HARRISONBURG, VA
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Sign In — Free (10 views/day)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.
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.
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...
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.
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...
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.
FEE FOR SERVICE MOTORSPORT ACTIVITY INCLUDES DYNAMIC CHASSIS MEASUREMENT AND ADJUSTMENT, PREPARATION AND SUPPORT ACTIVITIES FOR MOTORSPORT VEHICLES AND GENERAL ENGINEERING ASSESSMENTS FOR IMPROVING...
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.
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)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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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 |
|---|---|---|---|---|---|---|
| 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 |
| 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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