INDUSTRIAL ARTS INSTITUTE INC

EIN: 463997543 501(c)(3) Education

ONAWAY, MI

Total Revenue
$829,824
Total Expenses
$887,796
Total Assets
$962,076
Net Assets
$781,907
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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
2017
Legal Domicile
MI
Principal Officer
JACKIE KRAWCZACK
Phone
9897334369
Tax Period
2024-04-01 to 2025-03-31

INDUSTRIAL ARTS INSTITUTE INC, founded in 2017, is a small nonprofit in the Education sector that reported $830K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TO DEVELOP AND INSPIRE A NOBLE WORKFORCE BY COMBINING INNOVATIVE EDUCATION WITH TIME HONORED TRAINING TO CONNECT TALENT WITH PROFESSIONAL SKILLED TRADES INDUSTRIES. THE INDUSTRIAL ARTS INSTITUTE IS NATIONALLY RECOGNIZED FOR ITS CONTRIBUTION TO BUILDING THE PROFESSIONAL TRADES WORKFORCE BY SETTING A NEW EDUCATIONAL MODEL STANDARD TO EMPOWER NEXT GENERATIONS FOR WEALTH CREATION INDUSTRIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $221,676
Program Service Revenue $528,279
Investment Income $-18,937
Other Revenue $98,806
TOTAL REVENUE $829,824

Expense Breakdown

Grants Paid $127,500
Salaries & Benefits $358,250
Fundraising Expenses $0
Program Expenses $711,711
Other Expenses $402,046
TOTAL EXPENSES $887,796

Year-over-Year Comparison

2024 2023 Change
Revenue $829,824 $942,013 -0.1%
Expenses $887,796 $812,559 +0.1%
Net Income $-57,972 $129,454 -1.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
4
Volunteers
9

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
3
$79,148
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACKIE KRAWCZAK PRESIDENT 1.00
Officer Director
$0 $0 $0
REINHARDT E JAHN SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
THOMAS MORAN DIRECTOR 1.00
Director
$0 $0 $0
HANNAH SANDERSON DIRECTOR 1.00
Director
$0 $0 $0
JIM RUMMER DIRECTOR 1.00
Director
$0 $0 $0
RANDY NORRIS DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM LARGENT DIRECTOR AS OF 10/2024 1.00
Director
$0 $0 $0
TAMARA WARD EXECUTIVE DIRECTOR 40.00
Officer
$75,712 $3,436 $79,148
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 $829,824 $887,796 $962,076 $-57,972
2024 $942,013 $812,559 $929,029 $129,454
2023 $802,824 $836,905 $832,084 $-34,081
2022 $1,210,464 $966,793 $842,814 $243,671
2021 $771,453 $642,063 $847,847 $129,390
2020 $809,334 $775,438 $643,937 $33,896
2019 $995,243 $775,010 $519,111 $220,233
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