MILLWRIGHT INDUSTRY TRUST (EIN 270324763) - 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

2009

Legal Domicile

Principal Officer

MARK MCGRIFF

Phone

2025466206

Tax Period

2023-01-01 to 2023-12-31

MILLWRIGHT INDUSTRY TRUST, founded in 2009, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PRESERVE AND REVITALIZE THE MILLWRIGHT INDUSTRY AND ESTABLISH COOPERATIVE AND HARMONIOUS LABOR MANAGEMENT RELATIONS WITHIN THE INDUSTRY AND IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT. TO PROVIDE THE HIGHEST, QUALITY, LOWEST COST POSSIBLE WHICH WILL INCREASE EMPLOYMENT OPPORTUNITIES FOR JOURNEYPERSON AND APPRENTICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,695,331

Investment Income $252

Other Revenue $0

TOTAL REVENUE $1,695,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $613,884

Fundraising Expenses $0

Other Expenses $1,485,549

TOTAL EXPENSES $2,099,433

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,695,583	$2,072,329	-0.2%
Expenses	$2,099,433	$1,444,139	+0.5%
Net Income	$-403,850	$628,190	-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

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

$346,757

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK MCGRIFF	CO-CHAIR LABOR	2.00	Director	$0	$0	$0
WAYNE NORDIN	LABOR COMMITTEE	2.00	Director	$0	$0	$0
LOGAN BROWN	LABOR COMMITTEE	2.00	Director	$0	$0	$0
CHIP GOSNELL	LABOR COMMITTEE	2.00	Director	$0	$0	$0
BRIAN LEMAIRE	LABOR COMMITTEE	2.00	Director	$0	$0	$0
JASON ENGLES	LABOR COMMITTEE	2.00	Director	$0	$0	$0
JOHN DUNN	LABOR COMMITTEE	2.00	Director	$0	$0	$0
DAN SIVERTSON	LABOR COMMITTEE	2.00	Director	$0	$0	$0
MARK BEARDSWORTH	LABOR COMMITTEE	2.00	Director	$0	$0	$0
ZACH MIDDLETON	LABOR COMMITTEE	2.00	Director	$0	$0	$0
JOHN DELSORDI	LABOR COMMITTEE	2.00	Director	$0	$0	$0
MARTIN ESPINOZA JR	LABOR COMMITTEE	2.00	Director	$0	$0	$0
MIKE BARNWELL	LABOR COMMITTEE	2.00	Director	$0	$0	$0
KURT KASHUBA	LABOR COMMITTEE	2.00	Director	$0	$0	$0
OLAF OLSEN	LABOR COMMITTEE	2.00	Director	$0	$0	$0
RYAN HYKE	LABOR COMMITTEE	2.00	Director	$0	$0	$0
TODD BEGEROWSKI	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
JAKE LOCKLEAR	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
MIKE MCCORMICK	CO-CHAIR MANAGEMENT	2.00	Director	$0	$0	$0
GREG MULHERIN	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
DARREN LETT	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
ROYCE GRAHAM	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
CHRIS STEVENS	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
KERRY FISHER	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
MIKE VLAMING	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
MIKE WYSOCKEY	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
PATRICIA PENNEY-ROUZES	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
ERIC SIELAFF	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
PAUL ELGATIAN	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
THOMAS TUOZZOLO	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
LINDSAY LANGILL	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
SCOTT SNEYD	MANAGEMENT COMMITTEE	2.00	Director	$0	$0	$0
MARK BENACQUISTO	EXECUTIVE DIRECTOR	40.00	Officer	$248,426	$98,331	$346,757
BENJAMIN HIGGINBOTHAM	MWPD UBC RECRUITER	40.00	Highest	$145,120	$66,586	$211,706

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	No data	No data	No data	No data
2023	$1,695,583	$2,099,433	$3,004,283	$-403,850
2022	$2,072,329	$1,444,139	$3,342,101	$628,190
2021	$1,667,740	$1,106,448	$2,714,500	$561,292
2020	$1,452,467	$2,178,708	$2,157,886	$-726,241
2019	$1,845,679	$2,031,090	$2,922,114	$-185,411
2018	$1,451,445	$1,240,126	$3,120,736	$211,319

MILLWRIGHT INDUSTRY TRUST