EDISON WELDING INSTITUTE (EIN 311119893) - 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

1985

Legal Domicile

Principal Officer

DR HENRY CIALONE

Phone

6146885000

Tax Period

2022-07-01 to 2023-06-30

EDISON WELDING INSTITUTE, founded in 1985, is a mid-sized nonprofit in the Employment sector that reported $29.5M in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $33.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

ADVANCING OUR CUSTOMERS' MANUFACTURING COMPETITIVENESS THROUGH INNOVATION IN JOINING AND ALLIED TECHNOLOGIES

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $29,332,778

Investment Income $-120,714

Other Revenue $288,034

TOTAL REVENUE $29,500,098

Expense Breakdown

Grants Paid $100

Salaries & Benefits $19,977,915

Fundraising Expenses $0

Program Expenses $28,391,938

Other Expenses $13,181,793

TOTAL EXPENSES $33,159,808

Year-over-Year Comparison

	2022	2021	Change
Revenue	$29,500,098	$26,297,457	+0.1%
Expenses	$33,159,808	$28,918,843	+0.1%
Net Income	$-3,659,710	$-2,621,386	+0.4%

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

174

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

$1,337,217

Total Directors

$588,923

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR HENRY CIALONE	PRESIDENT & CEO	45.00	Officer Director	$448,123	$36,800	$484,923
GREG MOORE	CHAIR	1.00	Officer Director	$28,000	$0	$28,000
CARMEN SPENCER	VICE CHAIR	1.00	Officer Director	$28,000	$0	$28,000
CONNIE BUYNACEK	BOARD MEMBER	1.00	Director	$12,000	$0	$12,000
DAVID COLLIE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE DORIA	BOARD MEMBER	1.00	Director	$0	$0	$0
TREVOR GRAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG LUCIANI	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MURTAGH	BOARD MEMBER	1.00	Director	$12,000	$0	$12,000
TANNIS PROULX	BOARD MEMBER	1.00	Director	$0	$0	$0
BONNIE ROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX RUELOKKE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSS THOMPSON III	BOARD MEMBER	1.00	Director	$12,000	$0	$12,000
DAN WRIGHT	BOARD MEMBER	1.00	Director	$12,000	$0	$12,000
KELLY J JENKINS	CHIEF OPERATING OFFICER	45.00	Officer	$261,979	$19,566	$281,545
ROY LYDIC	CFO	42.00	Officer	$237,734	$30,810	$268,544
MARK SCHIMMING	VP GOVERNMENT BUSINESS DEVELOPMENT	41.00	Officer	$228,530	$17,675	$246,205
JERRY GOULD	SENIOR TECHNOLOGY LEADER	43.00	Highest	$197,427	$28,727	$226,154
HOWARD MAROTTA	AM BUSINESS DIRECTOR	40.00	Highest	$195,570	$7,122	$202,692
RONALD LEE AMAN	SENIOR TECHNOLOGY LEADER	43.00	Highest	$192,694	$27,612	$220,306
JEFF ELLIS	SENIOR TECHNOLOGY LEADER	43.00	Highest	$190,113	$13,930	$204,043
THOMAS MCGAUGHY	SENIOR TECHNOLOGY LEADER	43.00	Highest	$185,038	$28,242	$213,280

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$29,500,098	$33,159,808	$22,566,810	$-3,659,710
2022	$26,297,457	$28,918,843	$17,016,566	$-2,621,386
2021	$26,796,850	$27,127,390	$21,098,156	$-330,540
2020	$30,160,684	$29,732,136	$23,258,662	$428,548
2019	$31,507,927	$31,393,381	$24,975,172	$114,546
2018	$26,132,050	$28,605,994	$25,902,296	$-2,473,944

EDISON WELDING INSTITUTE