NCSEA FOUNDATION INC

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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

ALFRED SPADA

Phone

3126494600

Tax Period

2024-04-01 to 2025-03-31

NCSEA FOUNDATION INC, founded in 2019, is a small nonprofit in the Education sector that reported $212K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $235K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE NCSEA FOUNDATION SUPPORTS THE NONPROFIT ACTIVITIES OF THE NATIONAL COUNCIL OF STRUCTURAL ENGINEERS ASSOCIATIONS (NCSEA) AND ITS MEMBER ORGANIZATIONS IN ORDER TO ADVANCE THE STRUCTURAL ENGINEERING PROFESSION THROUGH TECHICAL DEVELOPMENT, EDUCATION, AND OUTREACH.

Program Service Accomplishments

Program 1

Expenses: $128,750

PROVIDE SCHOLARSHIPS AND ASSISTANCE TO ENSURE THE FUTURE STRUCTURAL ENGINEERING PROFESSION IS SUPPORTIVE AND INCLUSIVE OF ALL, THROUGH THE DIVERSITY IN STRUCTURAL ENGINEERING SCHOLARSHIP PROGRAM AND PROVIDING YOUNG MEMBER SCHOLARSHIPS TO COVER THE COSTS OF ATTENDING NCSEA'S ANNUAL STRUCTURAL ENGINEERING SUMMIT.

Program 2

Expenses: $18,500

ADVOCATE TO GROW AWARENESS OF THE PROFESSION AND ITS CONTRIBUTIONS TO SOCIETY WHILE SUPPORTING STRUCTURAL ENGINEERING ASSOCIATIONS (SEA) IN ENHANCING THEIR LOCAL COMMUNITIES THROUGH DEVELOPING...

ADVOCATE TO GROW AWARENESS OF THE PROFESSION AND ITS CONTRIBUTIONS TO SOCIETY WHILE SUPPORTING STRUCTURAL ENGINEERING ASSOCIATIONS (SEA) IN ENHANCING THEIR LOCAL COMMUNITIES THROUGH DEVELOPING CONTENT AIMED AT BUILDING OWNERS, DEVELOPERS, AND ARCHITECTS, AS WELL AS THE SEA GRANT PROGRAM DESIGNED TO ASSIST MEMBER SEA ORGANIZATIONS IN GROWING THEIR ASSOCIATIONS AND PROMOTING THE STRUCTURAL ENGINEERING FIELD THROUGH INNOVATIVE INITIATIVES.

Program 3

Expenses: $51,234

SUPPORT INNOVATION BY GUIDING THE ADOPTION OF TECHNOLOGY AND SERVICES THAT WILL INNOVATE THE PROFESSION AND ENABLING RESEARCH TO ADVANCE TECHNICAL AND CODE-RELATED DEVELOPMENT THROUGH PROVIDING...

SUPPORT INNOVATION BY GUIDING THE ADOPTION OF TECHNOLOGY AND SERVICES THAT WILL INNOVATE THE PROFESSION AND ENABLING RESEARCH TO ADVANCE TECHNICAL AND CODE-RELATED DEVELOPMENT THROUGH PROVIDING EDUCATION, FOSTERING INNOVATION, PROMOTING COLLABORATION, AND ADDRESSING INDUSTRY CHALLENGES RELATED TO ARTIFICIAL INTELLIGENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $206,800

Program Service Revenue $0

Investment Income $5,315

Other Revenue $0

TOTAL REVENUE $212,115

Expense Breakdown

Grants Paid $177,250

Salaries & Benefits $0

Fundraising Expenses $18,120

Program Expenses $198,484

Other Expenses $58,181

TOTAL EXPENSES $235,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,115	$327,743	-0.4%
Expenses	$235,431	$117,454	+1.0%
Net Income	$-23,316	$210,289	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS CERINO	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMI LORENZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN O'DELL	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN PETRUZZI	TREASURER	1.00	Officer Director	$0	$0	$0
RYAN KERSTING	PAST-PRESIDENT	1.00	Director	$0	$0	$0
ANDREW LOVENSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE RYLAND	DIRECTOR	1.00	Director	$0	$0	$0
ANGELINA STASULIS	DIRECTOR	1.00	Director	$0	$0	$0
CERVENTE SUDDUTH	DIRECTOR	1.00	Director	$0	$0	$0
JAEANNETTE TORRENTS	DIRECTOR	1.00	Director	$0	$0	$0
ALFRED SPADA	EXECUTIVE DIRECTOR (VIA PEOS)	4.00	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
2025	$212,115	$235,431	$343,300	$-23,316
2024	$327,743	$117,454	$366,631	$210,289