THE MAAC FOUNDATION INC (EIN 384008491) - 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

2016

Legal Domicile

Principal Officer

CELINA WEATHERWAX

Phone

2195109111

Tax Period

2023-01-01 to 2023-12-31

THE MAAC FOUNDATION INC, founded in 2016, is a community nonprofit in the Public Safety sector that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.0M, a strong 80% operating margin.

Mission

MAAC'S MISSION IS TO DEVELOP AND MAINTAIN TRAINING OPPORTUNITIES FOR FIREFIGHTERS, POLICE OFFICERS, AND EMS. THIS WILL BE ACHIEVED THROUGH THE OFFERINGS OF COMBINED CLASSROOM AND PRACTICAL APPLICATION PROGRAMS THAT WILL PROVIDE ADVANCED LEVELS OF CRITICAL THINKING AND FUNCTIONING IN PREPAREDNESS AND RESPONSE. MOREOVER, MAAC FOUNDATION IS DEDICATED TO SUPPORTING AND MEETING THE NEEDS OF EXISTING INDIANA DISTRICT 1 TRAINING SITES, IN PARTNERSHIP WITH INDIANA DISTRICT 1 FIREFIGHTER TRAINING COUNCIL, TO EFFECTIVELY AND EFFICIENTLY PROVIDE FIRE SERVICE TRAINING TO ALL DISTRICT 1 FIREFIGHTERS, ENSURING THAT NATIONAL FIREFIGHTER STANDARDS ARE MET; QUALITY OF TRAINING AND EXPERIENCE OF FIRE INSTRUCTORS ARE SUFFICIENT; AND THAT THE CORE ELEMENTS AND FOUNDATION OF AN EFFECTIVE FIRE TRAINING SYSTEM IS ESTABLISHED AND MAINTAINED FOR FUTURE GENERATIONS OF FIREFIGHTERS.

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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 $7,131,793

Program Service Revenue $202,745

Investment Income $144,257

Other Revenue $4,218

TOTAL REVENUE $7,483,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $472,991

Fundraising Expenses $4,360

Program Expenses $1,042,640

Other Expenses $1,012,472

TOTAL EXPENSES $1,489,823

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,483,013	$3,423,715	+1.2%
Expenses	$1,489,823	$1,261,619	+0.2%
Net Income	$5,993,190	$2,162,096	+1.8%

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

100

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

$71,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CELINA WEATHERWAX	PRESIDENT	40.00	Officer	$71,400	$0	$71,400
MICHAEL BAIRD	TREASURER	10.00	Director	$0	$0	$0
GEORGE DOUGLAS	DIRECTOR	10.00	Director	$0	$0	$0
WILLIAM MAAR	SECRETARY	10.00	Director	$0	$0	$0
STEWART MCMILLAN	CHAIRMAN	20.00	Director	$0	$0	$0
GARY MILLER	DIRECTOR	10.00	Director	$0	$0	$0
ROBERT MORGAN	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL PARKS	DIRECTOR	10.00	Director	$0	$0	$0
BRIAN PODSIADLIK	DIRECTOR	10.00	Director	$0	$0	$0
STEPHEN TURNER	DIRECTOR	10.00	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	No data	No data	No data	No data
2023	$7,483,013	$1,489,823	$17,928,595	$5,993,190
2022	$3,423,715	$1,261,619	$12,441,057	$2,162,096
2021	$7,226,707	$1,479,842	$10,303,969	$5,746,865
2020	$1,293,712	$788,557	$4,829,918	$505,155
2019	$700,293	$580,201	$4,755,796	$120,092
2018	$555,815	$586,071	$2,911,359	$-30,256

THE MAAC FOUNDATION INC