MICHIGAN COUNCIL OF WOMEN IN TECHNOLOGY FOUNDATION (EIN 611465371) - 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

2003

Legal Domicile

Principal Officer

ORLETTA CALDWELL

Phone

2482182578

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN COUNCIL OF WOMEN IN TECHNOLOGY FOUNDATION, founded in 2003, is a community nonprofit in the Youth Development sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MICHIGAN COUNCIL OF WOMEN IN TECHNOLOGY (MCWT) FOUNDATION'S MISSION IS TO INSPIRE AND GROW WOMEN IN TECHNOLOGY. OUR VISION IS TO MAKE MICHIGAN THE NO. 1 STATE FOR WOMEN IN TECHNOLOGY. THE FOUNDATION WAS ESTABLISHED TO ADDRESS THE CRITICAL ISSUE OF GENDER DISPARITY IN THE FIELD. KEY ORGANIZATIONAL ACTIVITIES TO INCREASE AND SUPPORT WOMEN IN IT INCLUDE PROGRAMMING, NETWORKING, LEARNING, MENTORING, AND EXPOSURE TO TECHNOLOGY ADVANCEMENTS FOR FEMALE PROFESSIONALS AND STUDENTS.

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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 $1,370,212

Program Service Revenue $414,060

Investment Income $44,891

Other Revenue $32,870

TOTAL REVENUE $1,862,033

Expense Breakdown

Grants Paid $181,375

Salaries & Benefits $1,032,338

Fundraising Expenses $163,331

Program Expenses $1,461,930

Other Expenses $1,032,812

TOTAL EXPENSES $2,246,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,862,033	$1,530,737	+0.2%
Expenses	$2,246,525	$1,573,212	+0.4%
Net Income	$-384,492	$-42,475	+8.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

500

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

$243,204

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL MAIORANO	PRESIDENT	5.00	Officer Director	$0	$0	$0
GRACE HANSEN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PAULETTE OZGA	SECRETARY	5.00	Officer Director	$0	$0	$0
DIANE JONES	TREASURER	5.00	Officer Director	$0	$0	$0
LARA LANE	MEMBER AT LARGE	5.00	Director	$0	$0	$0
COLEEN BORGIA	DIRECTOR	5.00	Director	$0	$0	$0
PAULA STOLAR	DIRECTOR	5.00	Director	$0	$0	$0
KAREN MACDONALD	DIRECTOR	5.00	Director	$0	$0	$0
CINDY SWIANTEK	DIRECTOR	5.00	Director	$0	$0	$0
AMY LUKE	DIRECTOR	5.00	Director	$0	$0	$0
KATHY GARCHOW	DIRECTOR	5.00	Director	$0	$0	$0
JILL BOWEN	DIRECTOR	5.00	Director	$0	$0	$0
SUSAN BOYD	DIRECTOR	5.00	Director	$0	$0	$0
BECKIE RISS	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS RYDZEWSKI KATRIVESIS	EXECUTIVE DIRECTOR (1/1-8/31)	40.00	Officer	$144,297	$0	$144,297
ORLETTA CALDWELL	EXECUTIVE DIRECTOR (4/1-12/31)	40.00	Officer	$98,907	$0	$98,907

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	$1,862,033	$2,246,525	$1,677,597	$-384,492
2022	$1,530,737	$1,573,212	$1,858,265	$-42,475
2021	$1,469,422	$1,230,702	$2,115,888	$238,720
2020	$1,311,754	$965,810	$1,748,741	$345,944
2019	$1,331,930	$1,259,447	$1,317,256	$72,483
2018	$1,264,075	$1,206,673	$1,267,071	$57,402

MICHIGAN COUNCIL OF WOMEN IN TECHNOLOGY FOUNDATION