MECHANICAL CONTRACTORS ASSOCIATION CONNECTICUT INDUSTRY FUND (EIN 061401623) - 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

1994

Legal Domicile

Principal Officer

JACK MCKENNEY

Phone

2032810588

Tax Period

2024-06-01 to 2025-05-31

MECHANICAL CONTRACTORS ASSOCIATION CONNECTICUT INDUSTRY FUND, founded in 1994, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $507K, a strong 25% operating margin.

Mission

GENERAL ADMINISTRATION OF THE INDUSTRY FUND.

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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 $1,910,240

Program Service Revenue $0

Investment Income $112,232

Other Revenue $-21,843

TOTAL REVENUE $2,000,629

Expense Breakdown

Grants Paid $13,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,547,675

Other Expenses $1,480,332

TOTAL EXPENSES $1,493,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,000,629	$1,567,667	+0.3%
Expenses	$1,493,332	$1,569,503	0.0%
Net Income	$507,297	$-1,836	-277.3%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED CARVALHO	PRESIDENT	2.00	Officer	$0	$0	$0
RON RUOTOLO	VICE PRESIDENT	2.00	Officer	$0	$0	$0
PHIL WARZECHA	PAST PRESIDENT	2.00	Officer	$0	$0	$0
KRISTEN BRAINERD	EXECUTIVE VICE PRESIDENT	10.00	Officer	$0	$0	$0
LOU FONDA	TREASURER	2.00	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	$2,000,629	$1,493,332	$3,954,273	$507,297
2024	$1,567,667	$1,569,503	$3,344,340	$-1,836
2023	$1,419,783	$1,407,041	$3,091,052	$12,742
2022	$1,328,354	$1,563,341	$3,078,310	$-234,987
2021	$1,151,524	$728,793	$3,415,098	$422,731
2020	$1,460,737	$1,128,205	$2,858,198	$332,532
2019	$1,949,525	$1,293,425	$2,459,558	$656,100

MECHANICAL CONTRACTORS ASSOCIATION CONNECTICUT INDUSTRY FUND