MECHANICAL CONTRACTORS INDUSTRY CO… - 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

1902

Legal Domicile

Principal Officer

PHILLIP PETILLO JR

Phone

9739120042

Tax Period

2024-07-01 to 2025-06-30

MECHANICAL CONTRACTORS INDUSTRY COUNCIL OF NEW JERSEY INC, founded in 1902, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.9M left a modest 7% surplus.

Mission

TO DEVELOP, STIMULATE AND ENCOURAGE THE MECHANICAL CONTRACTING INDUSTRY AND TO IMPROVE LABOR MANAGEMENT RELATIONS THROUGH THE MEDIA OF RESEARCH, EDUCATION AND TRADE PROMOTION ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $1,885,311 Revenue: $2,037,256

TO DEVELOP, STIMULATE AND ENCOURAGE THE MECHANICAL CONTRACTING INDUSTRY AND TO IMPROVE LABOR MANAGEMENT RELATIONS THROUGH THE MEDIA OF RESEARCH, EDUCATION AND TRADE PROMOTION ACTIVITIES.

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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 $1,904,975

Program Service Revenue $0

Investment Income $132,281

Other Revenue $0

TOTAL REVENUE $2,037,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,885,311

Other Expenses $1,885,311

TOTAL EXPENSES $1,885,311

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,037,256	$1,910,699	+0.1%
Expenses	$1,885,311	$1,909,991	0.0%
Net Income	$151,945	$708	+213.6%

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

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
MARTIN DROBNY	EMPLOYEE	10.00	Officer Director	$0	$0	$0
NICHOLAS SAPNAR	CHAIRMAN	5.00	Officer Director	$0	$0	$0
KEVIN ARMISTEAD	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
MANNY SANTOS	TREASURER	5.00	Officer Director	$0	$0	$0
PHILLIP PETILLO JR	EXECUTIVE DIRECTOR	40.00	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
2025	$2,037,256	$1,885,311	$3,618,390	$151,945
2024	$1,910,699	$1,909,991	$3,287,429	$708
2023	$1,833,759	$1,877,692	$3,017,346	$-43,933
2022	$1,781,541	$1,768,268	$2,921,164	$13,273
2021	$1,826,264	$1,782,145	$3,170,698	$44,119

MECHANICAL CONTRACTORS INDUSTRY COUNCIL OF NEW JERSEY INC