PRECISION METALFORMING ASSOCIATION

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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

1942

Legal Domicile

Principal Officer

MARK GETSAY

Phone

2169018800

Tax Period

2024-04-01 to 2025-03-31

PRECISION METALFORMING ASSOCIATION, founded in 1942, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2024. Net assets of $15.3M represent 24 months of operating reserves.

Mission

TO REPRESENT THE METALFORMING INDUSTRY AND LEAD INNOVATIVE COMPANIES TOWARD SUPERIOR COMPETITIVENESS AND PROFITABILITY.

Program Service Accomplishments

Program 1

CO-SPONSOR OF THE ANNUAL FABTECH EXHIBITION, THE LARGESTMETALFORMING, FABRICATING, WELDING AND METAL FINISHING TRADESHOWIN NORTH AMERICA. PROVIDE LEARNING OPPORTUNITIES INCLUDINGTECHNICAL EDUCATION TO THE METALFORMING AND FABRICATING INDUSTRIESTHROUGH SEMINARS, WEBINARS, ROUNDTABLES AND SIGNATURE EVENTSTARGETING SENIOR AND MIDDLE MANAGEMENT ALONG WITH SALES ANDTECHNICAL/ENGINEERING PERSONNEL.

Program 2

DELIVER MEMBERSHIP SERVICES, PRODUCTS AND PUBLICATION SUCH ASSAFETY INFORMATION, DISTRICT NETWORKING AND TECHNICAL MEETINGS IN16 GEOGRAPHICAL REGIONS AND IN SEVERAL METALFORMING TECHNOLOGYAREAS...

DELIVER MEMBERSHIP SERVICES, PRODUCTS AND PUBLICATION SUCH ASSAFETY INFORMATION, DISTRICT NETWORKING AND TECHNICAL MEETINGS IN16 GEOGRAPHICAL REGIONS AND IN SEVERAL METALFORMING TECHNOLOGYAREAS, INCLUDING METAL STAMPING, DEEP DRAW, HIGH SPEED STAMPING,PRECISION SHEET METAL FABRICATING, METAL SPINNING, SLIDE FORMINGAND ROLL FORMING TECHNOLOGIES, ALONG WITH INDUSTRY BENCHMARKINGDATA, FINANCIAL REPORTS AND WAGE/FRINGE BENEFIT REPORTS. DEVELOPAND DELIVER TECHNICAL TRAINING IN CORE METALFORMING TECHNOLOGIESTO HELP WITH WORKFORCE TRAINING AND DEVELOPMENT.

Program 3

REPRESENT THE METALFORMING INDUSTRY IN REGULATORY AND LEGISLATIVEMATTERS IMPACTING MANUFACTURERS OF METAL PARTS, ASSEMBLIES ANDCOMPONENTS PRIMARILY AT THE FEDERAL LEVEL. PROMOTE THE USE OFSKILL...

REPRESENT THE METALFORMING INDUSTRY IN REGULATORY AND LEGISLATIVEMATTERS IMPACTING MANUFACTURERS OF METAL PARTS, ASSEMBLIES ANDCOMPONENTS PRIMARILY AT THE FEDERAL LEVEL. PROMOTE THE USE OFSKILL STANDARDS AND ENVIRONMENTALLY SOUND, EFFICIENT AND SAFEWORKPLACES TO HELP THE INDUSTRY COMPETE IN THE 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 (2024)

Revenue Breakdown

Contributions & Grants $73,934

Program Service Revenue $6,665,820

Investment Income $639,900

Other Revenue $228,663

TOTAL REVENUE $7,608,317

Expense Breakdown

Grants Paid $64,550

Salaries & Benefits $3,383,918

Fundraising Expenses $0

Other Expenses $4,256,980

TOTAL EXPENSES $7,705,448

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,608,317	$7,434,816	+0.0%
Expenses	$7,705,448	$7,109,764	+0.1%
Net Income	$-97,131	$325,052	-1.3%

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

200

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

$804,173

Total Directors

$560,756

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KLOTZ	PRESIDENT	40.00	Officer Director	$534,045	$26,711	$560,756
GENE LAMBERT	VICE CHAIR & TREASURER	1.00	Officer Director	$0	$0	$0
GREGG BOUCHER	CHAIR	1.00	Officer Director	$0	$0	$0
RICH WAGY	ASSOCIATE MEMBER	1.00	Director	$0	$0	$0
JEFF AZNAVORIAN	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
BRIAN MURPHY	ASSOCIATE MEMBER	1.00	Director	$0	$0	$0
PETER BODI	MFG MEMBER	1.00	Director	$0	$0	$0
SCOTT WENDELBURG	MFG MEMBER	1.00	Director	$0	$0	$0
CHRIS ZUZICK	MFG MEMBER	1.00	Director	$0	$0	$0
MARK GETSAY	CFO	40.00	Officer	$234,391	$9,026	$243,417
MICHAEL VOHLAND	PUBLISHER	40.00	Highest	$194,266	$7,637	$201,903
BRADLEY KUVIN	EDITORIAL DIRECTOR	40.00	Highest	$165,248	$15,672	$180,920
MARK FORTUNA	MEMBERSHIP DIRECTOR	40.00	Highest	$117,286	$4,747	$122,033
WILLIAM KOPPES III	IT DIRECTOR	40.00	Highest	$111,353	$19,344	$130,697
DOUGLAS TROUT	EXHIBITION SALES MANAGER	40.00	Highest	$106,230	$18,970	$125,200

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	$7,608,317	$7,705,448	$19,013,946	$-97,131
2024	$7,434,816	$7,109,764	$18,975,164	$325,052
2023	$6,814,130	$6,771,057	$17,675,812	$43,073
2022	$5,690,425	$5,848,947	$18,164,960	$-158,522
2021	$3,280,796	$4,452,522	$18,282,003	$-1,171,726
2020	$6,329,677	$6,373,089	$14,851,665	$-43,412
2019	$6,758,196	$6,766,950	$17,133,545	$-8,754
2018	$7,859,740	$5,928,272	$16,639,202	$1,931,468