THE INDUSTRIAL TRUCK ASSOCIATION

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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

1952

Legal Domicile

Principal Officer

BRIAN FEEHAN

Phone

2022969880

Tax Period

2025-01-01 to 2025-12-31

THE INDUSTRIAL TRUCK ASSOCIATION, founded in 1952, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2025.

Mission

TO DEVELOP STANDARDS FOR PRODUCT SAFETY AND PERFORMANCE IN THE INDUSTRIAL TRUCK AND TRACTOR INDUSTRY. THE COLLECTION AND DISSEMINATION OF STATISTICAL INFORMATION FOR ADVANCEMENT OF POWERED INDUSTRIAL TRUCK AND TRACTOR INDUSTRY. TO INTRODUCE SUPPLIERS TO MANUFACTURERS IN THE INDUSTRIAL TRUCK AND TRACTOR INDUSTRY.

Program Service Accomplishments

Program 1

STATISTICS--COLLECTION AND DISSEMINATION OF ACCURATE STATISTICAL INFORMATION RELATING TO THE POWERED INDUSTRIAL TRUCK AND TRACTOR (FORKLIFT) INDUSTRY.

Program 2

MEETINGS--SEMI-ANNUAL MEETINGS OF MEMBERS TO COMMUNICATE INFORMATION AND DISCUSS REGULATIONS AND DEVELOPMENTS IN THE INDUSTRY.

Program 3

ENGINEERING--ENGINEERING ACTIVITIES RELATING TO DEVELOPMENT OF INTERNATIONAL STANDARDS, OPERATING PRACTICES, AND COLLECTION OF INFORMATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $20,136

Program Service Revenue $3,049,779

Investment Income $7,409

Other Revenue $0

TOTAL REVENUE $3,077,324

Expense Breakdown

Grants Paid $189,142

Salaries & Benefits $1,356,663

Fundraising Expenses $0

Other Expenses $1,471,888

TOTAL EXPENSES $3,017,693

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,077,324	$2,866,819	+0.1%
Expenses	$3,017,693	$2,971,302	+0.0%
Net Income	$59,631	$-104,483	-1.6%

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

Volunteers

100

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

$527,238

Total Directors

Key Employees

$543,418

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT WOOD	CHAIRMAN OF THE BOARD	0.30	Officer Director	$0	$0	$0
JIM MOZER	FIRST VICE CHAIRMAN	0.30	Officer Director	$0	$0	$0
JAY GUSLER	SECOND VICE CHAIRMAN	0.30	Officer Director	$0	$0	$0
CHUCK PASCARELLI	SECRETARY	0.30	Officer Director	$0	$0	$0
LANCE MATHERN	MEMBER	0.30	Director	$0	$0	$0
DAN KOSSOW	MEMBER	0.30	Director	$0	$0	$0
DAVE FURMAN	MEMBER	0.30	Director	$0	$0	$0
JONATHAN DAWLEY	MEMBER	0.30	Director	$0	$0	$0
MIKE FIELD	MEMBER	0.30	Director	$0	$0	$0
KEVIN KRAKORA	MEMBER	0.30	Director	$0	$0	$0
CARL MODESETTE	MEMBER	0.30	Director	$0	$0	$0
TIM WANG	MEMBER	0.30	Director	$0	$0	$0
JIMMY ZHANG	MEMBER	0.30	Director	$0	$0	$0
JERRY SYTSMA	MEMBER	0.30	Director	$0	$0	$0
BILL FINERTY	MEMBER	0.30	Director	$0	$0	$0
ROBERTO COLARULLO	MEMBER	0.30	Director	$0	$0	$0
LEWIS BYERS	MEMBER	0.30	Director	$0	$0	$0
JARED WARD	MEMBER	0.30	Director	$0	$0	$0
BRIAN FEEHAN	PRESIDENT	35.00	Officer	$450,358	$53,618	$527,238
STACEY HARRISON	DIRECTOR OF STATISTICS AND FINANCE	40.00	Key Emp	$220,059	$44,929	$264,988
CHRISTOPHER MERTHER	MANAGER, TECHNICAL PROGRAM	35.00	Key Emp	$210,618	$56,933	$278,430
HANNAH LEE	MANAGER OF CONFERENCES AND EVENTS	35.00	Highest	$105,311	$15,964	$121,275

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	$3,077,324	$3,017,693	$1,110,082	$59,631
2024	$2,866,819	$2,971,302	$1,194,701	$-104,483
2023	$2,792,007	$2,861,411	$1,179,412	$-69,404
2022	$2,827,061	$2,714,935	$1,489,713	$112,126
2021	$2,653,752	$2,585,326	$940,681	$68,426
2020	$2,548,583	$2,363,261	$1,011,792	$185,322
2019	$2,894,642	$2,944,842	$803,389	$-50,200
2018	$2,527,669	$2,689,486	$577,662	$-161,817