NIBA-THE BELTING ASSOCIATION

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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

1988

Legal Domicile

Principal Officer

MICHAEL BATTAGLIA

Phone

6083107549

Tax Period

2023-01-01 to 2023-12-31

NIBA-THE BELTING ASSOCIATION, founded in 1988, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 14% surplus.

Mission

THE MISSION OF NIBA-THE BELTING ASSOCIATION IS TO PROMOTE THE COMMON BUSINESS INTERESTS OF ALL DISTRIBUTORS/FABRICATORS AND MANUFACTURERS OF CONVEYOR AND FLAT POWER TRANSMISSION BELT AND MATERIAL THAT ENHANCES AND CHANGES BELTS.

Program Service Accomplishments

Program 1

THE ANNUAL CONVENTION WAS HOSTED IN NASHVILLE, TN IN 2023. THE EVENT ATTRACTED 700 INDUSTRY PROFESSIONALS. NIBA HOSTS TECHNICAL SEMINARS FOR MEMBERS WITH CLASSROOM AND HANDS-ON DEMONSTRATION. NIBA'S ONLINE EDUCATIONAL RESOURCES INCLUDE CERTIFICATE COURSES, ARTICLES, VIDEOS AND MORE. THE WEBSITE - WWW.NIBA.ORG - CONTINUES TO BE A LEADING RESOURCE FOR INDUSTRY INFORMATION AND TECHNICAL CONTENT.

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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 $1,277,309

Investment Income $15,653

Other Revenue $0

TOTAL REVENUE $1,292,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,108,191

TOTAL EXPENSES $1,108,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,292,962	$1,111,108	+0.2%
Expenses	$1,108,191	$1,140,285	0.0%
Net Income	$184,771	$-29,177	-7.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE FRANCIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK JADWIN	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHENIE DAVIS	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SERGIO RESTAGNO	INCOMING EXECUTIVE	1.00	Officer Director	$0	$0	$0
CHIP WINIARSKI	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
NIELS VAN DEN BOOGERT	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GERRITY	DIRECTOR	1.00	Director	$0	$0	$0
JESS WILEY	DIRECTOR	1.00	Director	$0	$0	$0
KERRY MOSHER	DIRECTOR	1.00	Director	$0	$0	$0
RANDY SCOFIELD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL DRECHNOWICZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BATTAGLIA	EXECUTIVE DIRECTOR	40.00	Officer	$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	$1,292,962	$1,108,191	$1,119,544	$184,771
2022	$1,111,108	$1,140,285	$906,590	$-29,177
2021	$904,280	$992,370	$976,937	$-88,090
2020	$354,523	$384,765	$1,033,991	$-30,242
2019	$987,688	$898,835	$987,463	$88,853
2018	$952,709	$1,016,103	$822,140	$-63,394