Industry Advancement Fund Mechanical Contractors Assoc of Rockland Orange & (EIN 136183014) - 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

1956

Legal Domicile

Principal Officer

Mark Whalen

Phone

8459870090

Tax Period

2024-02-01 to 2025-01-31

Industry Advancement Fund Mechanical Contractors Assoc of Rockland Orange &, founded in 1956, is a small nonprofit that reported $167K in total revenue in fiscal year 2024. The organization ran a surplus of $58K, a strong 35% operating margin.

Mission

To advance the Plumbing-heating-cooling 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 $143,689

Program Service Revenue $0

Investment Income $23,287

Other Revenue $0

TOTAL REVENUE $166,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $109,102

TOTAL EXPENSES $109,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$166,976	$169,186	0.0%
Expenses	$109,102	$86,980	+0.3%
Net Income	$57,874	$82,206	-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

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
Ron Lombardo	President	5.00	Officer	$0	$0	$0
Dominick Di Viesti	Vice President	5.00	Officer	$0	$0	$0
Andrew Cuomo	Executive Director	5.00	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	$166,976	$109,102	$661,595	$57,874
2024	$169,186	$86,980	$603,721	$82,206
2023	$134,663	$80,789	$521,515	$53,874
2022	$116,124	$112,618	$467,642	$3,506
2021	$108,862	$82,927	$464,135	$25,935
2020	$126,549	$150,146	$438,199	$-23,597
2019	$160,464	$117,967	$461,794	$42,497

Industry Advancement Fund Mechanical Contractors Assoc of Rockland Orange &