The Corporation for Manufacturing Excellence Dba Manex
Nonprofit profile at a glance
- EIN
- 943228410
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- San Ramon, CA, USA
- Phone
- 9258075100
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Society Benefit N.E.C.
Reported finances
- Revenue
- $2,622,291
- Expenses
- $2,622,887
- Assets
- $1,739,442
- Liabilities
- $343,132
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Gene Russell (President & CEO)
Highest reported compensation
- Gene Russell (President & CEO): $274,024 total reported compensation
- Grace Steele (Director of Client Service): $233,113 total reported compensation
- Michael Shabaka (Director of Sales and Inno): $203,662 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote the creation of jobs and the expansion of the tax base through Northern California.
What it reported doing in 2024
NIST MEP Project, ETP and Events: The Corporation for Manufacturing Excellence (MANEX), a nonprofit public benefit corporation, was established in 1995 to provide services to small and medium-sized manufacturers in 14 Northern California counties. MANEX operates as a partner with California Manufacturing Technology Consulting (CMTC) through a subrecipient agreement, generating a 44.4% expense match via CMTC's five-year agreement with the National Institute of Standards and Technology (NIST) MEP.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 84
- Accountability: 95
- Sustainability: 28
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.1%; rating input score 98
- Program expense ratio: 98%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 91.7%; rating input score 92; 22nd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.66; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 42%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 1.4% per year; rating input score 100; 19th percentile among comparable filings
- Revenue growth: -3.5% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: -1.4% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 98.1% of revenue deployed · 98% of spending went to programs
- Governance: 11 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.6M in reported program spending
- Leadership: top reported pay $274K · 16 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $492K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.