NEW ENGLAND MECHANICAL CONTRACTING INDUSTRY IMPROVEMENT FUND (EIN 042280400) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

STEPHEN AFFANATO

Phone

6174054221

Tax Period

2024-01-01 to 2024-12-31

NEW ENGLAND MECHANICAL CONTRACTING INDUSTRY IMPROVEMENT FUND, founded in 1977, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024.

Mission

TO DEVELOP THE MECHANICAL CONTRACTING INDUSTRY AND TO PROMOTE THE INTEREST AND WELFARE TO ITS MEMEBERS TO PROVIDE TRAINING AND JOB AWARENESS PROGRAMS.

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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 $0

Program Service Revenue $1,243,748

Investment Income $123,324

Other Revenue $0

TOTAL REVENUE $1,367,072

Expense Breakdown

Grants Paid $64,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,434,185

TOTAL EXPENSES $1,498,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,367,072	$1,321,735	+0.0%
Expenses	$1,498,685	$1,426,142	+0.1%
Net Income	$-131,613	$-104,407	+0.3%

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

N/A

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

$288,592

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GALLAGHER	CHAIRMAN	2.50	Officer Director	$0	$0	$0
ROBERT BOLTON	TRUSTEE	2.50	Director	$0	$0	$0
DAVID CANNISTRARO	TRUSTEE	2.50	Director	$0	$0	$0
FREDRIC DORCI	TRUSTEE	2.50	Director	$0	$0	$0
WILLIAM LYNCH	TRUSTEE	2.50	Director	$0	$0	$0
EDWARD MARKS	TRUSTEE	2.50	Director	$0	$0	$0
JOHN CANAVAN	TRUSTEE	2.50	Director	$0	$0	$0
MICHAEL GRINNELL	TRUSTEE	2.50	Director	$0	$0	$0
MICHAEL MACHADO	TRUSTEE	2.50	Director	$0	$0	$0
STEPHEN AFFANATO	EXECUTIVE VICE PRESIDENT	2.50	Key Emp	$0	$46,143	$288,592

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
2024	$1,367,072	$1,498,685	$2,512,639	$-131,613
2023	$1,321,735	$1,426,142	$2,665,573	$-104,407
2022	$1,463,792	$1,187,081	$2,620,935	$276,711
2021	$1,226,762	$1,113,232	$2,837,536	$113,530
2020	$1,005,435	$1,056,178	$2,513,952	$-50,743
2019	$1,254,869	$1,081,567	$2,454,222	$173,302
2018	$1,273,389	$1,196,570	$2,279,083	$76,819

NEW ENGLAND MECHANICAL CONTRACTING INDUSTRY IMPROVEMENT FUND