PRECISION MANUFACTURING INSTITUTE

EIN: 251578241 501(c)(3)

MEADVILLE, PA

Total Revenue
$1,720,780
Total Expenses
$1,177,724
Total Assets
$3,144,521
Net Assets
$636,713
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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
1987
Legal Domicile
PA
Principal Officer
DENNIS F WILKE
Phone
8143332415
Tax Period
2020-07-01 to 2021-06-30

PRECISION MANUFACTURING INSTITUTE, founded in 1987, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2020. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $543K, a strong 32% operating margin.

Mission

OPERATION OF A TRADE SCHOOL

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $756,321
Program Service Revenue $754,414
Investment Income $154
Other Revenue $209,891
TOTAL REVENUE $1,720,780

Expense Breakdown

Grants Paid $0
Salaries & Benefits $610,436
Fundraising Expenses $0
Program Expenses $717,307
Other Expenses $567,288
TOTAL EXPENSES $1,177,724

Year-over-Year Comparison

2020 2019 Change
Revenue $1,720,780 $772,889 +1.2%
Expenses $1,177,724 $1,134,220 +0.0%
Net Income $543,056 $-361,331 -2.5%
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

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Governance

Voting Members
9
Independent Members
8
Employees
18
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
2
$0
Total Directors
9
$76,647
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM LANE SCHOOL DIREC 40.00
Director
$76,647 $0 $76,647
MARY BULA BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL FERRY BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG NEWELL BOARD MEMBER 1.00
Director
$0 $0 $0
ED PETRUNAK SECRETARY/TR 1.00
Officer Director
$0 $0 $0
LISA PUSTELAK BOARD MEMBER 1.00
Director
$0 $0 $0
JERMEY SHELATZ BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES SHORE BOARD MEMBER 1.00
Director
$0 $0 $0
DENNIS F WILKE CHAIRMAN OF 1.00
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
2021 $1,720,780 $1,177,724 $3,144,521 $543,056
2020 $772,889 $1,134,220 $3,230,923 $-361,331
2019 $939,055 $1,230,950 $3,245,260 $-291,895
2018 $1,049,557 $1,526,140 $3,443,728 $-476,583
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