MASSACHUSETTS DEMOLITION INDUSTRY ADVANCEMENT PROG (EIN 331032634) - 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

2012

Legal Domicile

Phone

6178391225

Tax Period

2024-01-01 to 2024-12-31

MASSACHUSETTS DEMOLITION INDUSTRY ADVANCEMENT PROG, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $167K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $44K, a strong 26% operating margin.

Mission

TO DEVELOP BUSINESS INTEREST IN AND PROMOTE THE DEMOLITION INDUSTRYTO PROVIDE EDUCATION AND TRAINING TO INDUSTRY PROFESSIONALS

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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 $125,068

Investment Income $42,045

Other Revenue $0

TOTAL REVENUE $167,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,781

Other Expenses $123,072

TOTAL EXPENSES $123,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,113	$144,531	+0.2%
Expenses	$123,072	$131,414	-0.1%
Net Income	$44,041	$13,117	+2.4%

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

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
DAVID PEARSON	CHAIRPERSON	1.00	Director	$0	$0	$0
DAVID M MICHALAK	TRUSTEE	1.00	Director	$0	$0	$0
ROGER PLOOF	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN PLOOF	TREASURER	1.00	Director	$0	$0	$0
MICHELLE MADDEN	TRUSTEE	1.00	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	$167,113	$123,072	$1,235,235	$44,041
2023	$144,531	$131,414	$1,191,194	$13,117
2022	$155,270	$85,787	$1,178,077	$69,483
2021	$134,424	$83,666	$1,108,594	$50,758
2020	$123,911	$61,855	$1,057,836	$62,056
2019	$143,955	$74,019	$995,780	$69,936
2018	$141,351	$6,697	$925,844	$134,654

MASSACHUSETTS DEMOLITION INDUSTRY ADVANCEMENT PROG