STISPFA

EIN: 362071725

LAKE ZURICH, IL

Total Revenue
$2,703,306
Total Expenses
$2,401,582
Total Assets
$5,409,020
Net Assets
$4,359,934
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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
1963
Legal Domicile
IL
Principal Officer
TIMOTHY O'TOOLE
Phone
8474388265
Tax Period
2024-01-01 to 2024-12-31

STISPFA, founded in 1963, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 11% surplus.

Mission

ADDRESS COMMON INDUSTRY ISSUES.

Program Service Accomplishments

Program 1

INSPECTION AND MANAGEMENT OF STI P3 IN-GROUND STORAGE TANKS, COMPOSITE TANKS, FIREGUARD TANKS, TANKS USING THE PERMATANK PROCESS AND OTHER ABOVE GROUND TANKS.

Program 2

TO CONSIDER AND DEAL WITH COMMON PROBLEMS OF MANAGEMENT AND FINANCIAL FUNCTIONS OF THE INDUSTRY; TO SECURE COOPERATIVE ACTION AND TO PROMOTE ECONOMY AND EFFICCIENCY.

Program 3

SEMINARS AND MEETINGS ARE DESIGNED TO KEEP MEMBERS ABREAST OF NEW DEVELOPMENTS IN THE INDUSTRY AS WELL AS THE DIRECTION OF INDUSTRY'S FUTURE.

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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 $47,700
Program Service Revenue $2,225,365
Investment Income $272,973
Other Revenue $157,268
TOTAL REVENUE $2,703,306

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,288,916
Fundraising Expenses $0
Other Expenses $1,112,666
TOTAL EXPENSES $2,401,582

Year-over-Year Comparison

2024 2023 Change
Revenue $2,703,306 $2,405,573 +0.1%
Expenses $2,401,582 $2,213,535 +0.1%
Net Income $301,724 $192,038 +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
13
Independent Members
12
Employees
12
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
1
$197,776
Total Directors
13
$197,776
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SONNY UNDERWOOD CHAIRMAN 1.00
Director
$0 $0 $0
BILL KENNEDY DIRECTOR 1.00
Director
$0 $0 $0
KYLE COUTURE VICE PRESIDENT 1.00
Director
$0 $0 $0
ED MCCARTHY DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY O'TOOLE EXECUTIVE VP/SECRETARY 40.00
Officer Director
$176,716 $21,060 $197,776
COBY HAYES DIRECTOR 1.00
Director
$0 $0 $0
ROBBY HAGEMANN PRESIDENT 1.00
Director
$0 $0 $0
JOHN LOUCKS DIRECTOR 1.00
Director
$0 $0 $0
PAT REZIN DIRECTOR 1.00
Director
$0 $0 $0
PAUL WINDHAM DIRECTOR 1.00
Director
$0 $0 $0
ROBERT HALL DIRECTOR 1.00
Director
$0 $0 $0
BOB NEMETH TREASURER 1.00
Director
$0 $0 $0
ED MCCARTHY DIRECTOR 1.00
Director
$0 $0 $0
DAVID REED CONTROLLER 40.00
Highest
$155,522 $14,626 $170,148
JOSEPH MENTZER STANDARDS ENGINEER 40.00
Highest
$107,020 $29,809 $136,829
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 $2,703,306 $2,401,582 $5,409,020 $301,724
2023 $2,405,573 $2,213,535 $4,877,283 $192,038
2022 $2,324,989 $1,988,503 $4,215,447 $336,486
2021 $2,330,506 $2,073,000 $4,222,119 $257,506
2020 $2,008,675 $2,086,853 $3,534,121 $-78,178
2019 $2,703,806 $2,749,175 $3,499,480 $-45,369
2018 $2,415,394 $2,395,065 $3,405,986 $20,329
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