SOUTHERN ILLINOIS INDUSTRY FUND

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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

1977

Legal Domicile

Principal Officer

Nathan House

Phone

6186926806

Tax Period

2024-10-01 to 2025-09-30

SOUTHERN ILLINOIS INDUSTRY FUND, founded in 1977, is a small nonprofit that reported $214K in total revenue in fiscal year 2024. Expenses of $264K exceeded revenue, resulting in a 24% operating deficit.

Mission

Promotion of the sheet metal industry in the southern Illinois area

Program Service Accomplishments

Program 1

Expenses: $264,000 Revenue: $213,576

Through the payment of service fees to the Southern Illinois Sheetmetal Contractors Organization, an organization dedicated solely to the advancement of the industry in southern Illinois, the...

Through the payment of service fees to the Southern Illinois Sheetmetal Contractors Organization, an organization dedicated solely to the advancement of the industry in southern Illinois, the industry fund accomplished its mission of effectively promoting the sheet metal industry in the local area.

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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 $213,576

Investment Income $0

Other Revenue $0

TOTAL REVENUE $213,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $264,000

Other Expenses $264,000

TOTAL EXPENSES $264,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,576	$207,635	+0.0%
Expenses	$264,000	$224,000	+0.2%
Net Income	$-50,424	$-16,365	+2.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brad McPherson	Trustee	1	Director	$0	$0	$0
Bill Theiss	Trustee	1	Director	$0	$0	$0
Walter House	Trustee	1	Director	$0	$0	$0
Nathan House	Trustee/Chairman	1	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
2025	$213,576	$264,000	$98,698	$-50,424
2024	$207,635	$224,000	$149,122	$-16,365
2023	$219,722	$149,000	$165,487	$70,722
2022	$204,226	$210,820	$94,765	$-6,594