CENTRAL IOWA MECHANICAL CONTRACTING INDUSTRY DEVELOPMENT FUND (EIN 237329890) - 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

1975

Legal Domicile

Principal Officer

SCOT STOLTENBERG

Phone

5153342616

Tax Period

2023-01-01 to 2023-12-31

CENTRAL IOWA MECHANICAL CONTRACTING INDUSTRY DEVELOPMENT FUND, founded in 1975, is a small nonprofit that reported $676K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $645K left a modest 5% surplus.

Mission

TO PROMOTE AND ADVANCE THE INTEREST OF THE MECHANICAL CONTRACTING INDUSTRY; TO PROMOTE ADEQUATE AND SAFE PLUMBING, HEATING, PROCESS PIPING, REFRIGERATION AND AIR CONDITIONING THROUGH EDUCATION, RESEARCH AND DEVELOPMENT PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $670,439

Investment Income $5,328

Other Revenue $0

TOTAL REVENUE $675,767

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $643,270

TOTAL EXPENSES $644,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$675,767	$576,729	+0.2%
Expenses	$644,770	$559,283	+0.2%
Net Income	$30,997	$17,446	+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

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

$214,527

Total Directors

$214,527

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY BRIDGEWATER	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
NATE HAGBERG	DIRECTOR	2.00	Director	$0	$0	$0
JIM SHAFFER JR	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
CLINT LEONARD	PAST CHAIRPERSON	2.00	Officer Director	$0	$0	$0
BOB BLASKOVICH	DIRECTOR	2.00	Director	$0	$0	$0
SCOT STOLTENBERG	EXECUTIVE V P	2.00	Officer Director	$0	$28,944	$214,527
TONI KNIGHT	TREASURER	2.00	Officer Director	$0	$0	$0
MATT ALLEN	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$675,767	$644,770	$363,467	$30,997
2022	$576,729	$559,283	$297,046	$17,446
2021	$528,503	$500,993	$342,651	$27,510
2020	$523,948	$512,247	$305,887	$11,701
2019	$542,297	$639,545	$265,764	$-97,248
2018	$574,350	$712,015	$314,432	$-137,665

CENTRAL IOWA MECHANICAL CONTRACTING INDUSTRY DEVELOPMENT FUND