THE SHOP RAT FOUNDATION INC

EIN: 383700259 501(c)(3) Education

JACKSON, MI

Total Revenue
$1,438,171
Total Expenses
$394,586
Total Assets
$1,100,359
Net Assets
$1,083,493
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MI
Principal Officer
KELLY BURR KOFFLIN
Phone
5177692100
Tax Period
2024-01-01 to 2024-12-31

THE SHOP RAT FOUNDATION INC, founded in 2004, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 381% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 73% operating margin.

Mission

TO IGNITE INTEREST IN MANUFACTURING AND PROFESSIONAL TRADES CAREERS AMONG OUR NATION'S YOUTH THROUGH DEVELOPMENT OF INNOVATIVE EDUCATIONAL TOOLS, CURRICULUM AND OUTREACH PROGRAMS IN PARTNERSHIP WITH SCHOOLS, COMMUNITY GROUPS, COMPANIES AND INDUSTRY ASSOCIATIONS.

Program Service Accomplishments

Program 1
Expenses: $265,945 Revenue: $29,748

THE KEYSTONE PROJECT OF THE SHOP RAT FOUNDATION IS THE SHOP RAT EDUCATION PROGRAM. THIS PROGRAM CURRENTLY ENCOMPASSES INTRODUCTORY THROUGH ADVANCED LEVEL CURRICULUM OFFERINGS, SERVING YOUTH ENROLLED...

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THE KEYSTONE PROJECT OF THE SHOP RAT FOUNDATION IS THE SHOP RAT EDUCATION PROGRAM. THIS PROGRAM CURRENTLY ENCOMPASSES INTRODUCTORY THROUGH ADVANCED LEVEL CURRICULUM OFFERINGS, SERVING YOUTH ENROLLED IN GRADES 6-12. THE PROGRAM REACHES APPROXIMATELY 3,000 YOUTH ANNUALLY AND IS FACILITATED IN NUMEROUS COMMUNITIES WITHIN MICHIGAN. THE SHOP RAT EDUCATION PROGRAM IS COMPOSED OF EXTRA-CURRICULAR CLASSES AND SUMMER CAMPS, IN-SCHOOL OUTREACH PROGRAMMING AND ADDITIONAL EVENTS THAT SHOWCASE CAREERS FOCUSED ON CONSTRUCTION TRADES, ENGINEERING, PRECISION MACHINING AND WELDING, WHILE REINFORCING STUDENT UNDERSTANDING AND APPLICATION OF STEM SKILLS. A KEY ASPECT OF THE SHOP RAT EDUCATION PROGRAM CURRICULUM IS AN INNOVATIVE APPROACH TO CAREER EXPLORATION. THE SHOP RAT FOUNDATION FACILITATES CLASSES WITHIN LOCAL MANUFACTURING FACILITIES FOR YOUTH, AS WELL AS ACTIVELY PARTICIPATES IN COMMUNITY-WIDE EFFORTS SUCH AS MANUFACTURING DAY TOURS. THE SHOP RAT FOUNDATION CONTINUES TO GROW ITS FREE, CAREER EXPLORATION FOCUSED MOBILE APPLICATION CALLED ON THE JOB 360, ENABLING STUDENTS TO VIRTUALLY TOUR MANUFACTURING FACILITIES AND GAIN FIRST HAND KNOWLEDGE REGARDING CAREERS WITHIN THE FIELD.

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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 $1,408,303
Program Service Revenue $29,748
Investment Income $0
Other Revenue $120
TOTAL REVENUE $1,438,171

Expense Breakdown

Grants Paid $0
Salaries & Benefits $232,744
Fundraising Expenses $55,934
Program Expenses $265,945
Other Expenses $161,842
TOTAL EXPENSES $394,586

Year-over-Year Comparison

2024 2023 Change
Revenue $1,438,171 $298,701 +3.8%
Expenses $394,586 $320,074 +0.2%
Net Income $1,043,585 $-21,373 -49.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
8
Volunteers
26

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
4
$89,687
Total Directors
10
$89,687
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY BURR KOFFLIN EXECUTIVE DI 40.00
Officer Director
$89,687 $0 $89,687
KIM CASTLE DIRECTOR 1.00
Director
$0 $0 $0
TIM EXPOSITO DIRECTOR 1.00
Director
$0 $0 $0
LELAND FALDE DIRECTOR 1.00
Director
$0 $0 $0
AMANDA HUTCHINGS CHAIR 1.00
Officer Director
$0 $0 $0
TOM JURASEK TREASURER 1.00
Officer Director
$0 $0 $0
BRANDON MARKEN DIRECTOR 1.00
Director
$0 $0 $0
ALEX MASTEN DIRECTOR 1.00
Director
$0 $0 $0
COLTON STEPKE DIRECTOR 1.00
Director
$0 $0 $0
ERICA WALKER SECRETARY 1.00
Officer Director
$0 $0 $0
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 $1,438,171 $394,586 $1,100,359 $1,043,585
2023 $298,701 $320,074 $90,317 $-21,373
2022 $291,614 $350,926 $72,262 $-59,312
2021 $241,326 $138,777 $112,972 $102,549
2020 $105,596 $135,198 $32,428 $-29,602
2019 $129,829 $134,502 $44,845 $-4,673
2018 $149,234 $146,422 $54,843 $2,812
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