FOUNDATION FOR MANUFACTURING EXCELLENCE

EIN: 474000117 501(c)(3) Education

MT AIRY, MD

Total Revenue
$763,920
Total Expenses
$1,095,525
Total Assets
$1,567,084
Net Assets
$1,502,049
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
WA
Principal Officer
CARRIE HINES
Phone
2023417066
Tax Period
2024-10-01 to 2025-09-30

FOUNDATION FOR MANUFACTURING EXCELLENCE, founded in 2015, is a small nonprofit in the Education sector that reported $764K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 43% operating deficit.

Mission

THE FOUNDATION WAS ESTABLISHED TO PROVIDE EDUCATIONAL AND TRAINING ACTIVITIES TO SUPPORT MANUFACTURING SERVICE PROVIDERS AND PARTNERS IN AN EFFORT TO STRENGTHEN AMERICA'S SMALL TO MEDIUM SIZED MANUFACTURING INDUSTRY. IN ADDITION, THE FOUNDATION WILL ORGANIZE AND LEAD EDUCATIONAL CONFERENCES AND SEMINARS THAT INSTRUCT MANUFACTURING SERVICE PROVIDERS REGARDING BEST BUSINESS PRACTICES AND TO CONDUCT STUDIES AND SURVEYS TO IMPROVE RESEARCH SUPPORTING SMALL MANUFACTURERS.

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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 $694,103
Program Service Revenue $0
Investment Income $50,535
Other Revenue $19,282
TOTAL REVENUE $763,920

Expense Breakdown

Grants Paid $0
Salaries & Benefits $186,421
Fundraising Expenses $0
Program Expenses $975,099
Other Expenses $909,104
TOTAL EXPENSES $1,095,525

Year-over-Year Comparison

2024 2023 Change
Revenue $763,920 $771,813 0.0%
Expenses $1,095,525 $579,761 +0.9%
Net Income $-331,605 $192,052 -2.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
1
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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANAE STEWART CHAIR 5.00
Officer Director
$0 $0 $0
STACI MILLER VICE CHAIR 5.00
Officer Director
$0 $0 $0
STACY SMITH TREASURER 5.00
Officer Director
$0 $0 $0
REBECCA SINGER SECRETARY 5.00
Officer Director
$0 $0 $0
ANDY CARR MEMBER 2.00
Director
$0 $0 $0
PHIL MINTZ MEMBER 2.00
Director
$0 $0 $0
ELENA GARUC MEMBER 2.00
Director
$0 $0 $0
PHIL RATTERMANN MEMBER 2.00
Director
$0 $0 $0
KELLY BUCHANAN DIR OF MEMBE 40.00
Highest
$166,700 $0 $166,700
PETER CONNELLY MEMBER 2.00
Director
$0 $0 $0
MIKE KELLEHER MEMBER 2.00
Director
$0 $0 $0
GLENN PAGENS MEMBER 2.00
Director
$0 $0 $0
ROCKY CASE MEMBER 2.00
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 $763,920 $1,095,525 $1,567,084 $-331,605
2024 $771,813 $579,761 $1,996,542 $192,052
2023 $1,205,918 $880,811 $1,896,620 $325,107
2022 $1,181,360 $807,409 $1,636,498 $373,951
2021 $986,587 $701,368 $983,728 $285,219
2020 $533,110 $387,559 $724,498 $145,551
2019 $449,126 $391,750 $630,323 $57,376
2018 $632,011 $521,707 $531,614 $110,304
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