NCSEA FOUNDATION INC

EIN: 842971213 501(c)(3) Education

CHICAGO, IL

Total Revenue
$212,115
Total Expenses
$235,431
Total Assets
$343,300
Net Assets
$343,300
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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
IL
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

ADVANCE STRUCTURAL ENGINEERING PROFESSION THROUGH TECHICAL DEVELOPMENT, EDUCATION, AND OUTREACH

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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 (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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
25

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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