WILL-GRUNDY INDUSTRY ADVANCEMENT TRUST

EIN: 363521531

JOLIET, IL

Total Revenue
$624,208
Total Expenses
$444,066
Total Assets
$1,330,981
Net Assets
$1,330,981
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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
1985
Legal Domicile
IL
Principal Officer
BARRY NARVICK
Phone
8157411455
Tax Period
2025-01-01 to 2025-12-31

WILL-GRUNDY INDUSTRY ADVANCEMENT TRUST, founded in 1985, is a small nonprofit that reported $624K in total revenue in fiscal year 2025. The organization ran a surplus of $180K, a strong 29% operating margin.

Mission

PROMOTE THE CONSTRUCTION INDUSTRY IN WILL AND GRUNDY COUNTIES IN ILLINOIS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $554,012
Investment Income $70,196
Other Revenue $0
TOTAL REVENUE $624,208

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,201
Fundraising Expenses $0
Program Expenses $433,266
Other Expenses $437,865
TOTAL EXPENSES $444,066

Year-over-Year Comparison

2025 2024 Change
Revenue $624,208 $623,549 +0.0%
Expenses $444,066 $376,638 +0.2%
Net Income $180,142 $246,911 -0.3%
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
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BAISH VICE-CHARIMAN 0.00
Officer Director
$0 $0 $0
JASON COX SECRETARY/TREASURER 0.00
Officer Director
$0 $0 $0
BARRY NARVICK CHAIRMAN 0.00
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
2025 $624,208 $444,066 $1,330,981 $180,142
2024 $623,549 $376,638 $1,151,871 $246,911
2023 $578,578 $312,016 $904,158 $266,562
2022 $553,638 $413,336 $637,736 $140,302
2021 $512,953 $474,652 $515,492 $38,301
2020 $448,364 $445,672 $458,248 $2,692
2019 $393,116 $347,637 $455,472 $45,479
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