INDUSTRY DEVELOPMENT FUND (EIN 237315360) - Form 990 Financial Analysis & Trantor Score

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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

1970

Legal Domicile

Principal Officer

KELSEY JOHNSON

Phone

4025923330

Tax Period

2024-01-01 to 2024-12-31

INDUSTRY DEVELOPMENT FUND, founded in 1970, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $442K, a strong 31% operating margin.

Mission

TO PROMOTE THE MECHANICAL CONTRACTING INDUSTRY.

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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 $1,311,213

Investment Income $124,053

Other Revenue $0

TOTAL REVENUE $1,435,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,503

Fundraising Expenses $0

Program Expenses $557,836

Other Expenses $857,861

TOTAL EXPENSES $993,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,435,266	$1,415,269	+0.0%
Expenses	$993,364	$947,698	+0.0%
Net Income	$441,902	$467,571	-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

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

$87,588

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BENA	TRUSTEE	1.00	Director	$0	$0	$0
ALEX JAMBOR	TRUSTEE	1.00	Director	$0	$0	$0
JOHN HILLEBRANDT	TRUSTEE	1.00	Director	$0	$0	$0
RON BRASEL	TRUSTEE	1.00	Director	$0	$0	$0
MIKE BARNES	TRUSTEE	1.00	Director	$0	$0	$0
CHAD WESTPHALEN	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS EDEN	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN PRINCE	TRUSTEE	1.00	Director	$0	$0	$0
JEFF BARNES	TRUSTEE	1.00	Director	$0	$0	$0
KELSEY JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$80,459	$7,129	$87,588

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	$1,435,266	$993,364	$3,215,738	$441,902
2023	$1,415,269	$947,698	$2,862,357	$467,571
2022	$1,179,329	$873,473	$2,353,567	$305,856
2021	$1,108,624	$1,243,667	$2,025,506	$-135,043
2020	$1,021,479	$643,972	$2,063,453	$377,507

INDUSTRY DEVELOPMENT FUND