NISMACNA INDUSTRY PROMOTION FUND

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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

2005

Legal Domicile

Principal Officer

DONALD A ADOLFS

Phone

7085447007

Tax Period

2024-01-01 to 2024-12-31

NISMACNA INDUSTRY PROMOTION FUND, founded in 2005, is a small nonprofit that reported $975K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO AIDE IN THE ADMINISTRATION OF THE SHEET METAL WORKERS' LOCAL 265 COLLECTIVE BARGAINING AGREEMENT AND PROMOTIONAL ACTIVITIES FOR THE BETTERMENT OF THE SHEET METAL WORKERS.

Program Service Accomplishments

Program 1

ESTABLISHING AND CONDUCTING EDUCATIONAL PROGRAMS FOR THE CONTRACTORS WHILE PROMOTING THE SHEET METAL INDUSTRY. THE FUND PROVIDES A MAJOR SOURCE OF REVENUE FOR SMACNA GREATER CHICAGO, A TRADE...

ESTABLISHING AND CONDUCTING EDUCATIONAL PROGRAMS FOR THE CONTRACTORS WHILE PROMOTING THE SHEET METAL INDUSTRY. THE FUND PROVIDES A MAJOR SOURCE OF REVENUE FOR SMACNA GREATER CHICAGO, A TRADE ASSOCIATION WHICH IS PARTY TO THE INDUSTRY FUND'S TRUST AGREEMENT.

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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 $975,244

Investment Income $27

Other Revenue $0

TOTAL REVENUE $975,271

Expense Breakdown

Grants Paid $947,607

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $16,993

TOTAL EXPENSES $964,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$975,271	$901,575	+0.1%
Expenses	$964,600	$901,354	+0.1%
Net Income	$10,671	$221	+47.3%

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
KEN WIESBROOK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JON P HUDGENS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFF LUKITSH	TRUSTEE	1.00	Director	$0	$0	$0
DONALD A ADOLFS	ADMINISTRATOR	1.00	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
2025	No data	No data	No data	No data
2024	$975,271	$964,600	$113,884	$10,671
2023	$901,575	$901,354	$103,213	$221
2022	$820,049	$796,152	$102,992	$23,897
2021	$742,779	$755,067	$79,095	$-12,288
2020	$773,865	$781,623	$91,383	$-7,758
2019	$765,368	$685,361	$99,141	$80,007
2018	$676,368	$684,208	$19,134	$-7,840