POLYISOCYANURATE INSULATION MANUFACTURERS ASSOCIATION (EIN 363496559) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

JUSTIN KOSCHER

Phone

7032580093

Tax Period

2023-01-01 to 2023-12-31

POLYISOCYANURATE INSULATION MANUFACTURERS ASSOCIATION, founded in 2006, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 9% surplus.

Mission

PIMA IS THE VOICE OF THE RIGID POLYISO INDUSTRY AND A PROACTIVE ADVOCATE FOR SAFE, COST-EFFECTIVE, SUSTAINABLE, AND ENERGY-EFFICIENT CONSTRUCTION. PIMA PROMOTES THE POLYISO INDUSTRY THROUGH ADVOCACY, EDUCATION, AND LEADERSHIP.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,024,968

Investment Income $41,518

Other Revenue $5,350

TOTAL REVENUE $2,071,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $778,425

Fundraising Expenses $0

Other Expenses $1,338,951

TOTAL EXPENSES $2,117,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,071,836	$2,013,514	+0.0%
Expenses	$2,117,376	$1,900,405	+0.1%
Net Income	$-45,540	$113,109	-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

Volunteers

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

$271,172

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG FANTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL COLEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD BUHRMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JF COTE	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL DEMAIO	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB FERREE	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK GRECO	BOARD MEMBER	1.00	Director	$0	$0	$0
ALMA GARNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF JOB	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE NAGRIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
NATE GOSHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE COOGAN	TREASURER	1.00	Officer Director	$0	$0	$0
JUSTIN KOSCHER	PRESIDENT	40.00	Officer	$233,184	$37,988	$271,172
MARCIN K PAZERA	TECHNICAL DIRECTOR	40.00	Highest	$179,467	$41,245	$220,712
RENEE LAMURA	SR. DIRECTOR PROGRAMS & AD	40.00	Highest	$141,450	$22,597	$164,047

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	$2,071,836	$2,117,376	$1,256,919	$-45,540
2022	$2,013,514	$1,900,405	$1,284,852	$113,109
2021	$1,777,454	$1,809,563	$1,185,565	$-32,109
2020	$1,722,139	$1,492,888	$1,177,361	$229,251
2019	$1,843,420	$1,700,626	$959,646	$142,794
2018	$1,790,717	$1,631,060	$711,682	$159,657

POLYISOCYANURATE INSULATION MANUFACTURERS ASSOCIATION