FORGING INDUSTRY 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

1959

Legal Domicile

Principal Officer

ANDREW ZIELINKSI

Phone

2167816260

Tax Period

2024-06-01 to 2025-05-31

FORGING INDUSTRY ASSOCIATION, founded in 1959, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum.

Mission

IMPROVE MEMBERS' GLOBAL COMPETETIVENESS.

Program Service Accomplishments

Program 1

PUBLISHED AND DISTRIBUTED VARIOUS FORGING RELATED MATERIALS SUCH AS FORGING CAPABILITY GUIDE, AND ALL RELATED MATERIAL EXPLAINING THE FORGING PROCESS & USES TO DESIGN ENGINEERS, CUSTOMERS &...

PUBLISHED AND DISTRIBUTED VARIOUS FORGING RELATED MATERIALS SUCH AS FORGING CAPABILITY GUIDE, AND ALL RELATED MATERIAL EXPLAINING THE FORGING PROCESS & USES TO DESIGN ENGINEERS, CUSTOMERS & ACADEMICS.HELD FORMAL SEMINARS FOR FORGING COMPANY PERSONNEL SUCH AS FORGING DIE DESIGN, PRESS DIE DESIGN AND INDUSTRIAL PLANT TRAINING. COLLECTED AND DISTRIBUTED INDUSTRY SAFETY AWARENESS INFORMATION.CONDUCTED MEETINGS, CONFERENCES AND SEMINARS FOR FORGING INDUSTRY PERSONNEL ON INDUSTRY-RELATED TOPICS INCLUDING: PLANT ENGINEERING, TECHNICAL, MARKETING, AND ADMINISTRATIVE MANAGEMENT.

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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 $428,712

Program Service Revenue $3,914,119

Investment Income $207,347

Other Revenue $119,974

TOTAL REVENUE $4,670,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,582,100

Fundraising Expenses $0

Other Expenses $3,006,834

TOTAL EXPENSES $4,588,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,670,152	$2,756,643	+0.7%
Expenses	$4,588,934	$3,718,745	+0.2%
Net Income	$81,218	$-962,102	-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

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

$324,688

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM KRAVEC	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOE SCHWEGMAN	VICE CHAIRMAN & SECRETARY	1.00	Officer Director	$0	$0	$0
ANTONIO ALVAREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT BRODHEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT DIMITRIEFF	BOARD MEMBER	1.00	Director	$0	$0	$0
BRETT HALLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF KRUEGER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHELSEA LANTTO	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUIS-PHILIPPE LAPIERRE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSE LOZANO	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT NATALE	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE MORGUS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW ZIELINSKI	CFO	32.00	Officer	$134,066	$21,379	$155,445
ANGELA GIBIAN	DEPUTY CEO/INTERIM PRES/CEO	36.00	Officer	$142,897	$26,346	$169,243
JAMES R WARREN	FORMER PRESIDENT/CEO	36.00		$344,064	$60,929	$404,993

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	$4,670,152	$4,588,934	$7,395,112	$81,218
2024	$2,756,643	$3,718,745	$6,808,149	$-962,102
2023	$4,603,363	$4,411,554	$7,204,225	$191,809
2022	$4,525,917	$3,245,633	$5,925,128	$1,280,284
2021	$1,669,919	$1,726,189	$6,467,181	$-56,270
2020	$1,790,723	$2,100,447	$4,586,645	$-309,724
2019	$3,697,115	$2,852,905	$4,865,011	$844,210
2018	$2,092,295	$2,090,185	$3,992,502	$2,110