DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AMERICAN LIGHTWEIGHT MATERIALS MANUFACTURING INNOVATION INSTITUTE, founded in 2013, is a mid-sized nonprofit in the Science & Technology sector that reported $43.5M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $38.8M left a modest 11% surplus.
TO ESTABLISH A LIGHTWEIGHT AND MODERN METALS MANUFACTURING INNOVATION INSTITUTE AND TO CARRY OUT THE PURPOSES OF THE MEMBERS WITH RESPECT TO SCIENTIFIC RESEARCH, EDUCATION, DEVELOPMENT, AND INNOVATION OF OPTIMIZED, MULTI-MATERIAL LIGHTWEIGHT STRUCTURES FOR TRANSPORTATION AND TESTING THEREOF, AND THE MANUFACTURING PROCESSES THEREFOR, IN ORDER TO ADVANCE THE OBJECTIVES OF THE US GOVERNMENT RELATING TO DEFENSE AND COMMERCE.
ALMMII'S TECHNOLOGY PROGRAM DESIGNS, BUILDS, TESTS AND VERIFIES NEW ADVANCED MATERIALS, INCLUDING FOR HYPERSONIC AND OTHER EXTREME ENVIRONMENTS, AND DEVELOPS NEW MANUFACTURING PROCESSES AND SYSTEMS...
ALMMII'S TECHNOLOGY PROGRAM DESIGNS, BUILDS, TESTS AND VERIFIES NEW ADVANCED MATERIALS, INCLUDING FOR HYPERSONIC AND OTHER EXTREME ENVIRONMENTS, AND DEVELOPS NEW MANUFACTURING PROCESSES AND SYSTEMS. BY CONNECTING THE VIRTUAL MODELING AND SIMULATION OF MATERIALS AND PROCESSES WITH THE PHYSICAL WORLD, ALMMII ACCELERATES THE DEVELOPMENT TIME AND REDUCES COSTS, WHILE DRIVING IMPLEMENTATION FASTER. ALMMII'S PILLARS ARE DESIGN ENGINEERING, ADVANCED MATERIALS, MANUFACTURING PROCESSES, VERIFICATION AND VALIDATION, AND SCALE-UP AND COMMERCIALIZATION.
ALMMII'S TALENT PROGRAM DESIGNS AND DEVELOPS NEW TOOLS AND VENUES TO SUPPORT NATIONAL TALENT PROGRAMS. THESE PROGRAMS INCLUDE NEW CURRICULA, TO ENSURE THE MANUFACTURING WORKFORCE OF THE FUTURE, MADE...
ALMMII'S TALENT PROGRAM DESIGNS AND DEVELOPS NEW TOOLS AND VENUES TO SUPPORT NATIONAL TALENT PROGRAMS. THESE PROGRAMS INCLUDE NEW CURRICULA, TO ENSURE THE MANUFACTURING WORKFORCE OF THE FUTURE, MADE UP OF MULTI-SKILLED TECHNICIANS, HAS THE KNOWLEDGE SKILLS AND ABILITIES TO SUCCESSFULLY WORK IN THE ADVANCED MANUFACTURING FUTURE. ALMMII'S TALENT PROGRAM POWERS STEM PROGRAMS SUCH AS IGNITE MASTERING MANUFACTURING, IMMERSIVE PROGRAMS WITHIN THE LIFT LEARNING LAB, AND SKILLED-TRADES TRAINING PROGRAMS SUCH AS OPERATION NEXT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $43,478,588 | $33,289,791 | +0.3% |
| Expenses | $38,828,088 | $31,532,258 | +0.2% |
| Net Income | $4,650,500 | $1,757,533 | +1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BECKY STEWART | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ZACH MEARS | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN M BELANS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JON KINSEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTIN KINSELLA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAULA SORRELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NATE AMES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HENRY CIALONE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NIGEL J FRANCIS | CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR | 40.00 |
Officer
Director
|
$548,632 | $51,740 | $600,372 |
| MICHAEL BERNARD | SECRETARY | 1.00 |
Officer
|
$99,404 | $0 | $99,404 |
| VICTOR CLAUDIO | CHIEF FINANCIAL OFFICER AND TREASURER | 40.00 |
Officer
|
$428,623 | $50,996 | $479,619 |
| NOEL MACK | CHIEF TECHNOLOGY OFFICER | 40.00 |
Officer
|
$365,890 | $50,520 | $416,410 |
| KEVIN KERRIGAN | VP OF BUSINESS DEVELOPMENT | 40.00 |
Key Emp
|
$216,894 | $46,921 | $263,815 |
| JOE STEELE | VP OF COMMUNICATIONS AND LEGISLATVIE AFFAIRS | 40.00 |
Key Emp
|
$195,768 | $46,114 | $241,882 |
| SEAN CONWAY | CHIEF DEVELOPMENT OFFICER | 40.00 |
Key Emp
|
$250,807 | $22,037 | $272,844 |
| AMBERLEE HASELHUHN | SENIOR DIRECTOR OF MATERIALS AND ICME | 40.00 |
Highest
|
$204,722 | $36,333 | $241,055 |
| JOHN KEOGH | SENIOR DIRECTOR OF ENGINEERING | 40.00 |
Highest
|
$196,590 | $32,450 | $229,040 |
| PETER CZECH | SENIOR DIRECTOR OF GOVERNMENT PROGRAMS | 40.00 |
Highest
|
$198,940 | $19,291 | $218,231 |
| BRADLEY FRIEND | SENIOR PROGRAM MANAGER | 40.00 |
Highest
|
$167,078 | $41,894 | $208,972 |
| NANCY CUMMINS | SENIOR DIRECTOR OF CORPORATE CONTROLS | 40.00 |
Highest
|
$182,224 | $23,550 | $205,774 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $43,478,588 | $38,828,088 | $57,219,153 | $4,650,500 |
| 2022 | $33,289,791 | $31,532,258 | $55,799,206 | $1,757,533 |
| 2021 | $30,772,761 | $25,504,548 | $48,200,924 | $5,268,213 |
| 2020 | $18,896,385 | $17,343,914 | $40,763,724 | $1,552,471 |
| 2019 | $16,252,461 | $13,038,202 | $31,297,849 | $3,214,259 |
| 2018 | $21,412,118 | $17,488,746 | $30,079,803 | $3,923,372 |
Compare AMERICAN LIGHTWEIGHT MATERIALS MANUFACTURING INNOVATION INSTITUTE with other nonprofits in Michigan and across the country.