UTEC INC (EIN 383669532) - 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

2002

Legal Domicile

Principal Officer

GREGG CROTEAU

Phone

9784419949

Tax Period

2022-07-01 to 2023-06-30

UTEC INC, founded in 2002, is a mid-sized nonprofit in the Youth Development sector that reported $17.3M in total revenue in fiscal year 2022. The organization ran a surplus of $4.5M, a strong 26% operating margin.

Mission

TO IGNITE AND NURTURE THE AMBITION OF OUR MOST DISCONNECTED YOUTH TO TRADE VIOLENCE AND POVERTY FOR SOCIAL AND ECONOMIC SUCCESS IN BOTH LOWELL AND LAWRENCE, MA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $15,153,794

Program Service Revenue $2,008,226

Investment Income $142,928

Other Revenue $-1,214

TOTAL REVENUE $17,303,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,705,957

Fundraising Expenses $853,630

Program Expenses $8,421,910

Other Expenses $5,057,938

TOTAL EXPENSES $12,763,895

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,303,734	$16,132,892	+0.1%
Expenses	$12,763,895	$10,972,630	+0.2%
Net Income	$4,539,839	$5,160,262	-0.1%

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

209

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

$340,540

Total Directors

$182,939

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT M MELLEN	CHAIR	5.00	Officer Director	$0	$0	$0
JUANCARLOS RIVERA	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JONATHAN M KELLY	TREASURER	5.00	Officer Director	$0	$0	$0
TIM NICHOLS	CLERK	5.00	Officer Director	$0	$0	$0
BRANDON COLON	DIRECTOR	3.00	Director	$0	$0	$0
JONATHAN DOWST	DIRECTOR	3.00	Director	$0	$0	$0
NEIL MANIAR PHD MPH	DIRECTOR	3.00	Director	$0	$0	$0
LON POVICH	DIRECTOR	3.00	Director	$0	$0	$0
BARBARA VLACICH	DIRECTOR	3.00	Director	$0	$0	$0
MARIANELA VAZQUEZ	DIRECTOR	3.00	Director	$0	$0	$0
JUANITA ZERDA	DIRECTOR	3.00	Director	$0	$0	$0
GREGG CROTEAU	CEO	38.00	Officer Director	$182,086	$853	$182,939
TERRI STEINGREBE	CFO (FORMER)	40.00	Officer	$144,982	$12,619	$157,601
MASIEL JORDAN	CFO	40.00	Officer	$0	$0	$0
ANITA MOELLER	CHIEF OF STA	40.00	Highest	$140,546	$235	$140,781
TAMARA SORALUZ	CHIEF PROGRA	40.00	Highest	$123,913	$0	$123,913
NICHELLE SADLER	TRAINING C4E	40.00	Highest	$109,459	$1,852	$111,311
SAKIETH LONG	SENIOR DIR.	40.00	Highest	$103,749	$12,132	$115,881

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$17,303,734	$12,763,895	$38,527,902	$4,539,839
2022	$16,132,892	$10,972,630	$24,012,756	$5,160,262
2021	$14,604,530	$8,563,429	$20,133,809	$6,041,101
2020	$10,752,194	$7,460,283	$14,227,288	$3,291,911
2019	$8,233,519	$6,825,639	$9,398,963	$1,407,880
2018	$7,068,202	$6,191,967	$16,069,657	$876,235

UTEC INC