Industrial Training and Education Consortium of the Lehigh Valley
Nonprofit profile at a glance
- EIN
- 931656410
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Bethlehem, PA, USA
- Phone
- 6102666775
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $131,506
- Expenses
- $112,804
- Assets
- $114,233
- Liabilities
- $95,602
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- MORTEN RASMUSSEN (CHAIR)
- MARK TERVALON (VICE CHAIR)
- AYESHA HERRERA (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization was established by lehigh valley manufacturing companies to provide industrial skills training and talent development services that meet the needs of the region's growing manufacturing sector.
What it reported doing in 2024
The consortium consists of manufacturers, community and workforce partners and educators working together to meet the skilled labor needs of advanced manufacturers in the lehigh valley.
Operating model
- Revenue model
- Membership-supported. 97% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 47
- Transparency & Controls: 82
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.9%; rating input score 44
- Program expense ratio: 51.1%; rating input score 51
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 14.2%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 1.01; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.84; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 177.3% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 180.1% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 19.1% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 43.9% of revenue deployed · 51.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $58K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
- Review — Financial Efficiency: Program expense ratio scored 51/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.