TRUSS PLATE INSTITUTE INC (EIN 520886039) - 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

1960

Legal Domicile

Principal Officer

JAY JONES

Phone

2402106464

Tax Period

2023-01-01 to 2023-12-31

TRUSS PLATE INSTITUTE INC, founded in 1960, is a small nonprofit that reported $125K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $317K exceeded revenue, resulting in a 154% operating deficit.

Mission

TO MAINTAIN THE TRUSS INDUSTRY ON A SOUND ENGINEERING BASIS.

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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 $81,700

Investment Income $16,239

Other Revenue $27,237

TOTAL REVENUE $125,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,382

Fundraising Expenses $0

Other Expenses $114,105

TOTAL EXPENSES $317,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,176	$521,689	-0.8%
Expenses	$317,487	$292,255	+0.1%
Net Income	$-192,311	$229,434	-1.8%

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

$184,251

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MILLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BAIRD QUISENBERRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WAYNE MASENGILL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL SCHWITTER	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSH FITZGERALD	DIRECTOR	1.00	Director	$0	$0	$0
BILL HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
MATT DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JAY JONES PE	EXECUTIVE DIRECTOR	40.00	Officer	$176,213	$8,038	$184,251

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	$125,176	$317,487	$807,254	$-192,311
2022	$521,689	$292,255	$924,603	$229,434
2021	$223,536	$247,735	$811,490	$-24,199
2020	$227,486	$260,518	$774,492	$-33,032
2019	$291,150	$446,698	$760,199	$-155,548
2018	$363,008	$507,228	$891,515	$-144,220

TRUSS PLATE INSTITUTE INC