MIDWEST INSULATION CONTRACTORS ASSOCIATION INC

EIN: 237097826

DAYTON, OH

Total Revenue
$465,954
Total Expenses
$423,070
Total Assets
$957,497
Net Assets
$957,497
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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
NE
Principal Officer
RACHEL PINKUS
Phone
8882940084
Tax Period
2023-01-01 to 2023-12-31

MIDWEST INSULATION CONTRACTORS ASSOCIATION INC, founded in 1956, is a small nonprofit that reported $466K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $423K left a modest 9% surplus.

Mission

EDUCATE AND INFORM MEMBERS ABOUT INSULATION PRACTICES

Program Service Accomplishments

Program 1

TO GATHER, PREPARE, AND DISTRIBUTE INFORMATION RELATING TO THE USE AND BENEFITS OF MECHANICAL SYSTEMS INSULATION AND TO PROMOTE THE USE OF INSULATION GENERALLY.

Program 2

TO FURNISH INFORMATION, EDUCATION, AND COMMUNICATION ON LABOR MATTERS WHICH ARE OF COMMON CONCERN TO THOSE MEMBERS OF THE ASSOCIATION TO WHICH IT PERTAINS.

Program 3

TO IMPROVE THE BUSINESS SKILLS OF THE MEMBERS OF THE ASSOCIATION AND TO KEEP THEM ADVISED OF NEW PRODUCTS AND USES, SAFETY, AND OTHER ISSUES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $95,454
Program Service Revenue $246,719
Investment Income $64,703
Other Revenue $59,078
TOTAL REVENUE $465,954

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $423,070
TOTAL EXPENSES $423,070

Year-over-Year Comparison

2023 2022 Change
Revenue $465,954 $416,268 +0.1%
Expenses $423,070 $416,543 +0.0%
Net Income $42,884 $-275 -156.9%
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

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Governance

Voting Members
6
Independent Members
6
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
7
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG BARTON PAST PRESIDE N/A
Director
$0 $0 $0
ANDREW HIATT ASSOCIATE PR N/A
Officer Director
$0 $0 $0
CARL PETERSEN VP N/A
Officer Director
$0 $0 $0
KEVIN RAMBO PRES ELECT N/A
Officer Director
$0 $0 $0
LEE STUCKENSCHMIDT PRESIDENT N/A
Officer Director
$0 $0 $0
LOUIS WALTON ASSOCIATE PR N/A
Officer Director
$0 $0 $0
RACHEL PINKUS EXECUTIVE DI N/A
Officer
$0 $0 $0
MEGAN POPE MANAGING DIR N/A
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 No data No data No data No data
2023 $465,954 $423,070 $957,497 $42,884
2022 $416,268 $416,543 $869,221 $-275
2021 $257,834 $233,330 $813,042 $24,504
2020 $194,953 $190,681 $788,538 $4,272
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