ACCREDITATION BOARD FOR ENGINEERING AND TECHNOLOGY INC (EIN 510243571) - 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

1963

Legal Domicile

Principal Officer

MICHAEL MILLIGAN

Phone

4103477721

Tax Period

2023-10-01 to 2024-09-30

ACCREDITATION BOARD FOR ENGINEERING AND TECHNOLOGY INC, founded in 1963, is a mid-sized nonprofit in the Education sector that reported $15.3M in total revenue in fiscal year 2023. Expenses of $14.7M left a modest 3% surplus.

Mission

PROMOTION AND ADVANCEMENT OF QUALITY STEM HIGHER EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,719,868

Investment Income $539,449

Other Revenue $410

TOTAL REVENUE $15,259,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,322,980

Fundraising Expenses $0

Program Expenses $13,617,238

Other Expenses $8,421,356

TOTAL EXPENSES $14,744,336

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,259,727	$14,613,853	+0.0%
Expenses	$14,744,336	$13,796,316	+0.1%
Net Income	$515,391	$817,537	-0.4%

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

Volunteers

1231

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

$884,414

Total Directors

Key Employees

$370,242

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAMID FONOONI	PRESIDENT	1.54	Officer Director	$0	$0	$0
SARAH RAJALA	PRESIDENT-ELECT	1.19	Officer Director	$0	$0	$0
S K RAMESH	PAST PRESIDENT	1.85	Officer Director	$0	$0	$0
THOMAS HANLEY	SECRETARY	0.63	Officer Director	$0	$0	$0
DAVID WHITMAN	TREASURER	0.92	Officer Director	$0	$0	$0
CHARLES MENKE	AT-LARGE DIR	0.31	Director	$0	$0	$0
LARRAINE KAPKA	AT-LARGE DIR	0.46	Director	$0	$0	$0
ELLAYNE GANZFRIED	PUBLIC DIR	0.31	Director	$0	$0	$0
ALICE GREIFE	APPLIED & NATURAL SCIENCES AREA DIR	0.31	Director	$0	$0	$0
PAUL LEIDIG	COMPUTING AREA DIR	0.31	Director	$0	$0	$0
STEPHEN PHILLIPS	ENGINEERING AREA DIR	0.31	Director	$0	$0	$0
ECE YAPRAK	ENGINEERING TECHNOLOGY AREA DIR	0.31	Director	$0	$0	$0
MICHAEL MILLIGAN	CHIEF EXECUTIVE OFFICER	35.00	Officer	$527,326	$29,092	$556,418
JESSICA SILWICK	CFO, COO	35.00	Officer	$304,310	$23,686	$327,996
JOSEPH SUSSMAN	CHIEF ACCREDITATION OFFICER	35.00	Key Emp	$344,450	$25,792	$370,242
JANE EMMET	SR DIR, ACCREDITAITON	35.00	Highest	$190,333	$39,572	$229,905
STEPHANIE HARRINGTON	DIR, CONSTITUENT RELATIONS	35.00	Highest	$176,109	$23,371	$199,480
ROBYN HALL	DIR, PROFESSIONAL PROGRAMS	35.00	Highest	$176,007	$29,741	$205,748
JOSEPH LUKSIC	SR DIR, INFORMATION MGMT	35.00	Highest	$171,571	$38,652	$210,223
HWAN-KYUNG CHUNG	SOFTWARE ARCHITECT	35.00	Highest	$159,500	$35,952	$195,452

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	$15,259,727	$14,744,336	$29,186,384	$515,391
2023	$14,613,853	$13,796,316	$26,155,499	$817,537
2022	$14,197,976	$11,833,104	$24,567,861	$2,364,872
2021	$12,376,690	$9,395,082	$25,462,231	$2,981,608
2020	$12,461,728	$11,326,990	$19,209,109	$1,134,738
2019	$12,769,955	$11,683,883	$19,074,120	$1,086,072
2018	$12,776,851	$11,591,529	$16,834,616	$1,185,322

ACCREDITATION BOARD FOR ENGINEERING AND TECHNOLOGY INC