PIPING INDUSTRY COUNCIL OF THE ROCKFORD AREA INC

EIN: 363865812

BETTENDORF, IA

Total Revenue
$142,668
Total Expenses
$127,920
Total Assets
$15,847
Net Assets
$15,847
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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
IL
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

DEVELOPMENT OF THE CONTRACTING INDUSTRY AND PROMOTION OF THE COMMON INTERESTS AND IMPROVEMENT OF BUSINESS CONDITIONS FOR MEMBERS OF 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%)

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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

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Governance

Voting Members
11
Independent Members
10
Employees
1
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
5
$92,090
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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