INTERNATIONAL ASSOCIATION OF MACHINISTS & AEROSPACE WORKERS

EIN: 381036590

Westland, MI

Total Revenue
$252,992
Total Expenses
$141,307
Total Assets
$1,441,142
Net Assets
$1,382,173
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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
1937
Legal Domicile
MI
Principal Officer
Diane Payne
Phone
7349471500
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF MACHINISTS & AEROSPACE WORKERS, founded in 1937, is a small nonprofit that reported $253K in total revenue in fiscal year 2023. The organization ran a surplus of $112K, a strong 44% operating margin.

Mission

The betterment of wages, hours, and work conditions for our members.

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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 (2023)

Revenue Breakdown

Contributions & Grants $113,169
Program Service Revenue $3,172
Investment Income $107,576
Other Revenue $29,075
TOTAL REVENUE $252,992

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,163
Fundraising Expenses $0
Program Expenses $52,425
Other Expenses $61,144
TOTAL EXPENSES $141,307

Year-over-Year Comparison

2023 2022 Change
Revenue $252,992 $239,763 +0.1%
Expenses $141,307 $145,845 0.0%
Net Income $111,685 $93,918 +0.2%
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
8
Independent Members
8
Employees
21
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
$61,185
Total Directors
3
$8,456
Key Employees
1
$48,459
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Diane Payne Office Administrator 40
Officer Key Emp Highest
$45,140 $1,819 $48,459
Frank Krause Trustee 2
Director
$3,805 $0 $6,206
Sean McDonald President 5
Officer
$5,414 $0 $5,414
Matthew Combs Vice President 2
Officer
$2,812 $0 $2,812
Kelley Claxton Recording Secretary 2
Officer
$2,700 $0 $2,700
Russell Lozon Conductor Sentinel 2
Officer
$1,800 $0 $1,800
Jeffery Wolas Trustee 2
Director
$1,450 $0 $1,450
Bernard Bennett Trustee 2
Director
$800 $0 $800
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 No data No data No data No data
2023 $252,992 $141,307 $1,441,142 $111,685
2022 $239,763 $145,845 $1,386,140 $93,918
2021 $188,813 $179,840 $1,465,319 $8,973
2020 $280,921 $127,397 $1,469,393 $153,524
2019 $294,541 $183,668 $1,380,380 $110,873
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