FLEXTECH ALLIANCE INC

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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

1993

Legal Domicile

Principal Officer

DIANE BAXSTER

Phone

4087972220

Tax Period

2023-10-01 to 2024-09-30

FLEXTECH ALLIANCE INC, founded in 1993, is a mid-sized nonprofit that reported $51.3M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO BUILD A NATIONAL NETWORK FOR ADVANCED MANUFACTURING OF FLEXIBLE HYBRID ELECTRONICS.

Program Service Accomplishments

Program 1

SUCCESSFUL PROGRESS ON RESEARCH PROJECT CALLS IN AWARDING AND COMPLETING PLANNED RESEARCH AWARDS AND ISSUING A REQUEST FOR PROPOSALS FOR ADDITIONAL RESEARCH PROJECTS. OVERSEE THE RESEARCH PROJECTS...

SUCCESSFUL PROGRESS ON RESEARCH PROJECT CALLS IN AWARDING AND COMPLETING PLANNED RESEARCH AWARDS AND ISSUING A REQUEST FOR PROPOSALS FOR ADDITIONAL RESEARCH PROJECTS. OVERSEE THE RESEARCH PROJECTS ENSURING TECHNICAL AND FINANCIAL RESULTS ARE ALIGNED WITH APPROVED GOALS, MILESTONES, AND BUDGETS THROUGH TO SUCCESSFUL CONCLUSION.

Program 2

CONTINUED ADDING NEW MEMBERS AND PARTICIPANTS TO THE INSTITUTE MEMBERSHIP AND ADDING ADDITIONAL GOVERNMENT AGENCY FUNDED PROJECTS THROUGH MODIFICATIONS TO THE COOPERATIVE AGREEMENT.

Program 3

CONTINUED DEVELOPMENT AND EXPANSION OF AN EDUCATION, TRAINING AND WORKFORCE DEVELOPMENT PROGRAM TO HELP BUILD THE HUMAN CAPITAL BASE FOR A US FHE MANUFACTURING INDUSTRY.

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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 $50,288,695

Program Service Revenue $936,300

Investment Income $31,579

Other Revenue $0

TOTAL REVENUE $51,256,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,186,992

Fundraising Expenses $0

Other Expenses $41,917,850

TOTAL EXPENSES $51,104,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,256,574	$43,592,289	+0.2%
Expenses	$51,104,842	$42,847,888	+0.2%
Net Income	$151,732	$744,401	-0.8%

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

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

$1,398,947

Total Directors

$594,620

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALCOLM THOMPSON	EXECUTIVE DIRECTOR (THRU 12/23)	40.00	Officer Director	$560,811	$33,809	$594,620
MELISSA GRUPEN-SHEMANSKY	PRESIDENT & CEO	1.00	Officer Director	$0	$0	$0
KEVIN BAUER	SECRETARY	1.00	Officer Director	$0	$0	$0
AJIT MANOCHA	CHAIRMAN & DIRECTOR	1.00	Officer Director	$0	$0	$0
DOYLE EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
DAN GAMOTA	DIR., EXEC. DIR. (START 09/24)	40.00	Officer Director	$0	$0	$0
JESSICA GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
ART WALL	DIRECTOR OF FAB/INT. EXEC. DIR.	40.00	Officer	$371,854	$40,630	$412,484
DIANE BAXSTER	DIR. OF FIN./CFO/TREASURER	40.00	Officer	$367,266	$24,577	$391,843
JANOS VERES	DIRECTOR OF ENG	40.00	Highest	$356,981	$37,582	$394,563
ERICA ROMAN	CORPORATE COUNCIL	40.00	Highest	$316,857	$35,977	$352,834
ED HENDRICKS	DIRECTOR OF GOVT BD	40.00	Highest	$264,314	$47,367	$311,681
SCOTT MILLER	DIRECTOR OF TECH	40.00	Highest	$260,657	$47,220	$307,877
KAREN SAVALA	DIRECTOR OF MARKETING	40.00	Highest	$250,122	$27,573	$277,695

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	$51,256,574	$51,104,842	$60,975,284	$151,732
2023	$43,592,289	$42,847,888	$54,179,758	$744,401
2022	$42,936,461	$41,232,162	$51,281,915	$1,704,299
2021	$61,964,414	$61,703,899	$34,447,158	$260,515
2020	$33,762,499	$34,731,590	$20,159,324	$-969,091
2019	$29,747,979	$31,116,591	$20,705,340	$-1,368,612
2018	$30,138,236	$28,976,256	$29,796,862	$1,161,980