MICHIGAN CONVEYOR MANUFACTURERS ASSN INDUSTRY ADVANCEMENT PROGRAM (EIN 260567174) - 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

2007

Legal Domicile

Principal Officer

TODD BEGEROWSKI

Phone

2489721000

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN CONVEYOR MANUFACTURERS ASSN INDUSTRY ADVANCEMENT PROGRAM, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $137K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 79% operating margin.

Mission

THE MICHIGAN CONVEYOR MANUFACTURERS ASSOCIATION INDUSTRY ADVANCEMENT PROGRAM IS CRAFTED FOR THE PURPOSE OF PROMOTING AND REPRESENTING COMMON BUSINESS INTERESTS OF AND IMPROVE BUSINESS CONDITIONS AMONG MEMBERS, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

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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 $130,431

Investment Income $6,317

Other Revenue $0

TOTAL REVENUE $136,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,036

Other Expenses $28,036

TOTAL EXPENSES $28,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,748	$111,606	+0.2%
Expenses	$28,036	$7,408	+2.8%
Net Income	$108,712	$104,198	+0.0%

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
TODD BEGEROWSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE SCHULTS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TED WOODBECK	TREASURER	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
2024	$136,748	$28,036	$705,441	$108,712
2023	$111,606	$7,408	$596,729	$104,198

MICHIGAN CONVEYOR MANUFACTURERS ASSN INDUSTRY ADVANCEMENT PROGRAM