Master Inspector Certifiecation Bo… - Form 990 Financial Data

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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

2008

Legal Domicile

Phone

7202728578

Tax Period

2024-01-01 to 2024-12-31

Master Inspector Certifiecation Board, founded in 2008, is a small nonprofit that reported $494K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 16% operating margin.

Mission

By administering the continuing education-experience-based Certified Master Inspector and Code Certified Master Inspector professional designations the Master Inspector Certification Board Inc. supports the inspection industrys advanced education providers and encourages experienced inspectors to maintain excellence throughout their careers. The professional designation are awarded to inspectors with the highest level of education and experience

Program Service Accomplishments

Program 1

Expenses: $416,201 Revenue: $493,959

The Master Inspector Certification Board awards and sdminsters two professional designations for the inspection industry. See Mission Statement above.

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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 $493,959

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $493,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $416,201

Other Expenses $416,201

TOTAL EXPENSES $416,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$493,959	$280,004	+0.8%
Expenses	$416,201	$242,912	+0.7%
Net Income	$77,758	$37,092	+1.1%

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

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
Nick Gromicko	Executive Director	4.00	Officer Director	$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
2024	$493,959	$416,201	$817,228	$77,758
2023	$280,004	$242,912	$739,470	$37,092
2021	$320,597	No data	$457,576	No data
2020	$361,294	$830,358	$136,979	$-469,064
2019	$311,442	$196,688	$606,043	$114,754
2018	$274,656	$246,705	$491,289	$27,951

Master Inspector Certifiecation Board