MakeICT Institute (EIN 461413068) - 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

2012

Legal Domicile

Principal Officer

Aaron Grinstaff

Phone

8173743341

Tax Period

2025-01-01 to 2025-12-31

MakeICT Institute, founded in 2012, is a small nonprofit in the Science & Technology sector that reported $201K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $55K, a strong 27% operating margin.

Mission

MakeICTs makerspace is a 22,000 square foot facility that serves as the hub of our mission: We inovate, learn, and build community at the intersection of art, technology, science, and culture.

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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 (2025)

Revenue Breakdown

Contributions & Grants $181,077

Program Service Revenue $19,371

Investment Income $244

Other Revenue $0

TOTAL REVENUE $200,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $145,901

Other Expenses $145,901

TOTAL EXPENSES $145,901

Year-over-Year Comparison

	2025	2024	Change
Revenue	$200,692	$181,712	+0.1%
Expenses	$145,901	$139,180	+0.0%
Net Income	$54,791	$42,532	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gretchen Koch	President	N/A	Officer	$0	$0	$0
Preston Warden	President	5.00	Officer	$0	$0	$0
Dean Day	Vice President	5.00	Officer	$0	$0	$0
Andy Tannahill	Vice President	5.00	Officer	$0	$0	$0
Paul Shackelforfd	Secretary	5.00	Officer	$0	$0	$0
Beth Shook	Secretary	5.00	Officer	$0	$0	$0
Aaron Gridstaff	Treasurer	10.00	Officer	$0	$0	$0
Matthew Cleary	Member at Large	1.00	Director	$0	$0	$0
Eric Manda	Member at Large	1.00	Director	$0	$0	$0
Aaron Norton	Member at Large	1.00	Director	$0	$0	$0
Serena Oden Powers	Member at Large	1.00	Director	$0	$0	$0
Cooper Cummings	Member at Large	1.00	Director	$0	$0	$0
Dean Day	Member at Large	1.00	Director	$0	$0	$0
George Baldrige	Member at Large	1.00	Director	$0	$0	$0
Stephen Reckers	Member at Large	1.00	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
2025	$200,692	$145,901	$643,006	$54,791
2024	$181,712	$139,180	$649,846	$42,532
2023	$183,606	$130,714	$615,958	$52,892
2022	$158,632	$106,542	$565,633	$52,090
2021	$138,659	$99,171	$550,554	$39,488

MakeICT Institute