Foundation FOR APPLIED CONST TECHN… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

Raynah Adam

Tax Period

2022-07-01 to 2023-06-30

Foundation FOR APPLIED CONST TECHNOLOGY FOR, founded in 1981, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Revenue surged 489687% from the prior year, signaling strong growth momentum.

Mission

To promote and advance construction and technology education in the PG County, Maryland public schools by assisting to raise standards of career and technology education, making the instruction and training more practical and meaningful and developing cooperation with the public.

Program Service Accomplishments

Program 1

Expenses: $1,203,829 Revenue: $1,155,000

The foundation provides students in the Prince Georges county, Maryland public school system career training in the construction and construction technology fields. The training includes residential home construction and green technologies. The foundation uses both class room and supervised hands-on training of students in the actual construction of residential houses. The program provides training to approximately 300 students during the FYE 6/30/23. This is the only Program service conducted in the fiscal year ended 6/30/23.

Program 2

Expenses: $5,936

Grants and scholarships are awarded to the highest achieving students who successfully complete the school training program sponsored by the organization. During FYE 6/30/2023, 8 students in total...

Grants and scholarships are awarded to the highest achieving students who successfully complete the school training program sponsored by the organization. During FYE 6/30/2023, 8 students in total were awarded scholarships and grants. Scholarships are in the form of payments to two or four year higher educational institutions, and grants are in the form of gift cards for tool purchases needed for apprenticeships.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,155,000

Investment Income $897

Other Revenue $0

TOTAL REVENUE $1,155,897

Expense Breakdown

Grants Paid $5,936

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,209,765

Other Expenses $1,228,421

TOTAL EXPENSES $1,234,357

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,155,897	$236	+4896.9%
Expenses	$1,234,357	$48,386	+24.5%
Net Income	$-78,460	$-48,150	+0.6%

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
Adam Schueftan	Director	1.00	Director	$0	$0	$0
Bill Shipp	Director	1.00	Director	$0	$0	$0
Marvin Holmes	Director	1.00	Director	$0	$0	$0
Wanda Ramos	Director	1.00	Director	$0	$0	$0
Patricia Long	Director	1.00	Director	$0	$0	$0
Howard Burnett	Director	2.00	Director	$0	$0	$0
Greg Wilby	Director	1.00	Director	$0	$0	$0
Sonya Williams	Director	1.00	Director	$0	$0	$0
Brandon Gurney	Director	1.00	Director	$0	$0	$0
Neil Butler	Director	1.00	Director	$0	$0	$0
Victoria Ballestero	Director	3.00	Director	$0	$0	$0
ShaVon McConnell	Director	1.00	Director	$0	$0	$0
Kathleen Litchfield	Director	1.00	Director	$0	$0	$0
Barbara Kahn-Richman	Secretary	2.00	Officer Director	$0	$0	$0
Carey Hubbell	Treasurer	2.00	Officer Director	$0	$0	$0
Bill Hardy	Vice Chair	3.00	Officer Director	$0	$0	$0
Raynah Adam	ChairDirector	3.00	Officer 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	No data	No data	No data	No data
2023	$1,155,897	$1,234,357	$655,324	$-78,460
2022	$236	$48,386	$756,474	$-48,150
2021	$499,573	$567,623	$811,985	$-68,050
2020	$947,545	$1,020,793	$1,002,478	$-73,248
2019	$456,496	$543,302	$1,229,095	$-86,806
2018	$459,856	$478,814	$1,390,974	$-18,958

Foundation FOR APPLIED CONST TECHNOLOGY FOR