INDUSTRIAL AID INC (EIN 430950642) - 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

1970

Legal Domicile

Principal Officer

MIKE STROUD

Phone

3147733200

Tax Period

2023-07-01 to 2024-06-30

INDUSTRIAL AID INC, founded in 1970, is a community nonprofit in the Employment sector that reported $3.5M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

SHELTERED WORKSHOP PROVIDING EMPLOYMENT FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,004,841

Program Service Revenue $1,843,566

Investment Income $44,532

Other Revenue $595,846

TOTAL REVENUE $3,488,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,679,316

Fundraising Expenses $0

Program Expenses $2,884,045

Other Expenses $1,040,317

TOTAL EXPENSES $3,719,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,488,785	$4,596,416	-0.2%
Expenses	$3,719,633	$4,511,883	-0.2%
Net Income	$-230,848	$84,533	-3.7%

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

157

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

$169,304

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN BEAUCHAINE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUDY RYAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAIME JANKOWSKI	TREASURER	1.00	Officer Director	$0	$0	$0
ANTONIA BANKS	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE BONDS-FOWLER	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE FENTON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HAMLIN	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY LONG	DIRECTOR	1.00	Director	$0	$0	$0
JIM WILLERS	DIRECTOR	1.00	Director	$0	$0	$0
MARGE ZELLER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE STROUD	CEO & EXECUTIVE DIRECTOR	40.00	Officer	$157,273	$12,031	$169,304

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	$3,488,785	$3,719,633	$7,663,655	$-230,848
2023	$4,596,416	$4,511,883	$7,336,142	$84,533
2022	$4,761,985	$4,590,513	$7,320,716	$171,472
2021	$4,960,749	$4,293,974	$7,455,921	$666,775
2020	$4,053,732	$4,234,645	$7,295,461	$-180,913
2019	$4,207,091	$4,333,973	$7,689,300	$-126,882

INDUSTRIAL AID INC