FORGING INDUSTRY EDUCATIONAL AND RESEARCH FOUNDATION

EIN: 346556992 501(c)(3) Community Improvement

INDEPENDENCE, OH

Total Revenue
$396,575
Total Expenses
$344,627
Total Assets
$3,564,471
Net Assets
$3,444,749
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
OH
Principal Officer
ANDREW ZIELINSKI
Phone
2167816260
Tax Period
2023-06-01 to 2024-05-31

FORGING INDUSTRY EDUCATIONAL AND RESEARCH FOUNDATION, founded in 1961, is a small nonprofit in the Community Improvement sector that reported $397K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $345K left a modest 13% surplus.

Mission

TO SUPPORT AND ENHANCE THE FORGING INDUSTRY THROUGH EDUCATION, RESEARCH AND DEVELOPMENT, AND DISSEMINATION OF INFORMATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $202,122
Program Service Revenue $31,552
Investment Income $112,162
Other Revenue $50,739
TOTAL REVENUE $396,575

Expense Breakdown

Grants Paid $268,410
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $338,868
Other Expenses $76,217
TOTAL EXPENSES $344,627

Year-over-Year Comparison

2023 2022 Change
Revenue $396,575 $543,686 -0.3%
Expenses $344,627 $421,267 -0.2%
Net Income $51,948 $122,419 -0.6%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
5
$687,312
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRAHAM MCINTOSH PRESIDENT 1.00
Officer Director
$0 $0 $0
JUSTIN DZIK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ASHLEIGH WALTERS BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES KRAVEC BOARD MEMBER 1.00
Director
$0 $0 $0
RAY NEJADFARD BOARD MEMBER 1.00
Director
$0 $0 $0
CHELSEA LANTTO BOARD MEMBER 1.00
Director
$0 $0 $0
CHUCK MAMICH BOARD MEMBER 1.00
Director
$0 $0 $0
ELLEN CAMPBELL 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
MARCUS YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES R WARREN CEO 4.00
Officer
$0 $53,762 $366,258
ANDREW ZIELINSKI CFO 8.00
Officer
$0 $20,147 $149,820
ANGELA GIBIAN EXECUTIVE DIRECTOR 4.00
Officer
$0 $24,240 $171,234
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 No data No data No data No data
2024 $396,575 $344,627 $3,564,471 $51,948
2023 $543,686 $421,267 $3,152,097 $122,419
2022 $840,230 $318,309 $3,075,075 $521,921
2021 $279,249 $190,016 $3,358,371 $89,233
2020 $333,397 $386,036 $2,803,955 $-52,639
2019 $473,701 $420,762 $2,759,070 $52,939
2018 $540,909 $317,816 $2,755,180 $223,093
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