PIPING INDUSTRY COUNCIL OF THE ROC… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

RICHARD LUNDVALL

Phone

5633456450

Tax Period

2024-01-01 to 2024-12-31

PIPING INDUSTRY COUNCIL OF THE ROCKFORD AREA INC, founded in 1992, is a small nonprofit that reported $143K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $128K left a modest 10% surplus.

Mission

TO DEVELOP THE CONTRACTING INDUSTRY AND TO PROMOTE THE INTEREST AND WELFARE TO THOSE INVOLVED IN THE HEATING, AIR CONDITIONING, REFRIGERATION, PLUMBING, PIPING, AND MECHANICAL SERVICE INDUSTRY.

Program Service Accomplishments

Program 1

DEVELOP THE CONTRACTING INDUSTRY AND PROMOTE THE INTEREST AND WELFARE TO THOSE INVOLVED IN THE HEATING, AIR CONDITIONING, REFRIGERATION, PLUMBING, PIPING, AND MECHANICAL SERVICE INDUSTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $17,025

Program Service Revenue $120,000

Investment Income $0

Other Revenue $5,643

TOTAL REVENUE $142,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,829

Fundraising Expenses $0

Other Expenses $29,091

TOTAL EXPENSES $127,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,668	$112,289	+0.3%
Expenses	$127,920	$118,749	+0.1%
Net Income	$14,748	$-6,460	-3.3%

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

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

$92,090

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH CERONI	1ST VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
WILLIAM SPRAGUE	PRESIDENT	1.50	Officer Director	$0	$0	$0
BRIAN HELM	DIRECTOR	1.50	Officer Director	$0	$0	$0
JAY DOYLE	DIRECTOR	1.50	Director	$0	$0	$0
JESSE ARNDT	2ND VICE PRESIDENT	1.50	Director	$0	$0	$0
JAMES ZWEEP	DIRECTOR	1.50	Director	$0	$0	$0
KEVIN SCHIAVO	DIRECTOR	1.50	Director	$0	$0	$0
SPENCER MEINERT	DIRECTOR	1.50	Director	$0	$0	$0
TODD DORN	DIRECTOR	1.50	Director	$0	$0	$0
GREG HILL	SECRETARY/TREASURER	1.50	Officer Director	$0	$0	$0
RICHARD LUNDVALL	EXECUTIVE VP	7.00	Officer	$83,859	$8,231	$92,090

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	No data	No data	No data	No data
2024	$142,668	$127,920	$15,847	$14,748
2023	$112,289	$118,749	$1,099	$-6,460
2022	$99,491	$115,540	$7,559	$-16,049
2021	$99,111	$116,495	$23,608	$-17,384
2020	$76,961	$56,351	$40,992	$20,610
2019	$139,222	$124,857	$20,382	$14,365
2018	$123,040	$128,197	$6,017	$-5,157

PIPING INDUSTRY COUNCIL OF THE ROCKFORD AREA INC