INTERNATIONAL ASSOCIATION OF MACHINISTS & AEROSPACE WORKERS (EIN 440520394) - 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

1946

Legal Domicile

Principal Officer

John Coveny

Phone

8164526646

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF MACHINISTS & AEROSPACE WORKERS, founded in 1946, is a mid-sized nonprofit that reported $23.2M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

For the betterment of wages hours and working conditions

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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 $20,307,671

Program Service Revenue $2,710,401

Investment Income $156,243

Other Revenue $0

TOTAL REVENUE $23,174,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,091,796

Fundraising Expenses $0

Program Expenses $24,836,902

Other Expenses $17,745,106

TOTAL EXPENSES $24,836,902

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,174,315	$18,559,798	+0.2%
Expenses	$24,836,902	$12,349,258	+1.0%
Net Income	$-1,662,587	$6,210,540	-1.3%

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

N/A

Employees

104

Volunteers

100

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

$416,690

Total Directors

Key Employees

$872,040

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Coveny	Pres DGC	40.00	Officer Highest	$192,617	$0	$192,617
Jesse Wilson	General Chr GC	40.00	Key Emp	$176,267	$0	$176,267
James Jeffry	GC	40.00	Key Emp	$174,179	$0	$174,179
Oralia Beecher	GC	40.00	Key Emp	$174,050	$0	$174,050
Kenneth Coley	GC	40.00	Key Emp	$173,839	$0	$173,839
William Wise	GC	40.00	Key Emp	$173,705	$0	$173,705
Joseph Shultz Jr	Sec-Treas	40.00	Officer	$162,737	$0	$162,737
Sean Holland	Trustee	0.00	Officer	$24,436	$0	$24,436
Nina Caldwell	VP	0.00	Officer	$18,808	$0	$18,808
Robert Nedeijkovic	VP	0.00	Officer	$3,000	$0	$3,000
Mark Ball	Trustee	0.00	Officer	$2,850	$0	$2,850
Andrew Boyd	VP	0.00	Officer	$2,850	$0	$2,850
Todd Vandervelde	VP	0.00	Officer	$2,850	$0	$2,850
Jennifer Araujo	Trustee	0.00	Officer	$2,700	$0	$2,700
Sonya Nugent	VP	0.00	Officer	$2,700	$0	$2,700
Michael Mead	VP	0.00	Officer	$1,142	$0	$1,142

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	No data	No data	No data	No data
2023	$23,174,315	$24,836,902	$9,799,988	$-1,662,587
2022	$18,559,798	$12,349,258	$11,462,575	$6,210,540
2021	$15,274,084	$14,272,855	$5,264,114	$1,001,229
2020	$17,431,536	$15,705,621	$3,361,044	$1,725,915
2019	$17,631,749	$18,089,554	$1,635,129	$-457,805
2018	$17,242,872	$16,724,364	$2,095,728	$518,508

INTERNATIONAL ASSOCIATION OF MACHINISTS & AEROSPACE WORKERS