AmSkills Inc (EIN 823888203) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

Tom Mudano

Phone

7273011282

Tax Period

2023-10-01 to 2024-09-30

AmSkills Inc, founded in 2019, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 8% surplus.

Mission

Seek grants, funding sources and educate the community about the American manufacturing skills initiative by bringing together government, education, and industry to work together on building solutions for workforce development through apprenticeship training.

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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 $1,463,582

Program Service Revenue $128,569

Investment Income $5,699

Other Revenue $12,343

TOTAL REVENUE $1,610,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $716,783

Fundraising Expenses $19,071

Program Expenses $1,377,973

Other Expenses $760,648

TOTAL EXPENSES $1,477,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,610,193	$3,286,648	-0.5%
Expenses	$1,477,431	$1,428,778	+0.0%
Net Income	$132,762	$1,857,870	-0.9%

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

$84,156

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Roy Sweatman	Board Member	1.00	Director	$0	$0	$0
Andrew Laflin	Board Member	1.00	Director	$0	$0	$0
Peter Buczynsky	Board Member	1.00	Director	$0	$0	$0
Lori Romano	Board Member	1.00	Director	$0	$0	$0
Viggo Neilsen	Board Member	1.00	Director	$0	$0	$0
Joseph McGee	Board Member	1.00	Director	$0	$0	$0
Suzy Teele	Board Member	1.00	Director	$0	$0	$0
Tom Mudano	Executive Officer	40.00	Officer	$84,156	$0	$84,156
Leroy Yancey Jr	Chairperson	1.00	Officer	$0	$0	$0
Kathryn Starkey	Vice-Chairperson	1.00	Officer	$0	$0	$0
Scott Spoerl	Treasurer	1.00	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
2024	$1,610,193	$1,477,431	$6,376,297	$132,762
2023	$3,286,648	$1,428,778	$6,928,672	$1,857,870
2022	$2,929,101	$1,538,105	$5,169,783	$1,390,996

AmSkills Inc