MECHANICAL INDUSTRY ADVANCEMENT FUND (EIN 384138858) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

DERRICK KUALAPAI

Phone

4102692000

Tax Period

2024-01-01 to 2024-12-31

MECHANICAL INDUSTRY ADVANCEMENT FUND, founded in 2019, is a small nonprofit in the Employment sector that reported $500K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $310K, a strong 62% operating margin.

Mission

TO CARRY OUT INITIATIVES TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE UNIONIZED CONSTRUCTION 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 $0

Program Service Revenue $500,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $500,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $185,620

Other Expenses $189,514

TOTAL EXPENSES $189,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$500,000	$450,000	+0.1%
Expenses	$189,514	$458,940	-0.6%
Net Income	$310,486	$-8,940	-35.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK MCMANUS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PLEASANT	TRUSTEE	1.00	Director	$0	$0	$0
DERRICK KUALAPAI	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER HASLINGER	TRUSTEE	1.00	Director	$0	$0	$0
RICK GOPFFARTH	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT BECK	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY BRINK	TRUSTEE	1.00	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	No data	No data	No data	No data
2024	$500,000	$189,514	$640,237	$310,486
2023	$450,000	$458,940	$329,751	$-8,940
2022	$200,000	$159,092	$338,691	$40,908
2021	No data	$2,170	$297,783	No data
2020	$300,000	$47	$299,953	$299,953

MECHANICAL INDUSTRY ADVANCEMENT FUND