INDUSTRIAL FASTENERS INSTITUTE (EIN 340065420) - 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

1931

Legal Domicile

Principal Officer

DANIEL WALKER

Phone

2162411482

Tax Period

2023-01-01 to 2023-12-31

INDUSTRIAL FASTENERS INSTITUTE, founded in 1931, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO REPRESENT THE INDUSTRY TO ITS SUPPLIERS, CUSTOMERS, THE GOVERNMENT, AND THE PUBLIC AT LARGE TO ADVANCE THE COMPETITIVENESS, PRODUCTS, AND INNOVATIVE TECHNOLOGY OF THE MEMBER COMPANIES IN A GLOBAL MARKETPLACE.

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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 $1,076,267

Program Service Revenue $624,026

Investment Income $23,480

Other Revenue $-65,221

TOTAL REVENUE $1,658,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,036

Fundraising Expenses $0

Other Expenses $1,707,450

TOTAL EXPENSES $2,092,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,658,552	$1,624,957	+0.0%
Expenses	$2,092,486	$1,717,094	+0.2%
Net Income	$-433,934	$-92,137	+3.7%

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

$246,299

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN PRODOEHL	DIRECTOR	0.00	Director	$0	$0	$0
STEVEN SHERMAN	DIRECTOR	0.00	Director	$0	$0	$0
MICHELE CLARKE	DIRECTOR	0.00	Director	$0	$0	$0
BOB GURROLA	DIRECTOR	0.00	Director	$0	$0	$0
DEVIN WILSON	DIRECTOR	0.00	Director	$0	$0	$0
WAYNE DRYSOL	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN VOLLMERT	DIRECTOR	0.00	Director	$0	$0	$0
GREG RAWLINGS	DIRECTOR	0.00	Director	$0	$0	$0
RYAN SURBER	DIRECTOR	0.00	Director	$0	$0	$0
DAN CURTIS	VICE CHAIRPERSON	0.00	Officer	$0	$0	$0
JEFF LITER	EX OFFICIO CHAIRPERSON	0.00	Officer	$0	$0	$0
DANIEL WALKER	MANAGING DIRECTOR	40.00	Officer	$195,000	$51,299	$246,299

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	$1,658,552	$2,092,486	$3,028,187	$-433,934
2022	$1,624,957	$1,717,094	$3,278,047	$-92,137
2021	$1,615,743	$1,444,201	$3,040,002	$171,542
2020	$1,453,301	$1,261,441	$2,885,781	$191,860
2019	$1,486,306	$1,474,734	$2,648,052	$11,572
2018	$1,591,845	$1,719,763	$2,071,312	$-127,918

INDUSTRIAL FASTENERS INSTITUTE