Mechanical Skills Inc (EIN 510137823) - 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

1978

Legal Domicile

Principal Officer

Beth Rovazzini

Phone

3173521189

Tax Period

2024-01-01 to 2024-12-31

Mechanical Skills Inc, founded in 1978, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $586K, a strong 37% operating margin.

Mission

THE ORGANIZATION IS DEDICATED TO THE TRAINING OF APPRENTICES IN THE TRADE OF PLUMBING

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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 $0

Program Service Revenue $1,418,238

Investment Income $165,068

Other Revenue $0

TOTAL REVENUE $1,583,306

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $414,076

Fundraising Expenses $0

Other Expenses $563,563

TOTAL EXPENSES $997,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,583,306	$2,692,321	-0.4%
Expenses	$997,639	$841,814	+0.2%
Net Income	$585,667	$1,850,507	-0.7%

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

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

Total Directors

$6,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Hallam	Director	1.00	Director	$6,950	$0	$6,950
Justin Dorsey	Director	1.00	Director	$0	$0	$0
Doug Isley	Director	1.00	Director	$0	$0	$0
Laura Ciriello-Benedict	Director	1.00	Director	$0	$0	$0
Nate Wolfe	Director	1.00	Director	$0	$0	$0
Greg Brenneman	Chairman	1.00	Officer	$0	$0	$0
Beth Rovazzini	Treasurer	1.00	Officer	$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
2024	$1,583,306	$997,639	$5,758,462	$585,667
2023	$2,692,321	$841,814	$4,755,108	$1,850,507
2022	$1,285,258	$2,010,783	$2,818,653	$-725,525
2021	$1,154,558	$654,757	$3,512,568	$499,801
2020	$1,081,935	$643,626	$2,972,206	$438,309

Mechanical Skills Inc