GREAT LAKES FABRICATORS & ERECTORS ASSN INDUSTRY PROMO & IMPROVEMENT (EIN 386099831) - 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

1938

Legal Domicile

Principal Officer

FRANK NEHR

Phone

2483540001

Tax Period

2024-05-01 to 2025-04-30

GREAT LAKES FABRICATORS & ERECTORS ASSN INDUSTRY PROMO & IMPROVEMENT, founded in 1938, is a small nonprofit that reported $677K in total revenue in fiscal year 2024. The organization ran a surplus of $398K, a strong 59% operating margin.

Mission

PROMOTION AND IMPROVEMENT OF THE UNIONIZED INDUSTRY OF FABRICATION, MANUFACTURING, ERECTING STEEL AND OTHER METALS FOR BUILDING AND OTHER STRUCTURES, RIGGING MACHINERY INSTALLATION, CONVEYOR SYSTEMS AND FENCE ERECTION THROUGH RESEARCH, ADVERTISMENT, LABOR-MANAGEMENT COOPERATION EVENTS, LABOR RELATIONS AND COLLECTIVE BARGAINING.

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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 $645,958

Investment Income $31,419

Other Revenue $0

TOTAL REVENUE $677,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $279,540

TOTAL EXPENSES $279,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$677,377	$651,521	+0.0%
Expenses	$279,540	$260,907	+0.1%
Net Income	$397,837	$390,614	+0.0%

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
TOM BROAD	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HARSCH	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS JARDINE	TRUSTEE	1.00	Director	$0	$0	$0
WOODY WOODBECK JR	TRUSTEE	1.00	Director	$0	$0	$0
FRANK NEHR	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL TREHARNE	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
CHRIS VLK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TED WOODBECK	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	$677,377	$279,540	$1,620,549	$397,837
2024	$651,521	$260,907	$1,194,601	$390,614
2023	$430,511	$236,529	$764,989	$193,982
2022	$296,615	$367,186	$583,440	$-70,571
2021	$343,554	$332,274	$706,207	$11,280
2020	$368,430	$655,282	$602,655	$-286,852
2019	$743,685	$791,271	$908,759	$-47,586
2018	$827,657	$800,421	$928,929	$27,236

GREAT LAKES FABRICATORS & ERECTORS ASSN INDUSTRY PROMO & IMPROVEMENT