HIGHER EDUCATION MAKERSPACES INITIATIVE INC

EIN: 824508587 501(c)(3) Education

CAMBRIDGE, MA

Total Revenue
$257,235
Total Expenses
$211,440
Total Assets
$107,324
Net Assets
$107,324
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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
2018
Legal Domicile
MA
Tax Period
2022-07-01 to 2023-06-30

HIGHER EDUCATION MAKERSPACES INITIATIVE INC, founded in 2018, is a small nonprofit in the Education sector that reported $257K in total revenue in fiscal year 2022. The organization ran a surplus of $46K, a strong 18% operating margin.

Mission

The Higher Education Makerspaces Initiatives HEMI is a collaborative of leading universities focused on solving the challenges of academic makerspaces and making their combined learnings available to others. HEMI hosts an annual convention and publishes an electronic academic journal.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $257,235
Investment Income $0
Other Revenue $0
TOTAL REVENUE $257,235

Expense Breakdown

Grants Paid $8,618
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $175,026
Other Expenses $202,822
TOTAL EXPENSES $211,440

Year-over-Year Comparison

2022 2021 Change
Revenue $257,235 N/A N/A
Expenses $211,440 N/A N/A
Net Income $45,795 N/A N/A
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
20

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marlo Kohn President 2.00
Officer
$0 $0 $0
Jonathan Hunt Treasurer 3.00
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
2023 $257,235 $211,440 $107,324 $45,795
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