INDEPENDENT LUBRICANT MANUFACTURERS ASSOCIATION (EIN 440554072) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Principal Officer

HOLLY ALFANO

Phone

7036845574

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT LUBRICANT MANUFACTURERS ASSOCIATION, founded in 1948, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2018. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $736K, a strong 18% operating margin.

Mission

TO SERVE AND ADVOCATE FOR INDEPENDENT LUBRICANT MANUFACTURERS IN A GLOBAL MARKETPLACE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,058,236

Investment Income $42,116

Other Revenue $109,931

TOTAL REVENUE $4,210,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,065,147

Fundraising Expenses $0

Other Expenses $2,824,310

TOTAL EXPENSES $3,889,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,210,283	$2,833,624	+0.5%
Expenses	$3,889,457	$2,860,028	+0.4%
Net Income	$320,826	$-26,404	-13.2%

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

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

$363,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN BALL	PRESIDENT	5.00	Officer Director	$0	$0	$0
CATHARINE GOLDEN	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD CAMPER	TREASURER (THRU 10/23)	5.00	Officer Director	$0	$0	$0
JIM CARROLL	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL DAMIANI	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
CHUCK DECKER	PAST PRESIDENT	5.00	Director	$0	$0	$0
BARBARA KUDIS	PAST PRESIDENT	2.00	Director	$0	$0	$0
TONY SPRINGER	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
FRANK HAMILTON III	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
DAN OWCZARZAK	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
GREG JULIAN	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
JOHN LORIMOR	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MCGINNIS	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
DAVE RICHARDS	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
TOM SCHROEDER	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
MIKE SKURITOVICH	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
DONNA NIJAK	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
DEAN FRONEY	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
HOLLY ALFANO	CEO	40.00	Officer	$302,323	$61,597	$363,920
CAITLIN JACOBS	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$129,201	$14,841	$144,042
MELISSA EDWARDS	DIRECTOR OF MEETINGS	40.00	Highest	$116,961	$16,033	$132,994
AMBER MONROE	DIRECTOR OF MARKETING	40.00	Highest	$104,750	$12,696	$117,446

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	$4,210,283	$3,889,457	$8,154,606	$320,826
2022	$2,833,624	$2,860,028	$7,301,312	$-26,404
2021	$4,142,344	$3,328,483	$7,668,053	$813,861
2020	$1,945,826	$2,188,763	$7,133,976	$-242,937
2019	$3,584,226	$3,775,798	$6,702,247	$-191,572
2018	$4,146,901	$3,411,258	$5,958,007	$735,643

INDEPENDENT LUBRICANT MANUFACTURERS ASSOCIATION