FORUM TO ADVANCE MINORITIES IN ENGINEERING INC

EIN: 510210266 501(c)(3) Science & Technology

WILMINGTON, DE

Total Revenue
$1,951,707
Total Expenses
$1,351,851
Total Assets
$4,797,725
Net Assets
$4,511,749
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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
1977
Legal Domicile
DE
Principal Officer
DONALD L BAKER II
Phone
3027773254
Tax Period
2023-01-01 to 2023-12-31

FORUM TO ADVANCE MINORITIES IN ENGINEERING INC, founded in 1977, is a community nonprofit in the Science & Technology sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $600K, a strong 31% operating margin.

Mission

FAME INC PREPARES AND MOTIVATES STUDENTS IN GRADES K-12 WITH A SPECIFIC FOCUS ON UNDERREPRESENTED MINORITIES AND GIRLS TO ENTER COLLEGE AND COMPLETE A BACCALAUREATE DEGREE IN SCIENCE, TECHNOLOGY, ENGINEERING OR MATH RELATED FIELD OF STUDY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,950,425
Program Service Revenue $0
Investment Income $1,282
Other Revenue $0
TOTAL REVENUE $1,951,707

Expense Breakdown

Grants Paid $0
Salaries & Benefits $850,994
Fundraising Expenses $108,620
Program Expenses $1,056,609
Other Expenses $500,857
TOTAL EXPENSES $1,351,851

Year-over-Year Comparison

2023 2022 Change
Revenue $1,951,707 $971,616 +1.0%
Expenses $1,351,851 $1,252,420 +0.1%
Net Income $599,856 $-280,804 -3.1%
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
11
Independent Members
11
Employees
52
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
$228,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD L BAKER II EXEC DIRECTO 40.00
Officer
$228,000 $0 $228,000
STEPHEN WING CHAIR N/A
Director
$0 $0 $0
BRANDON JONES BOARD MEMBER N/A
Director
$0 $0 $0
BRYAN P TRACY BOARD MEMBER N/A
Director
$0 $0 $0
AKEEM IMAN-JONES BOARD MEMBER N/A
Director
$0 $0 $0
MYRON NEAL FINANCE COMM N/A
Director
$0 $0 $0
PERI HUTT SECRETARY N/A
Director
$0 $0 $0
TRAVIS ROBINSON CHAIR ELECT N/A
Director
$0 $0 $0
RUTH MATHIS-TUCKER BOARD MEMBER N/A
Director
$0 $0 $0
NATASHIA SANDERS PRES/PARENT N/A
Director
$0 $0 $0
DAN O'CONNOR BOARD MEMBER N/A
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 $1,951,707 $1,351,851 $4,797,725 $599,856
2022 $971,616 $1,252,420 $4,362,831 $-280,804
2021 $5,079,647 $1,327,052 $4,753,288 $3,752,595
2020 $891,048 $897,370 $1,012,016 $-6,322
2019 $704,414 $1,006,235 $765,604 $-301,821
2018 $749,907 $721,957 $748,245 $27,950
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