THE STEEL TECHNOLOGIES FOUNDATION INC (EIN 562468607) - 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

2004

Legal Domicile

Principal Officer

MICHELLE HARPER

Phone

5022452110

Tax Period

2023-01-01 to 2023-12-31

THE STEEL TECHNOLOGIES FOUNDATION INC, founded in 2004, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $319K in total revenue in fiscal year 2023. Net assets of $959K represent 36 months of operating reserves.

Mission

TO SUPPORT THE NEEDS OF THE COMMUNITIES WHERE OUR EMPLOYEES AND CUSTOMERS LIVE AND WORK.

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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 $261,395

Program Service Revenue $0

Investment Income $58,082

Other Revenue $0

TOTAL REVENUE $319,477

Expense Breakdown

Grants Paid $319,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $319,400

Other Expenses $9,012

TOTAL EXPENSES $328,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,477	$326,751	0.0%
Expenses	$328,412	$305,815	+0.1%
Net Income	$-8,935	$20,936	-1.4%

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

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
MICHELLE M HARPER	SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH THOMAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
B THAD SOLOMON	TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$319,477	$328,412	$958,717	$-8,935
2022	$326,751	$305,815	$967,652	$20,936
2021	$413,161	$347,701	$946,716	$65,460
2020	$237,658	$256,181	$881,256	$-18,523
2019	$355,939	$306,313	$899,779	$49,626
2018	$283,624	$319,595	$850,153	$-35,971

THE STEEL TECHNOLOGIES FOUNDATION INC