MADISON AUTOMOTIVE APPRENTICES INC

EIN: 815439763 501(c)(3) Education

HARRISONBURG, VA

Total Revenue
$156,451
Total Expenses
$174,625
Total Assets
$418,470
Net Assets
$417,428
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
COLE SCROGHAM
Phone
5408105350
Tax Period
2023-01-01 to 2023-12-31

MADISON AUTOMOTIVE APPRENTICES INC, founded in 2017, is a small nonprofit in the Education sector that reported $156K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $175K exceeded revenue, resulting in a 12% operating deficit.

Mission

CREATE A NON-PROFIT AFFILIATE OF JAMES MADISON UNIVERSITY FEATURING SPACE FOR AN AUTOMOTIVE WORKSHOP, TO PREPARE AND EDUCATE STUDENTS AND THE GENERAL PUBLIC ASSISTED BY JMU FACULTY, TO FACILITATE LEARNING RELATED TO THE EDUCATION, HISTORY AND SOCIAL VALUE OF THE AUTOMOBILE.

Program Service Accomplishments

Program 1
Expenses: $16,373

MADISON AUTOMOTIVE APPRENTICES OFFERED A RECORD 5 INTERNSHIPS IN 2023, TO STUDENTS SEEKING ENGINEERING (X2), INDUSTRIAL DESIGN, HISTORY AND DIGITAL MARKETING DEGREES AT JAMES MADISON UNIVERSITY...

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MADISON AUTOMOTIVE APPRENTICES OFFERED A RECORD 5 INTERNSHIPS IN 2023, TO STUDENTS SEEKING ENGINEERING (X2), INDUSTRIAL DESIGN, HISTORY AND DIGITAL MARKETING DEGREES AT JAMES MADISON UNIVERSITY. THESE INTERNSHIPS HAVE GROWN INTO THE PRIMARY CONNECTION WITH CERTAIN STUDENTS WHO HAVE A FOCUSED INTEREST AND APTITUDE TO GET A MUCH DEEPER LOOK AT THE AUTOMOTIVE WORLD. MAAP HAS WIDENED OUR OUTLOOK TO INCLUDE A HISTORY INTERN THAT ALLOWS US TO PARTNER WITH THE JMU LIBRARY SYSTEM TO HOST DIGITIZATION OF SPECIALIZED PERIODICALS AVAILABLE ON THE NETWORK FOR RESEARCH AND APPRECIATION. MAAP ALSO ACTS AS AN "IDEA INCUBATOR" FOR STUDENTS TO LEARN FIRST-HAND ABOUT AREAS OF INTEREST IN THEIR CHOSEN FIELD OF STUDY AND PROVIDE REAL RESUME EXPERIENCE TO EMPLOYERS ON GRADUATION.

Program 2
Expenses: $54,022 Revenue: $40,815

FEE FOR SERVICE AUTOMOTIVE RESTORATION ACTIVITY CONTINUES TO BRING IN REVENUE FOR MAAP, AS WE PROVIDE RESTORATION SERVICES FOR BOTH COMPONENT AND OVERALL VEHICLE RESTORATION SERVICES. THIS YEAR MAAP...

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FEE FOR SERVICE AUTOMOTIVE RESTORATION ACTIVITY CONTINUES TO BRING IN REVENUE FOR MAAP, AS WE PROVIDE RESTORATION SERVICES FOR BOTH COMPONENT AND OVERALL VEHICLE RESTORATION SERVICES. THIS YEAR MAAP BEGAN A MULTI-YEAR PROJECT ON A 1968 PORSCHE 911S TARGA, AND RESTORATION SERVICES CONTINUE TO RISE AS THE RESTORATION FEE FOR SERVICE INCOME GENERATED 40% OF OUR TOTAL WORKSHOP REVENUE OF $103,815 FOR 2023. SERVICES ARE BILLED TO CLIENTS WILLING TO LET STUDENTS PERFORM THESE SERVICES WHILE SUPERVISED BY THE EXECUTIVE DIRECTOR IN THE MAAP WORKSHOP, WHICH IS ALSO USED AS TRAINING FOR STUDENT EMPLOYEES, INTERNS AND VOLUNTEERS. THESE STUDENT-LED SERVICES INCLUDE DISASSEMBLY AND PREPARATION OF VINTAGE VEHICLES USING PROGRAM MANAGEMENT PRINCIPLES, RESTORATION OF COMPONENT PARTS, OVERSIGHT OF OUTSIDE VENDORS (FOR EXAMPLE THE RE-CHROMING AND PLATING OF COMPONENT PARTS) AND FINAL ASSEMBLY OF THE AUTOMOBILE.

Program 3
Expenses: $19,776 Revenue: $72,000

FEE FOR SERVICE MOTORSPORT ACTIVITY INCLUDES DYNAMIC CHASSIS MEASUREMENT AND ADJUSTMENT, PREPARATION AND SUPPORT ACTIVITIES FOR MOTORSPORT VEHICLES AND GENERAL ENGINEERING ASSESSMENTS FOR IMPROVING...

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FEE FOR SERVICE MOTORSPORT ACTIVITY INCLUDES DYNAMIC CHASSIS MEASUREMENT AND ADJUSTMENT, PREPARATION AND SUPPORT ACTIVITIES FOR MOTORSPORT VEHICLES AND GENERAL ENGINEERING ASSESSMENTS FOR IMPROVING PERFORMANCE. THESE ACTIVITIES PROVIDED 61% OF WORKSHOP REVENUE FOR MAAP, MOSTLY THROUGH A CONTRACT WITH INTERNATIONAL MOTORSPORT ASSOCIATION (IMSA) TEAM JDC-MILLER MOTORSPORTS. THESE ACTIVITIES ARE SUPERVISED BY THE EXECUTIVE DIRECTOR COLE SCROGHAM WHO IS ALSO AN ACCOMPLISHED MOTORSPORT ENGINEER. STUDENTS WITH MOTORSPORT APTITUDE LEARN THE ENGINEERING PROCESS, DATA ACQUISITION TECHNIQUES AND OVERALL WORKFLOWS FOR A MOTORSPORT EVENT WHICH PROVIDES THEM WITH A UNIQUE PERSPECTIVE ON THEIR FUTURE INVOLVEMENT IN THE SPORT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $30,200
Program Service Revenue $117,842
Investment Income $8,409
Other Revenue $0
TOTAL REVENUE $156,451

Expense Breakdown

Grants Paid $6,706
Salaries & Benefits $58,303
Fundraising Expenses $0
Program Expenses $162,919
Other Expenses $109,616
TOTAL EXPENSES $174,625

Year-over-Year Comparison

2023 2022 Change
Revenue $156,451 $186,135 -0.2%
Expenses $174,625 $219,261 -0.2%
Net Income $-18,174 $-33,126 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
7
Employees
1
Volunteers
3

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
3
$55,349
Total Directors
8
$55,349
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLE SCROGHAM EXECUTIVE DIRECTOR 40.00
Officer Director
$55,349 $0 $55,349
TERESA HANGAR VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
ALAN LANDES TREASURER 2.00
Officer Director
$0 $0 $0
KEVIN BORG BOARD MEMBER 5.00
Director
$0 $0 $0
DANNY MARSHALL BOARD MEMBER 2.00
Director
$0 $0 $0
BILL WYATT BOARD MEMBER 2.00
Director
$0 $0 $0
BILL RITCHIE BOARD MEMBER 5.00
Director
$0 $0 $0
JOHN ODDEN BOARD MEMBER 5.00
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 $156,451 $174,625 $418,470 $-18,174
2022 $186,135 $219,261 $397,544 $-33,126
2021 $310,053 $258,900 $406,228 $51,153
2020 $383,108 $317,671 $344,470 $65,437
2019 $388,263 $294,976 $243,405 $93,287
2018 $324,508 $183,082 $150,114 $141,426
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