MECHANICAL CONTRACTORS ASSOC OF TH… - 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

1958

Legal Domicile

Principal Officer

TOM HOLMES

Phone

5189251885

Tax Period

2024-01-01 to 2024-12-31

MECHANICAL CONTRACTORS ASSOC OF THE CAPITAL DISTRICT INC, founded in 1958, is a small nonprofit that reported $386K in total revenue in fiscal year 2024. Net assets of $1.1M represent 34 months of operating reserves.

Mission

DEVELOPMENT AND BETTERMENT OF THE MECHANICAL CONTRACTING INDUSTRY

Program Service Accomplishments

Program 1

THE ORGANIZATION CONTINUES TO NEGOTIATE FAIR AND EQUITABLE COLLECTIVE BARGAINING AGREEMENTS WITH UA LOCALS #7 AND #773.

Program 2

THE ORGANIZATION CONTINUES TO PROVIDE EDUCATIONAL OPPORTUNITIES, SEMINARS, AND CERTIFICATIONS FOR ITS MEMBERS.

Program 3

THE ORGANIZATION HAS WORKED TO SUPPORT AND HELP FUND THE UTICA COLLEGE STUDENT MECHANICAL CONTRACTORS ASSOC CHAPTER.

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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 $0

Program Service Revenue $342,078

Investment Income $43,746

Other Revenue $0

TOTAL REVENUE $385,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $381,785

TOTAL EXPENSES $381,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$385,824	$394,924	0.0%
Expenses	$381,785	$370,321	+0.0%
Net Income	$4,039	$24,603	-0.8%

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
TOM HOLMES	PRESIDENT	5.00	Officer	$0	$0	$0
JESSE GORMAN	VICE PRESIDENT	5.00	Officer	$0	$0	$0
DAN KEATING	TREASURER	5.00	Officer	$0	$0	$0
JESSICA SAVIGNANO	SECRETARY	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
2024	$385,824	$381,785	$1,099,582	$4,039
2023	$394,924	$370,321	$1,046,835	$24,603
2022	$301,658	$257,650	$958,250	$44,008
2021	$317,640	$164,883	$1,090,865	$152,757
2020	$321,036	$135,096	$951,420	$185,940
2019	$288,586	$233,422	$710,030	$55,164
2018	$280,132	$205,184	$616,187	$74,948

MECHANICAL CONTRACTORS ASSOC OF THE CAPITAL DISTRICT INC