THE TECHNOLOGY AND MANUFACTURING ASSOCIATION

EIN: 361804560

SCHAUMBURG, IL

Total Revenue
$3,347,335
Total Expenses
$3,651,409
Total Assets
$3,525,343
Net Assets
$1,970,575
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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
IL
Phone
8478495334
Tax Period
2024-01-01 to 2024-12-31

THE TECHNOLOGY AND MANUFACTURING ASSOCIATION, founded in 1948, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

The technology and manufacturing association ("TMA") is a non-profit organization of precision manufacturing and supplier companies in the greater chicago area. tma supports the manufacturing industry by providing educational opportunities.

Program Service Accomplishments

Program 1
Expenses: $2,352,187

the association provides its members with workforce and 401(k) administrative services such as human relations consulting, comprehensive labor law audit services, unemployment insurance...

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the association provides its members with workforce and 401(k) administrative services such as human relations consulting, comprehensive labor law audit services, unemployment insurance administration, and internet job portal services specifically targeted for manufacturing industry.

Program 2

the association also provides its members with education and training opportunities in areas relating to the manufacturing industry. the association provides needs assessment and program development...

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the association also provides its members with education and training opportunities in areas relating to the manufacturing industry. the association provides needs assessment and program development consultations, seminars and courses, apprentice training related theory instructions, school of design classes, computer labs, hands-on the association also hosts a number of events that provide the members with press room training, sales training and consulting, workplace training and national institute for metalworking skills assessments. other programs include publication of the tma bulletin which provides members with insight on tma and industry developments.

Program 3

the association also hosts a number of events that provide members with educational, training, marketing and networking opportunities to increase skills and further their knowledge of the industry...

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the association also hosts a number of events that provide members with educational, training, marketing and networking opportunities to increase skills and further their knowledge of the industry. the association also holds its annual meeting which provides members with a forum for discussion of latest developments and industry issues.

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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 (2024)

Revenue Breakdown

Contributions & Grants $507,205
Program Service Revenue $2,376,823
Investment Income $40,361
Other Revenue $422,946
TOTAL REVENUE $3,347,335

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,603,254
Fundraising Expenses $0
Program Expenses $2,352,187
Other Expenses $2,048,155
TOTAL EXPENSES $3,651,409

Year-over-Year Comparison

2024 2023 Change
Revenue $3,347,335 $2,945,752 +0.1%
Expenses $3,651,409 $3,163,998 +0.2%
Net Income $-304,074 $-218,246 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
50
Volunteers
14

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
4
$232,628
Total Directors
14
$232,628
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK J OSBORNE PRESIDENT & sec 40.00
Officer Director
$210,433 $22,195 $232,628
DENNIS LACOMB EXEC. VICE PRESIDENT 40.00
$155,260 $14,633 $169,893
ISSAC FLEX DIRECTOR 40.00
$145,829 $16,788 $162,617
JACQUES KRIKORIAN SENIOR DIRECTOR 40.00
$115,674 $5,433 $121,107
NICOLE WOLTER PAST CHAIR 1.00
Director
$0 $0 $0
CRAIG ZOBERIS vice chairman 1.00
Officer Director
$0 $0 $0
BOB CLIFFORD Treasurer 1.00
Officer Director
$0 $0 $0
SHIV SIVAKUMAR Treasurer 1.00
Director
$0 $0 $0
GEORGE GATTO chair 1.00
Officer Director
$0 $0 $0
LYNN DREISILKER Director 1.00
Director
$0 $0 $0
MATT EGGEMEYER Director 1.00
Director
$0 $0 $0
LARRY SPELMAN Director 1.00
Director
$0 $0 $0
DAVID KARBIN Director 1.00
Director
$0 $0 $0
MIKE MAGLIANO Director 1.00
Director
$0 $0 $0
ALTHEA MOTTL Director 1.00
Director
$0 $0 $0
TOM SCHROEDER Director 1.00
Director
$0 $0 $0
DEB SOMMERS Director 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 $3,347,335 $3,651,409 $3,525,343 $-304,074
2023 $2,945,752 $3,163,998 $3,221,565 $-218,246
2022 $2,574,462 $2,709,278 $3,500,911 $-134,816
2021 $2,836,565 $2,647,944 $3,395,147 $188,621
2020 $2,546,143 $2,607,428 $3,182,310 $-61,285
2019 $2,843,009 $3,164,236 $3,111,997 $-321,227
2018 $2,594,046 $2,740,671 $3,344,562 $-146,625
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