INSTITUTE OF MAKERS OF EXPLOSIVES

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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

1913

Legal Domicile

Principal Officer

CLARK MICA

Phone

2024299280

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE OF MAKERS OF EXPLOSIVES, founded in 1913, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Expenses of $2.3M left a modest 9% surplus.

Mission

IME'S MISSION IS TO PROMOTE THE SAFE AND SECURE MANUFACTURE, TRANSPORT, DISTRIBUTION, AND USE OF COMMERCIAL EXPLOSIVES.

Program Service Accomplishments

Program 1

SAFETY & EDUCATION - COMPRISED OF PUBLICATIONS, ELEARNING, POSTERS, VIDEOS, SAFETY TRAINING KITS, ETC., ADDRESSING A VARIETY OF SUBJECTS ALL RELATING TO EXPLOSIVES SAFETY AND SECURITY.

Program 2

LEGISLATIVE REGULATORY AFFAIRS - THE INSTITUTE OF MAKERS OF EXPLOSIVES IS THE TRUSTED VOICE OF THE COMMERCIAL EXPLOSIVES INDUSTRY FOR POLICYMAKERS IN CONGRESS AND AT FEDERAL AGENCIES. THROUGH OUR...

LEGISLATIVE REGULATORY AFFAIRS - THE INSTITUTE OF MAKERS OF EXPLOSIVES IS THE TRUSTED VOICE OF THE COMMERCIAL EXPLOSIVES INDUSTRY FOR POLICYMAKERS IN CONGRESS AND AT FEDERAL AGENCIES. THROUGH OUR STRONG BIPARTISAN RELATIONSHIPS, WE ARE CONSTANTLY WORKING TO PROMOTE LEGISLATION AND REGULATIONS THAT SUPPORT A SAFE, SECURE, AND PRODUCTIVE BUSINESS ENVIRONMENT FOR THE COMMERCIAL EXPLOSIVES INDUSTRY.

Program 3

COMMUNICATION & MARKETING - THE INSTITUTE OF MAKERS OF EXPLOSIVES SERVES AS THE TRUSTED VOICE OF OUR MEMBERS AND THE COMMERCIAL EXPLOSIVES INDUSTRY. WORKING WITH OUR MEMBERS, STAKEHOLDER...

COMMUNICATION & MARKETING - THE INSTITUTE OF MAKERS OF EXPLOSIVES SERVES AS THE TRUSTED VOICE OF OUR MEMBERS AND THE COMMERCIAL EXPLOSIVES INDUSTRY. WORKING WITH OUR MEMBERS, STAKEHOLDER ORGANIZATIONS, AND THE MEDIA WE PROMOTE THE SAFE AND SECURE MANUFACTURE, TRANSPORT, DISTRIBUTION, AND USE OF COMMERCIAL EXPLOSIVES. IN ADDITION, WE MARKET OUR SAFETY EDUCATION MATERIALS THROUGH A BROAD AUDIENCE OF INDUSTRY PROFESSIONALS IN ORDER TO ENHANCE THE SAFETY AND SECURITY OF THE COMMERCIAL EXPLOSIVES INDUSTRY.

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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 $2,465,473

Program Service Revenue $5,227

Investment Income $41,660

Other Revenue $0

TOTAL REVENUE $2,512,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,413,301

Fundraising Expenses $0

Other Expenses $872,158

TOTAL EXPENSES $2,285,459

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,512,360	$2,363,479	+0.1%
Expenses	$2,285,459	$2,097,344	+0.1%
Net Income	$226,901	$266,135	-0.1%

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

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

$438,741

Total Directors

$302,342

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN C MICA	PRESIDENT	40.00	Officer Director	$283,090	$19,252	$302,342
TIM O'BRIEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JASON RAWLINGS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID ZOGHBY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK VALENTINO	DIRECTOR	1.00	Director	$0	$0	$0
JASON MCCANN	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL GREEN	DIRECTOR	1.00	Director	$0	$0	$0
LES WEISNER	DIRECTOR	1.00	Director	$0	$0	$0
WENDELL STINSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BELL	DIRECTOR	1.00	Director	$0	$0	$0
STUART WOOD	DIRECTOR	1.00	Director	$0	$0	$0
TIM DELANEY	DIRECTOR	1.00	Director	$0	$0	$0
FRED CARDILLO	DIRECTOR	1.00	Director	$0	$0	$0
LEN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BRADSHAW	DIRECTOR	1.00	Director	$0	$0	$0
RALPH HYMER	DIRECTOR	1.00	Director	$0	$0	$0
KENT HOOTS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RATHBUN	DIRECTOR	1.00	Director	$0	$0	$0
DYLAN DAILEY	DIRECTOR	1.00	Director	$0	$0	$0
ACHIM PABST	DIRECTOR	1.00	Director	$0	$0	$0
IAN MCNALLY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL GRELA	DIRECTOR	1.00	Director	$0	$0	$0
BILLY ANTHONY	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE SWANHORST	SECRETARY/TREASURER	40.00	Officer	$136,399	$0	$136,399
SUSAN FLANAGAN	EMPLOYEE	40.00	Highest	$199,331	$13,688	$213,019
JOSHUA HOFFMAN	EMPLOYEE	40.00	Highest	$165,356	$11,715	$177,071
JULIA BOGUE	EMPLOYEE	40.00	Highest	$148,446	$0	$148,446

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	$2,512,360	$2,285,459	$2,401,005	$226,901
2023	$2,363,479	$2,097,344	$2,345,893	$266,135
2022	$2,084,568	$2,003,621	$2,453,939	$80,947
2021	$1,262,584	$1,801,041	$1,377,958	$-538,457
2020	$1,904,528	$1,920,190	$1,850,187	$-15,662
2019	$2,545,847	$2,394,542	$1,966,143	$151,305
2018	$2,541,897	$2,503,763	$1,724,930	$38,134