INDUSTRIAL ARTS INSTITUTE INC

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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

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

DEVELOPING INDIVIDUAL ASSETS WITH TIME HONORED TRAINING TO CONNECT TALENT WITH INDUSTRY. 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.

Program Service Accomplishments

Program 1

Expenses: $711,711 Revenue: $597,405

DEVELOPED APPROXIMATELY 40 STUDENTS WITH TIME HONORED TRAINING IN WELDING TRADES TO CONNECT TALENT WITH INDUSTRY. INDUSTRIAL ARTS INSTITUTE HAS 124 ACTIVE STUDENT LOANS AND 53 THAT HAVE BEEN PAID OFF...

Program 2

BASIC WELDING, ORNAMENTAL WELDING, HS WORK BASED LEARING PROGRAMS, CORPORATE WELDER TRAINNG & TESTING AND YOUTH WELDING CAMPS AND ACADEMIES

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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 (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

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

$79,148

Total Directors

Key Employees

Highest Compensated

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