MADISON AUTOMOTIVE APPRENTICES INC (EIN 815439763) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

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 $325K in total revenue in fiscal year 2018. Revenue surged 244% from the prior year, signaling strong growth momentum. The organization ran a surplus of $141K, a strong 44% operating margin.

Mission

TO SHARE THE LOVE OF THE AUTOMOBILE WITH THE NEXT GENERATION, TO PROVIDE EDUCATIONAL AND BRIDGING OPPORTUNITIES FOR AUTOMOTIVE RESTORATION/PRESERVATION AND MOTORSPORT EXPERIENCES.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$55,349

Total Directors

$55,349

Key Employees

Highest Compensated

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

MADISON AUTOMOTIVE APPRENTICES INC