JOINT INDUSTRY ADVANCEMENT FUND

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

JOHN DUFFY

Phone

6316942480

Tax Period

2024-10-01 to 2025-09-30

JOINT INDUSTRY ADVANCEMENT FUND, founded in 2004, is a community nonprofit in the Employment sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 38% operating margin.

Mission

THE PURPOSE OF THE FUND IS TO PROMOTE NEW INNOVATIVE JOINT APPROACHES FOR THE ADVANCEMENT OF INDUSTRY.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE FUND IS TO PROMOTE NEW INNOVATIVE JOINTAPPROACHES FOR THE ADVANCEMENT OF INDUSTRY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,104,730

Investment Income $105,251

Other Revenue $0

TOTAL REVENUE $4,209,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,599,668

TOTAL EXPENSES $2,599,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,209,981	$3,089,176	+0.4%
Expenses	$2,599,668	$1,761,606	+0.5%
Net Income	$1,610,313	$1,327,570	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$2,511,884

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DUFFY	TRUSTEE	2.00	Director	$0	$79,044	$447,085
JOHN J DUFFY	TRUSTEE	2.00	Director	$0	$94,344	$414,359
DENNIS ADRIAN	TRUSTEE	2.00	Director	$0	$94,469	$403,638
WILLIAM DUFFY JR	CHAIR/ADMINISTRATOR	2.00	Director	$0	$95,544	$413,134
JAMES PRATT III	TRUSTEE	2.00	Director	$0	$0	$0
JAMES HANEY III	TRUSTEE	2.00	Director	$0	$0	$0
MARC HERBST	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY MALIZIA	TRUSTEE	0.00	Director	$0	$94,344	$416,856
SHAWN COLES	ALTERNATE TRUSTEE	0.00	Director	$0	$94,344	$416,812
PETER SCALAMANDRE	TRUSTEE	2.00	Director	$0	$0	$0
VINCENT D RAZZANO	APPRENTICESHIP DIRECTOR	0.00	Highest	$0	$75,634	$327,870
STEPHEN BARNETT	FUND ADMINISTRATOR	0.00	Highest	$0	$79,068	$387,539
CHRISTOPHER DUFFY	ANNUITY ADMIN	0.00	Highest	$0	$63,676	$370,887
ENRIQUE GUZMAN	AUDITOR	0.00	Highest	$0	$79,308	$293,691
SCOTT TIERNEY	INSTRUCTOR	0.00	Highest	$0	$75,940	$271,904

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	$4,209,981	$2,599,668	$6,129,988	$1,610,313
2024	$3,089,176	$1,761,606	$4,641,195	$1,327,570
2023	$2,443,080	$1,395,036	$3,424,574	$1,048,044
2022	$2,305,280	$1,888,672	$2,282,557	$416,608
2021	$2,082,544	$1,840,934	$1,738,421	$241,610
2020	$2,063,678	$2,000,253	$1,471,798	$63,425
2019	$1,639,100	$2,001,560	$1,409,166	$-362,460
2018	$1,224,336	$1,450,708	$1,722,557	$-226,372