LIMA AREA MECHANICAL CONTRACTORS A… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

VALERIE POPE

Phone

9372780308

Tax Period

2024-01-01 to 2024-12-31

LIMA AREA MECHANICAL CONTRACTORS ASSOCIATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $149K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24K, a strong 16% operating margin.

Mission

TO PROMOTE SOUND LABOR RELATIONS THROUGH LABOR AND MANAGEMENT COOPERATION.

Program Service Accomplishments

Program 1

TO EDUCATE EMPLOYERS, EMPLOYEES, CUSTOMERS AND OTHERS WITH RESPECT TO NEW TECHNIQUES, IDEA AND METHODS THAT IMPROVES THE INDUSTRY.

Program 2

TO PROMOTE THE UNION SECTOR OF THE MECHANICAL CONTRACTING INDUSTRY.

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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 $225

Program Service Revenue $137,506

Investment Income $10,842

Other Revenue $0

TOTAL REVENUE $148,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $124,282

TOTAL EXPENSES $124,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,573	$96,847	+0.5%
Expenses	$124,282	$85,226	+0.5%
Net Income	$24,291	$11,621	+1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF ELEY	SECRETARY	0.50	Officer Director	$0	$0	$0
SAM HALKER	PRESIDENT	0.50	Officer Director	$0	$0	$0
VALERIE POPE	EXECUTIVE DI	0.50	Officer	$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	$148,573	$124,282	$306,519	$24,291
2023	$96,847	$85,226	$282,228	$11,621
2022	$90,263	$79,120	$270,607	$11,143
2021	$85,102	$68,255	$259,464	$16,847
2020	$174,128	$85,128	$242,617	$89,000
2019	$251,807	$148,970	$153,617	$102,837

LIMA AREA MECHANICAL CONTRACTORS ASSOCIATION