INDUSTRY DEV FUND FW MECHANICAL CONTRACTORS ASSOC OF IN INC (EIN 237440265) - 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

CURT MIRWALDT

Phone

3172554126

Tax Period

2024-06-01 to 2025-05-31

INDUSTRY DEV FUND FW MECHANICAL CONTRACTORS ASSOC OF IN INC, founded in 1975, is a small nonprofit that reported $177K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 17% operating margin.

Mission

A TRADE ASSOCIATION ESTABLISHED TO REPRESENT AND SERVICE ITS MEMBERS IN THE MECHANICAL INDUSTRY. IT ACTS AS THE INDUSTRYS VOICE IN DEALING WITH THE PUBLIC, STATE AND LOCAL GOVERNMENT, OTHER CONSTRUCTION INDUSTRY GROUPS, AND LABOR. ITS PRIMARY FOCUS IS EDUCATION, LABOR RELATIONS, AND MULTI-EMPLOYER COLLECTIVE BARGAINING.

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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 $191,964

Program Service Revenue $0

Investment Income $101

Other Revenue $-15,418

TOTAL REVENUE $176,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $146,504

TOTAL EXPENSES $146,504

Year-over-Year Comparison

	2024	2023	Change
Revenue	$176,647	$428,968	-0.6%
Expenses	$146,504	$404,048	-0.6%
Net Income	$30,143	$24,920	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURT MIRWALDT	PRESIDENT	0.50	Officer Director	$0	$0	$0
BRAD JENKINS	DIRECTOR	0.50	Director	$0	$0	$0
JUAN ARAMBULA	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
CHRIS QUINN	MCAI - EVP	5.00	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
2025	$176,647	$146,504	$146,376	$30,143
2024	$428,968	$404,048	$116,233	$24,920
2023	$346,358	$415,313	$91,313	$-68,955
2022	$312,918	$385,067	$160,268	$-72,149
2021	$281,194	$221,181	$232,417	$60,013
2020	$286,226	$240,328	$172,404	$45,898
2019	$288,094	$260,036	$126,506	$28,058

INDUSTRY DEV FUND FW MECHANICAL CONTRACTORS ASSOC OF IN INC