MID-WEST FASTENER ASSOCIATION (EIN 363035148) - Form 990 Financial Analysis & Trantor Score

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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

1946

Legal Domicile

Principal Officer

NANCY RICH

Phone

8474388338

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

TRADE SERVICE ORGANIZATION FOR FASTENER INDUSTRY IN THE MIDWEST AREA

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $325,955

Investment Income $0

Other Revenue $35,318

TOTAL REVENUE $361,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,096

Fundraising Expenses $0

Other Expenses $241,652

TOTAL EXPENSES $393,748

Year-over-Year Comparison

	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%

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

N/A

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

$96,000

Total Directors

$96,000

Key Employees

Highest Compensated

reported

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

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	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

MID-WEST FASTENER ASSOCIATION