METAL TREATING INSTITUTE INC

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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

1933

Legal Domicile

Principal Officer

TOM MORRISON

Phone

9042490448

Tax Period

2025-01-01 to 2025-12-31

METAL TREATING INSTITUTE INC, founded in 1933, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2025. Revenue fell 40% from the prior year — a significant decline worth monitoring.

Mission

METAL TREATING INSTITUTE, INC. IS A NOT-FOR-PROFIT TRADE ASSOCIATION OF COMPANIES THAT ARE ENGAGED IN THE BUSINESS OF HEAT TREATING METALS OR METAL PRODUCTS.

Program Service Accomplishments

Program 1

Expenses: $1,086,349

METAL TREATING INSTITUTE, INC. (THE ORGANIZATION) IS A NOT-FOR-PROFIT TRADE ASSOCIATION OF COMPANIES THAT IS ENGAGED IN THE BUSINESS OF HEAT TREATING METALS OR METAL PRODUCTS. THE ORGANIZATION...

METAL TREATING INSTITUTE, INC. (THE ORGANIZATION) IS A NOT-FOR-PROFIT TRADE ASSOCIATION OF COMPANIES THAT IS ENGAGED IN THE BUSINESS OF HEAT TREATING METALS OR METAL PRODUCTS. THE ORGANIZATION PRODUCES FURNACES NORTH AMERICA, THE LARGEST HEAT TREAT ONLY CONFERENCE IN NORTH AMERICA; HOSTS THE ONLINE TECHNICAL TRAINING ACADEMY; AND CONDUCTS MANAGEMENT TRAINING IN HEAT TREATING. THE ORGANIZATIONS PRIMARY SOURCES OF REVENUE ARE FROM WORLDWIDE MEMBERSHIP DUES, SPONSORSHIPS, MEMBERSHIP MEETINGS, AND TRAINING. THE EXECUTIVE OFFICES OF THE ORGANIZATION ARE IN WHITE HOUSE, TENNESSEE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,297,369

Investment Income $12,293

Other Revenue $15,598

TOTAL REVENUE $1,325,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,086,349

Other Expenses $1,307,512

TOTAL EXPENSES $1,307,512

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,325,260	$2,208,294	-0.4%
Expenses	$1,307,512	$2,040,533	-0.4%
Net Income	$17,748	$167,761	-0.9%

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

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
PAUL ARMITAGE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN QUAGLIA	TREASURER	2.00	Officer Director	$0	$0	$0
DEIDRA MINERD	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
RYAN FUSSELL	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON OROSZ	AT LARGE	1.00	Director	$0	$0	$0
GREG BLACKBURN	DIRECTOR - CENTRAL	1.00	Director	$0	$0	$0
SHANNON RICCHIARDO	DIRECTOR - EAST	1.00	Director	$0	$0	$0
BEN GASBARRE	ASSOCIATE	1.00	Director	$0	$0	$0
RICK CLIFT	DIRECTOR - CANADA	1.00	Director	$0	$0	$0
ANDREW ORR	AT LARGE	1.00	Director	$0	$0	$0
GREG TEMPLE	AT LARGE	1.00	Director	$0	$0	$0
CLIF COLEMAN	DIRECTOR - EAST	1.00	Director	$0	$0	$0
MARTIN BALK	AT LARGE	1.00	Director	$0	$0	$0
TONY SALERNO	ASSOCIATE	1.00	Director	$0	$0	$0
HEATHER FALCONE	DIRECTOR - WEST	1.00	Director	$0	$0	$0
JASON BREUER	DIRECTOR - CENTRAL	1.00	Director	$0	$0	$0
BOB LYMAN	DIRECTOR - EAST	1.00	Director	$0	$0	$0
DAVE SECRIST	AT LARGE	1.00	Director	$0	$0	$0
ROY ADKINS	AT LARGE	1.00	Director	$0	$0	$0
WILL RASSIEUR	AT LARGE	1.00	Director	$0	$0	$0
TOM MORRISON	CEO MTI MANAGEMENT	40.00	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	$1,325,260	$1,307,512	$1,646,732	$17,748
2024	$2,208,294	$2,040,533	$1,499,795	$167,761
2023	$1,200,102	$1,214,279	$1,368,296	$-14,177
2022	$1,499,122	$1,423,602	$1,186,449	$75,520
2021	$964,793	$984,551	$1,225,367	$-19,758
2020	$934,472	$914,709	$1,295,695	$19,763
2019	$1,093,651	$1,003,921	$1,195,000	$89,730
2018	$1,521,787	$1,439,601	$1,087,208	$82,186