THE SMALL MANUFACTURERS' INSTITUTE

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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

1994

Legal Domicile

Principal Officer

DAVID GOODREAU

Phone

8182980522

Tax Period

2021-07-01 to 2022-06-30

THE SMALL MANUFACTURERS' INSTITUTE, founded in 1994, is a micro nonprofit in the Education sector that reported $50K in total revenue in fiscal year 2021. Revenue surged 341% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 33% operating margin.

Mission

SMI CREATES INDUSTRY MODELS THAT GROW PROFIT, ENGAGE LOCAL LEADERSHIP, REVIVE VOACTIONAL EDUCATIONAL PROGRAMS, BUILD SKILLED WORKERS, AND INCREASE ECONOMIC GROWTH TO COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

EL CAMINO COMMUNITY COLLEGE:COSPONSORING INDUSTRY PROCESS IMPROVEMENT PROGRAMS AND SUPPORTING LOCAL MFG EDUCATION PROGRAMS.

Program 2

Expenses: $0 Revenue: $0

FAST BREAK:IS A DEVELOPMENT PROJECT SMI IS WORKING ON. IT IS A CAPSTONE PROJECT THAT ADDRESSES SYSTEMIC WEAKNESSES IN REGIONAL COMMUNITIES. FAST BREAK TRANSFORMS LIVES THROUGH INNOVATIVE JOB...

FAST BREAK:IS A DEVELOPMENT PROJECT SMI IS WORKING ON. IT IS A CAPSTONE PROJECT THAT ADDRESSES SYSTEMIC WEAKNESSES IN REGIONAL COMMUNITIES. FAST BREAK TRANSFORMS LIVES THROUGH INNOVATIVE JOB READINESS TRAINING. THE 10 WEEK INTENSIVE, WHOLE BRAIN, IMMERSION TYPE COURSE QUICKLY IMPROVES FOUNDATIONAL LEARNING SKILLS AS IT HELPS STUDENTS GAIN CAREER DIRECTION AND GROW EMOTIONALLY. GRADUATES ARE PLACED IN CAREER TRACK JOBS OR ENTER COLLEGE WITHOUT NEEDING REMEDIATION. THE PROGRAM ALSO REDUCES EMPLOYEE RECRUITMENT COSTS AND INCREASES TAX REVENUE FOR LOCAL COMMUNITIES. THIS PROGRAM CONTINUES TO BE IN DEVELOPMENT BY VOLUNTEERS AND SUPPORTED BY ONGOING ADMINISTRATIVE INFRASTRUCTURE OF SMI.

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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 (2021)

Revenue Breakdown

Contributions & Grants $30,080

Program Service Revenue $4,750

Investment Income $15,003

Other Revenue $433

TOTAL REVENUE $50,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $888

Other Expenses $33,789

TOTAL EXPENSES $33,789

Year-over-Year Comparison

	2021	2020	Change
Revenue	$50,266	$11,406	+3.4%
Expenses	$33,789	$6,292	+4.4%
Net Income	$16,477	$5,114	+2.2%

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

N/A

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
JOHN J CHOCHOLAK	DIRECTOR	2.00	Director	$0	$0	$0
ANTONIO CORDOVA	DIRECTOR	1.00	Director	$0	$0	$0
DR MARSHALL GARTENLAUB PHD	DIRECTOR	1.00	Director	$0	$0	$0
TAREK SHRAIBATI	DIRECTOR	1.00	Director	$0	$0	$0
KEN MECHSNER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GOODREAU	PRESIDENT AND CEO	30.00	Officer	$0	$0	$0
ROBERTO GUTIERREZ	VICE PRESIDENT	2.00	Officer	$0	$0	$0
DR RALPH D MILLS	SECRETARY-TREASURER	2.00	Officer	$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
2022	$50,266	$33,789	$129,044	$16,477
2021	$11,406	$6,292	$137,686	$5,114