LEAN PRODUCT AND PROCESS DEVELOPMENT EXCHANGE INC

EIN: 412251298 501(c)(3) Education

WEST HARTFORD, CT

Total Revenue
$83,773
Total Expenses
$104,420
Total Assets
$60,759
Net Assets
$60,759
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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
2007
Legal Domicile
IL
Principal Officer
BOB MELVIN
Phone
8006716079
Tax Period
2018-11-01 to 2019-10-31

LEAN PRODUCT AND PROCESS DEVELOPMENT EXCHANGE INC, founded in 2007, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2018. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $104K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO ORGANIZE AND FACILITATE EDUCATIONAL CONFERENCES AND NETWORKING FORUMS IN THE INTEREST OF PROMOTING GREATER EFFICIENCY AND PROGRESS IN ENGINEERING, PRODUCT AND SERVICES DEVELOPMENT, MANUFACTURING, EDUCATION, HEALTHCARE, AND OTHER AREAS.

Program Service Accomplishments

Program 1
Expenses: $102,001 Revenue: $83,773

CONDUCTED CONFERENCES: GOTHENBURG WORKSHOP JANUARY 2019, MALMO SWEDEN JUNE 2019, JEKYLL ISLAND OCTOBER 2019 GOTHENBURG:WORKSHOP 1: LEAN DRIVEN START-UP INNOVATION WORKSHOP. WORKSHOP 2: NEW PRODUCTS...

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CONDUCTED CONFERENCES: GOTHENBURG WORKSHOP JANUARY 2019, MALMO SWEDEN JUNE 2019, JEKYLL ISLAND OCTOBER 2019 GOTHENBURG:WORKSHOP 1: LEAN DRIVEN START-UP INNOVATION WORKSHOP. WORKSHOP 2: NEW PRODUCTS EVERY YEAR - ON TIME AND ON TARGET MALMO: THE CONFERENCE THEME WAS SUCCESS IS ASSURED. THROUGH KEYNOTE SPEAKERS AND CASE STUDY PRESENTATIONS WE CULTIVATED AN ENVIROMENT FOCUSED ON LEARNING, NETWORKING, AND PLANNING. JEKYLL ISLAND: THE CONFERENCE THEME WAS INCREASING THE SPEED OF PRODUCT DEVELOPEMENT. WE DISCUSSED THE CURRENT FEIRCE COMPETITIVE ENVIROMENT.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $83,773
Investment Income $0
Other Revenue $0
TOTAL REVENUE $83,773

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $102,001
Other Expenses $104,420
TOTAL EXPENSES $104,420

Year-over-Year Comparison

2018 2017 Change
Revenue $83,773 $110,977 -0.2%
Expenses $104,420 $72,287 +0.4%
Net Income $-20,647 $38,690 -1.5%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER PALMER BOARD MEMBER N/A
Director
$0 $0 $0
SUZANNE VAN EGMOND BOARD MEMBER N/A
Director
$0 $0 $0
GORAN GUSTAFSSON BAORD MEMBER N/A
Director
$0 $0 $0
DUWARD SOBEK BOARD MEMBER N/A
Director
$0 $0 $0
SANNAH VINDING BOARD MEMBER N/A
Director
$0 $0 $0
DANTAR OOSTERWAL BOARD MEMBER N/A
Director
$0 $0 $0
NORBERT MAJERUS BOARD MEMBER N/A
Director
$0 $0 $0
TERENCE BARNHART BOARD MEMBER N/A
Director
$0 $0 $0
BOB MELVIN TREASURER N/A
Officer
$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
2019 $83,773 $104,420 $60,759 $-20,647
2018 $110,977 $72,287 $81,406 $38,690
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