MECHANICAL CONTRACTORS DEVELOPMENT FUND INC (EIN 391029703) - 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

1962

Legal Domicile

Principal Officer

JONATHAN KOWALSKI

Phone

4145437622

Tax Period

2024-01-01 to 2024-12-31

MECHANICAL CONTRACTORS DEVELOPMENT FUND INC, founded in 1962, is a small nonprofit that reported $509K in total revenue in fiscal year 2024. The organization ran a surplus of $88K, a strong 17% operating margin.

Mission

A BUSINESS LEAGUE/TRADE ASSOCIATION THAT PROMOTES THE BUSINESS INTEREST OF EMPLOYERS IN MILWAUKEE, WISCONSIN AND THE SURROUNDING METROPOLITAN AREA WHO ARE SIGNATORY TO A COLLECTIVE BARGAINING AGREEMENT WITH CERTAIN EMPLOYEES REPRESENTED BY STEAMFITTERS LOCAL NO. 601, ESPECIALLY WITH REGARD TO LABOR RELATIONS.

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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 $465,305

Investment Income $43,477

Other Revenue $0

TOTAL REVENUE $508,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $420,530

TOTAL EXPENSES $420,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$508,782	$491,904	+0.0%
Expenses	$420,530	$385,593	+0.1%
Net Income	$88,252	$106,311	-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

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
TERRY LEINBERGER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JEFF MAY	DIRECTOR	1.00	Director	$0	$0	$0
MATT BRENNAN	DIRECTOR	1.00	Director	$0	$0	$0
JACK SCHIRPKE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN KOWALSKI	ADMINISTRATOR	5.00	Officer	$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
2024	$508,782	$420,530	$1,250,146	$88,252
2023	$491,904	$385,593	$1,134,295	$106,311
2022	$424,735	$333,117	$1,042,935	$91,618
2021	$375,086	$280,882	$897,542	$94,204
2020	$352,589	$297,041	$803,338	$55,548
2019	$388,650	$297,048	$747,790	$91,602
2018	$395,999	$289,181	$656,188	$106,818

MECHANICAL CONTRACTORS DEVELOPMENT FUND INC