SME EDUCATION FOUNDATION (EIN 382746841) - 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

1987

Legal Domicile

Principal Officer

CRAIG CONNOP

Phone

3134253000

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

THE SME EDUCATION FOUNDATION MISSION IS TO INSPIRE, PREPARE, AND SUPPORT THE NEXT GENERATION OF MANUFACTURING ENGINEERS AND TECHNOLOGISTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,476,153

Program Service Revenue $804,109

Investment Income $1,219,913

Other Revenue $0

TOTAL REVENUE $13,500,175

Expense Breakdown

Grants Paid $4,584,399

Salaries & Benefits $1,262,866

Fundraising Expenses $325,052

Program Expenses $6,061,970

Other Expenses $788,816

TOTAL EXPENSES $6,734,144

Year-over-Year Comparison

	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%

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

Volunteers

163

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

$1,157,383

Total Directors

Key Employees

$272,292

Highest Compensated

reported

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

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	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

SME EDUCATION FOUNDATION