WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC, founded in 1988, is a small nonprofit that reported $602K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $717K exceeded revenue, resulting in a 19% operating deficit.
TO ENSURE THE LONG-TERM FINANCIAL GROWTH AND VIABILITY OF THE BALDRIGE PERFORMANCE EXCELLENCE PROGRAM, AND TO SUPPORT ORGANIZATIONAL PERFORMANCE EXCELLENCE IN THE UNITED STATES AND THROUGHOUT THE WORLD.
FORM 990 - SUPPLEMENTAL INFORMATION (REFLECTING FY2024 ACCOMPLISHMENTS AND FY2025 DIRECTION) AMERICA IS AT A DEFINING MOMENT. GLOBAL COMPETITION, WORKFORCE DISRUPTION, COMMUNITY NEEDS, AND ECONOMIC...
FORM 990 - SUPPLEMENTAL INFORMATION (REFLECTING FY2024 ACCOMPLISHMENTS AND FY2025 DIRECTION) AMERICA IS AT A DEFINING MOMENT. GLOBAL COMPETITION, WORKFORCE DISRUPTION, COMMUNITY NEEDS, AND ECONOMIC UNCERTAINTY DEMAND LEADERS AND ORGANIZATIONS CAPABLE OF SUSTAINED EXCELLENCE, RESILIENCE, AND RESULTS. IN FY2024, THE BALDRIGE FOUNDATION ADVANCED ITS MISSION WITH URGENCY AND CLARITY, PROMOTING PERFORMANCE EXCELLENCE, STRENGTHENING THE BALDRIGE ECOSYSTEM, EXPANDING ACCESS TO LEADERSHIP AND ORGANIZATIONAL DEVELOPMENT RESOURCES, AND LAYING THE GROUNDWORK FOR THE NEXT ERA OF THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD PROGRAM. OUR OBJECTIVE IS SIMPLE AND ESSENTIAL: TO HELP BUILD STRONGER ORGANIZATIONS, STRONGER COMMUNITIES, AND A STRONGER NATION. I. MISSION AND PUBLIC BENEFIT THE BALDRIGE FOUNDATION'S MISSION IS TO SUPPORT THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD PROGRAM AND TO ADVANCE ORGANIZATIONAL PERFORMANCE EXCELLENCE IN THE UNITED STATES AND AROUND THE WORLD. IN FY2024, THE FOUNDATION, THROUGH ITS INSTITUTE FOR PERFORMANCE EXCELLENCE, FULFILLED THIS MISSION BY EXPANDING NATIONAL ACCESS TO BALDRIGE-BASED TOOLS, RESEARCH, EDUCATION, COLLABORATION, AND LEADERSHIP DEVELOPMENT OPPORTUNITIES THAT BENEFIT THE PUBLIC THROUGH: -IMPROVED ORGANIZATIONAL PERFORMANCE AND ACCOUNTABILITY -HEALTHIER COMMUNITIES AND CROSS-SECTOR COLLABORATION -BETTER OUTCOMES IN EDUCATION, HEALTHCARE, BUSINESS, NONPROFIT, AND GOVERNMENT SECTORS -A MORE RESILIENT AND COMPETITIVE WORKFORCE AND ECONOMY THE PUBLIC BENEFITS WHEN ORGANIZATIONS ARE WELL-LED, WELL-MANAGED, AND COMMITTED TO CONTINUOUS IMPROVEMENT. BY PROMOTING EXCELLENCE THROUGH THE BALDRIGE FRAMEWORK, THE FOUNDATION HELPS STRENGTHEN THE SYSTEMS THAT SUPPORT AMERICAN COMPETITIVENESS, CITIZEN WELL-BEING, AND LONG-TERM ECONOMIC STRENGTH. THE BALDRIGE FRAMEWORK REMAINS THE NATION'S MOST RECOGNIZED AND PROVEN MODEL FOR LEADERSHIP, STRATEGY, INNOVATION, OPERATIONS, AND RESULTS. II. NATIONAL ALIGNMENT AND THE BALDRIGE TRANSITION THROUGHOUT FY2024, THE FOUNDATION CONTINUED WORKING IN CLOSE COLLABORATION WITH THE U.S. DEPARTMENT OF COMMERCE AND THE NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST) FOLLOWING THEIR MULTI-YEAR "REIMAGINATION" INITIATIVE. WHILE THE OPERATIONAL TRANSITION OF CERTAIN BALDRIGE PROGRAM FUNCTIONS IS ANTICIPATED IN FY2025, THE FOUNDATION DID NOT ASSUME THOSE RESPONSIBILITIES IN FY2024. INSTEAD, ITS ROLE FOCUSED ON: -SUPPORTING COMMUNICATION, CONTINUITY, AND OUTREACH -PARTICIPATING IN PLANNING AND COORDINATION CONVERSATIONS WITH STAKEHOLDERS -ENGAGING LEADERS THROUGHOUT THE BALDRIGE COMMUNITY -PREPARING THE ECOSYSTEM FOR A SMOOTH FY2025 TRANSITION THE FOUNDATION'S FY2024 EMPHASIS WAS PREPARATORY, COLLABORATIVE, AND STRATEGIC - HELPING LAY ESSENTIAL GROUNDWORK FOR THE BALDRIGE ENTERPRISE TO GROW ITS REACH, MODERNIZE ITS DELIVERY SYSTEMS, AND SCALE NATIONAL ENGAGEMENT IN FY2025 AND BEYOND. III. FY2024 PROGRAM ACCOMPLISHMENTS AND MISSION ADVANCEMENT 1. INSTITUTE FOR PERFORMANCE EXCELLENCE THE BALDRIGE FOUNDATION INSTITUTE FOR PERFORMANCE EXCELLENCE EXPANDED ITS ROLE AS A NATIONAL RESOURCE HUB FOR LEADERSHIP DEVELOPMENT, EXECUTIVE EDUCATION, ORGANIZATIONAL TRAINING, BENCHMARKING, AND RESEARCH. IN FY2024, THE INSTITUTE: -DELIVERED ONLINE COURSES, CERTIFICATION PROGRAMS, BEST-PRACTICE TOOLS, WEBINARS, AND PROFESSIONAL DEVELOPMENT -EXPANDED ACCESS TO SELF-PACED LEARNING AND BALDRIGE-ALIGNED LEADERSHIP CONTENT -BUILT MOMENTUM TOWARD MEMBERSHIP-BASED LEARNING COMMUNITIES -CONTINUED WORK TOWARD FUTURE BENCHMARKING, ASSESSMENT, AND ORGANIZATIONAL LEARNING SUPPORTS THESE ACTIVITIES STRENGTHENED THE FOUNDATION'S PUBLIC BENEFIT BY HELPING LEADERS AND ORGANIZATIONS APPLY PROVEN SYSTEMS TO IMPROVE STRATEGY EXECUTION, WORKFORCE ENGAGEMENT, CUSTOMER VALUE, OPERATIONAL PERFORMANCE, AND RESULTS. 2. NATIONAL LEADERSHIP AND ADVISORY COUNCILS (NLAC) IN FY2024, THE FOUNDATION ADVANCED PLANNING FOR NATIONAL LEADERSHIP AND ADVISORY COUNCILS, A NATIONWIDE SYSTEM OF SECTOR-BASED LEADERSHIP NETWORKS DESIGNED TO FOSTER PEER LEARNING, SHARED IMPROVEMENT, AND CROSS-SECTOR COLLABORATION. FY2024 ACTIVITIES FOCUSED ON: -STRUCTURE, CURRICULUM, AND ENGAGEMENT DESIGN -EXECUTIVE CHAIR DEVELOPMENT AND ONBOARDING FRAMEWORK -NATIONAL SCALING AND SECTOR SEQUENCING FOR FY2025 AND BEYOND 3. QUEST FOR EXCELLENCE - SUPPORT ROLE THE FOUNDATION SUPPORTED NIST AND BALDRIGE PROGRAM STAKEHOLDERS IN FY2024 BY ASSISTING IN COMMUNICATION, ENGAGEMENT, AND CONTINUITY CONNECTED TO THE QUEST FOR EXCELLENCE CONFERENCE. THE FOUNDATION DID NOT HOLD OPERATIONAL RESPONSIBILITY FOR QUEST IN FY2024; HOWEVER, WE HAVE LAID THE GROUNDWORK FOR FY2025 IN ANTICIPATION OF TAKING OVER THIS PROGRAM. 4. COMMUNITY AS THE 7TH SECTOR THE FOUNDATION CHAMPIONED THE NEWLY RECOGNIZED COMMUNITY SECTOR OF THE BALDRIGE AWARD, EXPANDING BALDRIGE IMPACT TO COMMUNITY COALITIONS FOCUSED ON CROSS-SECTOR RESULTS IN ECONOMIC VITALITY, HEALTH, WORKFORCE, AND QUALITY OF LIFE. 5. ADVOCACY AND GOVERNMENT ENGAGEMENT THE FOUNDATION CONTINUED SUSTAINED OUTREACH TO CONGRESS, PARTICULARLY THE COMMERCE, JUSTICE, SCIENCE (CJS) APPROPRIATIONS SUBCOMMITTEES, TO COMMUNICATE THE NATIONAL VALUE OF BALDRIGE AND REINFORCE BIPARTISAN SUPPORT. THE FOUNDATION ALSO CONTINUED ITS LONGSTANDING PRACTICE OF RECOGNIZING STATE-LEVEL AWARD RECIPIENTS AND CORRESPONDING WITH CONGRESSIONAL DELEGATIONS TO RAISE AWARENESS OF EXCELLENCE WITHIN THEIR STATES. 6. PHILANTHROPY AND THE MAC BALDRIGE SOCIETY FY2024 PHILANTHROPY INCLUDED SUPPORT FROM INDIVIDUAL DONORS, CORPORATE PARTNERS, INSTITUTE MEMBERS, AND MAC BALDRIGE SOCIETY CONTRIBUTORS. THESE INVESTMENTS HELP SUSTAIN EDUCATIONAL PROGRAMMING, ADVOCACY, LEADERSHIP DEVELOPMENT, AND PUBLIC-BENEFIT INITIATIVES ALIGNED WITH THE BALDRIGE MISSION. IV. THANKING OUR COMMUNITY WE EXTEND OUR DEEPEST APPRECIATION TO THE MANY PEOPLE AND ORGANIZATIONS THAT MAKE OUR MISSION POSSIBLE, INCLUDING OUR VOLUNTEERS, STRATEGIC PARTNERS, DONORS, INSTITUTE MEMBERS, MAC BALDRIGE SOCIETY SUPPORTERS, STATE-LEVEL COLLABORATORS, AND COMMUNITY CHAMPIONS ACROSS THE BALDRIGE ECOSYSTEM. YOUR BELIEF IN THIS WORK, AND IN US, STRENGTHENS OUR RESOLVE, EXPANDS OUR IMPACT, AND ENCOURAGES OUR TEAM EVERY DAY. WE ARE GRATEFUL FOR YOUR TRUST, GENEROSITY, AND PARTNERSHIP. TOGETHER, WE ARE BUILDING SOMETHING THAT MATTERS, FOR OUR COMMUNITIES, OUR WORKFORCE, AND OUR COUNTRY. V. STEWARDSHIP, ACCOUNTABILITY, AND RESPONSIBLE LEADERSHIP IN FY2024, THE FOUNDATION CONTINUED ITS COMMITMENT TO ETHICAL STEWARDSHIP, FINANCIAL ACCOUNTABILITY, DONOR TRANSPARENCY, AND MISSION-ALIGNED INVESTMENT. RESOURCES WERE CAREFULLY DIRECTED TOWARD PROGRAMS AND INITIATIVES SUCH AS THE INSTITUTE FOR PERFORMANCE EXCELLENCE, WHICH INCREASE PUBLIC BENEFIT, EXPAND ACCESS, AND ADVANCE EXCELLENCE ACROSS ALL SECTORS OF THE U.S. ECONOMY. VI. LOOKING AHEAD - A NATIONAL MOVEMENT FOR EXCELLENCE AS WE MOVE INTO FY2025, THE FOUNDATION REMAINS COMMITTED TO SUPPORTING A SMOOTH TRANSITION OF CERTAIN PROGRAM FUNCTIONS, EXPANDING ACCESS TO BALDRIGE-BASED EDUCATION AND TOOLS, AND STRENGTHENING THE SYSTEMS THAT SUPPORT AMERICA'S COMPETITIVENESS AND COMMUNITY RESILIENCE. OUR FOCUS REMAINS ON: -STRENGTHENING ORGANIZATIONS -DEVELOPING LEADERS AND THE WORKFORCE -ELEVATING COMMUNITY WELL-BEING -IMPROVING NATIONAL COMPETITIVENESS AND RESILIENCE EXCELLENCE MUST NOT BE THE EXCEPTION; IT MUST BE THE EXPECTATION. THE BALDRIGE FOUNDATION WILL CONTINUE ADVANCING A NATIONAL MOVEMENT THAT HELPS ORGANIZATIONS, COMMUNITIES, AND THE NATION THRIVE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $602,336 | $682,465 | -0.1% |
| Expenses | $716,557 | $834,188 | -0.1% |
| Net Income | $-114,221 | $-151,723 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOSH RACETTE | PRESIDENT & | 40.00 |
Officer
Director
|
$125,307 | $0 | $125,307 |
| AL FABER | RETIRED PRES | 40.00 |
Officer
Director
|
$65,932 | $0 | $65,932 |
| GEORGE BENSON | PAST CHAIR | 3.00 |
Director
|
$0 | $0 | $0 |
| RUSS BRANZELL | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| DIANE BROCKMEIER | VICE CHAIRMA | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATHRYN EGGLESTON | CHAIRMAN | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANK FUSCO | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN LEE | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| S PADMANABHAN | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| JOHN RAFFOUL | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| TONY SCOTT | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| DAVID SPONG | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| RULON STACEY | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $512,953 | $251,285 | $252,404 | $261,668 |
| 2025 | $602,336 | $716,557 | $19,208 | $-114,221 |
| 2024 | $682,465 | $834,188 | $125,107 | $-151,723 |
| 2023 | $1,010,498 | $1,166,940 | $312,592 | $-156,442 |
| 2022 | $1,443,625 | $1,734,371 | $418,162 | $-290,746 |
| 2021 | $536,089 | $1,315,605 | $713,833 | $-779,516 |
| 2020 | $1,986,621 | $1,288,245 | $1,489,217 | $698,376 |
| 2019 | $556,487 | $1,687,909 | $1,790,469 | $-1,131,422 |
| 2018 | $502,556 | $1,505,067 | $2,936,589 | $-1,002,511 |
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