THE VIBRATION INSTITUTE

EIN: 237260549 501(c)(3) Science & Technology

NAPERVILLE, IL

Total Revenue
$2,073,600
Total Expenses
$1,594,039
Total Assets
$3,137,017
Net Assets
$2,667,349
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
IL
Principal Officer
GYORGY SZASZ
Phone
6306542254
Tax Period
2024-01-01 to 2024-12-31

THE VIBRATION INSTITUTE, founded in 1972, is a community nonprofit in the Science & Technology sector that reported $2.1M in total revenue in fiscal year 2024. The organization ran a surplus of $480K, a strong 23% operating margin.

Mission

THE MISSION OF THE VIBRATION INSTITUTE IS TO DISSEMINATE PRACTICAL INFORMATION ON EVALUATING MACHINERY BEHAVIOR AND CONDITION WITHOUT COMMERCIAL INTEREST. THE INSTITUTE OFFERS PROGRAMS INCLUDING EDUCATION, TRAINING, CERTIFICATION, OPPORTUNITIES FOR EXCHANGE TECHNICAL KNOWLEDGE, INFORMATION, PROCEDURES, AND DATA THAT ARE OFFERED THROUGH MEETINGS, PUBLICATIONS, FORMAL TRAINING AND NETWORKING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,891,227
Investment Income $135,582
Other Revenue $46,791
TOTAL REVENUE $2,073,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $585,557
Fundraising Expenses $0
Program Expenses $1,148,650
Other Expenses $1,008,482
TOTAL EXPENSES $1,594,039

Year-over-Year Comparison

2024 2023 Change
Revenue $2,073,600 $1,953,982 +0.1%
Expenses $1,594,039 $1,441,594 +0.1%
Net Income $479,561 $512,388 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
8
Employees
7
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
3
$20,750
Total Directors
16
$141,970
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANINE KOMORNICK EXECUTIVE DI 40.00
Highest
$114,823 $4,583 $119,406
AUSTIN CREASY TECH DIR. OF 5.00
Director
$25,000 $0 $25,000
JACK PETERS DIRECTOR 5.00
Director
$24,700 $0 $24,700
GYORGY SZASZ PRESIDENT 10.00
Officer Director
$20,000 $0 $20,000
ROBERT SAYER PAST PRESIDE N/A
Director
$19,200 $0 $19,200
NANCY DENTON TECH. DIR. O 5.00
Director
$18,000 $0 $18,000
BARRY CEASE DIRECTOR 5.00
Director
$12,500 $0 $12,500
MONROE VOYLES DIRECTOR 1.00
Director
$10,400 $0 $10,400
BRIAN BIBY DIRECTOR 1.00
Director
$5,105 $0 $5,105
MICHAEL TITONE DIRECTOR 1.00
Director
$5,000 $0 $5,000
THOMAS LANTRIP DIRECTOR 1.00
Director
$1,315 $0 $1,315
ALY EL-SHAFEI VICE PRESIDE 10.00
Officer Director
$750 $0 $750
NELSON L BAXTER DIRECTOR 1.00
Director
$0 $0 $0
GENE BRADBURY DIRECTOR 1.00
Director
$0 $0 $0
DOUG ELAM DIRECTOR 1.00
Director
$0 $0 $0
DAVE HOWARD DIRECTOR 1.00
Director
$0 $0 $0
DAVID B SZROM SEC/TREASURE 10.00
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 $2,073,600 $1,594,039 $3,137,017 $479,561
2023 $1,953,982 $1,441,594 $2,518,249 $512,388
2022 $1,591,694 $1,674,687 $2,135,311 $-82,993
2021 $1,277,837 $1,269,817 $2,140,742 $8,020
2020 $914,774 $1,108,509 $1,992,943 $-193,735
2018 $1,833,362 $1,842,445 $1,879,218 $-9,083
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