DC 35 MANAGEMENT INDUSTRY BETTERMENT FUND (EIN 042460895) - 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

1970

Legal Domicile

Principal Officer

THOMAS GUNNING

Phone

9789751099

Tax Period

2023-01-01 to 2023-12-31

DC 35 MANAGEMENT INDUSTRY BETTERMENT FUND, founded in 1970, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $3.3M exceeded revenue, resulting in a 37% operating deficit.

Mission

INDUSTRY BETTERMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,390,197

Investment Income $40,475

Other Revenue $0

TOTAL REVENUE $2,430,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,328,489

Other Expenses $2,951,821

TOTAL EXPENSES $3,341,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,430,672	$2,171,566	+0.1%
Expenses	$3,341,065	$2,432,989	+0.4%
Net Income	$-910,393	$-261,423	+2.5%

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

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS STEEVES	CHAIRMAN	10.00	Director	$0	$0	$4,400
LAURENCE MILLER	VICE CHAIRMAN	10.00	Director	$0	$0	$0
MATTHEW SOEP	TREASURER	10.00	Director	$0	$0	$5,600
THOMAS GUNNING	FUND ADMINISTRATOR	10.00	Director	$0	$0	$4,800
MARK KENNEDY	TRUSTEE	10.00	Director	$0	$0	$3,200
RICHARD CARVER	TRUSTEE	10.00	Director	$0	$0	$0
LEE SULLIVAN	TRUSTEE	10.00	Director	$0	$0	$2,000

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	No data	No data	No data	No data
2023	$2,430,672	$3,341,065	$834,143	$-910,393
2022	$2,171,566	$2,432,989	$1,650,964	$-261,423
2021	$2,257,071	$1,879,045	$1,718,992	$378,026
2020	$2,028,105	$1,576,324	$1,469,417	$451,781
2019	$2,560,254	$2,241,132	$965,094	$319,122
2018	$2,382,206	$2,332,783	$729,118	$49,423

DC 35 MANAGEMENT INDUSTRY BETTERMENT FUND