUCE | VP, SME EDUCATION FOUNDATION | 50.00 |
Key Emp
|
$228,951 | $43,341 | $272,292 |
| SHELLEY WOOLEY | DIRECTOR, EDUCATION PROGRAMS | 50.00 |
Highest
|
$133,931 | $10,079 | $144,010 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $13,500,175 | $6,734,144 | $34,031,281 | $6,766,031 |
| 2022 | $2,711,665 | $7,977,995 | $24,135,298 | $-5,266,330 |
| 2021 | $11,054,523 | $3,765,745 | $34,257,056 | $7,288,778 |
| 2020 | $2,762,932 | $4,484,233 | $26,838,033 | $-1,721,301 |
| 2019 | $6,219,030 | $3,481,601 | $27,110,002 | $2,737,429 |
| 2018 | $4,241,757 | $3,380,136 | $22,057,779 | $861,621 |
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