INDUSTRY DEVELOPMENT FUND (EIN 440650175) - 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

1959

Legal Domicile

Phone

9139489200

Tax Period

2023-06-01 to 2024-05-31

INDUSTRY DEVELOPMENT FUND, founded in 1959, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 9% surplus.

Mission

PROMOTE PUBLIC AWARENESS OF THE PIPEFITTING INDUSTRY

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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 $0

Program Service Revenue $1,242,326

Investment Income $16,135

Other Revenue $0

TOTAL REVENUE $1,258,461

Expense Breakdown

Grants Paid $18,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,143,532

Other Expenses $1,124,782

TOTAL EXPENSES $1,143,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,258,461	$964,187	+0.3%
Expenses	$1,143,532	$924,387	+0.2%
Net Income	$114,929	$39,800	+1.9%

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

$299,694

Total Directors

$299,694

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACY ZERR	Executive Dir.	2.00	Officer Director	$0	$26,133	$299,694
ROBERT A LOOMAN	PAST EXEC DIRECTOR	0.00		$0	$27,169	$192,475
GREG STANGER	PAST PRESIDENT	2.00	Director	$0	$0	$0
CLAY DANIELS	Trustee	2.00	Director	$0	$0	$0
MELINDA ROCHA	Trustee	2.00	Director	$0	$0	$0
CHRIS HUTCHINGS	President	2.00	Officer Director	$0	$0	$0
JUSTIN GUNTER	Vice President	2.00	Officer Director	$0	$0	$0
CHRIS RIMEL	Trustee	2.00	Director	$0	$0	$0
PHILLIP NEHRING	Treasurer	2.00	Officer Director	$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	$1,258,461	$1,143,532	$726,747	$114,929
2023	$964,187	$924,387	$611,818	$39,800
2022	$924,227	$832,054	$572,018	$92,173
2021	$844,341	$754,695	$479,845	$89,646
2020	$926,598	$893,474	$390,199	$33,124
2019	$857,651	$835,319	$357,075	$22,332

INDUSTRY DEVELOPMENT FUND