PARK RIDGE, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MID-WEST FASTENER ASSOCIATION, founded in 1946, is a small nonprofit that reported $361K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.
THE MID-WEST FASTENER ASSOCIATION'S (MWFA) PURPOSE IS TO SERVE AND PROMOTE THE FASTENER INDUSTRY AND THE EVER CHANGING NEEDS OF ITS MEMBERSHIP. SPECIFICALLY, THE MWFA IS DEDICATED TO REPRESENTING ALL SEGMENTS OF THE INDUSTRY; MANUFACTURERS, DISTRIBUTORS, IMPORTERS AND SUPPLIERS TO THE INDUSTRY.
CONFERENCES AND MEETINGS PROVIDE MEMBERS THE OPPORTUNITY TO DISCUSS INDUSTRY MATTERS AND TO PROMOTE PRODUCTS AND SERVICES OF THE FASTENER INDUSTRY
SEMINARS AND EDUCATION COURSES PROVIDE KNOWLEDGE AND SKILLS OF THE FASTENER INDUSTRY TO MEMBERS AND EDUCATE THOSE ATTENDING THE COURSES CONCERNING NEW PRODUCTS AND SERVICES RELATED TO THE...
SEMINARS AND EDUCATION COURSES PROVIDE KNOWLEDGE AND SKILLS OF THE FASTENER INDUSTRY TO MEMBERS AND EDUCATE THOSE ATTENDING THE COURSES CONCERNING NEW PRODUCTS AND SERVICES RELATED TO THE ASSOCIATIONS EXEMPT ACTIVITIES.
TRADE SHOWS ALLOW MEMBERS TO PROMOTE THE PRODUCTS THEY SELL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $361,273 | $325,385 | +0.1% |
| Expenses | $393,748 | $246,191 | +0.6% |
| Net Income | $-32,475 | $79,194 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAKE DAVIS | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BOB BAER | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JILL LEWIS | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NANCY RICH | EXECUTIVE DIRECTOR | 30.00 |
Officer
Director
|
$0 | $0 | $96,000 |
| BOBBY WEGNER | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $361,273 | $393,748 | $495,868 | $-32,475 |
| 2022 | $325,385 | $246,191 | $516,879 | $79,194 |
| 2021 | $275,349 | $240,704 | $455,114 | $34,645 |
| 2020 | $113,516 | $169,165 | $435,602 | $-55,649 |
Compare MID-WEST FASTENER ASSOCIATION with other nonprofits in Illinois and across the country.