NATIONAL INSTITUTE OF METAL WORKIN… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

MONTEZ KING

Phone

7033524971

Tax Period

2023-01-01 to 2023-12-31

NATIONAL INSTITUTE OF METAL WORKING SKILLS INC, founded in 1995, is a community nonprofit in the Employment sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

DEVELOPMENT AND PROMULGATION OF PRECISION MANUFACTURING SKILL STANDARDS, CERTIFIES INDIVIDUAL SKILLS AGAINST STANDARDS, ACCREDITS PROGRAMS THAT MEET QUALITY REQUIREMENTS.

Program Service Accomplishments

Program 1

Expenses: $433,749 Revenue: $44,124

STANDARDS AND PRODUCT DEVELOPMENT:NIMS HAS DEVELOPED A SMART STANDARDS METHODOLOGY TO PROPERLY TRAIN EMPLOYEES IN A WORLD WHERE TECHNOLOGY EMERGES, AND CHANGES FASTER THAN AN AVERAGE INDIVIDUAL CAN MASTER IN THEIR CAREER SPAN. ITS CUSTOMIZABLE FORMAT IS ALIGNED WITH MANUFACTURERS AND BASED ON SPECIFIC JOB ROLES WITHIN AN OCCUPATION THAT ARE EASILY STACKABLE INTO A MASTERFUL CAREER. SMART STANDARDS ENABLE COMMUNITIES TO DEFINE THEIR SPECIFIC JOB ROLES FROM A COLLECTION OF INDUSTRY-RECOGNIZED JOB DUTIES.

Program 2

Expenses: $286,628 Revenue: $1,028,050

CREDENTIALING (INCLUDES INTERNATIONAL): SET NATIONAL INDUSTRY SKILL STANDARDS AND ISSUE CREDENTIALS TO CERTIFY STUDENTS AND WORKERS IN MANUFACTURING AGAINST INDUSTRY RECOGNIZED STANDARDS.

Program 3

Expenses: $269,752 Revenue: $387,897

BUSINESS DEVELOPMENT:NIMS HELPS ORGANIZATIONS VALIDATE PERFORMANCE WITH PRACTICAL EXPERIENCES THAT REFLECT WHAT THEIR EMPLOYEES WILL FACE ON THE JOB. WE USE INNOVATIVE PROCESSES TO HELP ORGANIZATIONS DISCOVER THESE EXPERIENCES, DETERMINE HOW THEY WILL TRANSFER KNOWLEDGE AND SKILLS TO OTHERS, AND PLAN HOW THEY WILL RECOGNIZE STUDENTS AND WORKERS FOR THEIR SUCCESS.

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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 $185,970

Program Service Revenue $1,663,164

Investment Income $19,994

Other Revenue $0

TOTAL REVENUE $1,869,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $772,442

Fundraising Expenses $0

Program Expenses $1,257,758

Other Expenses $1,076,378

TOTAL EXPENSES $1,848,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,869,128	$2,043,330	-0.1%
Expenses	$1,848,820	$1,900,518	0.0%
Net Income	$20,308	$142,812	-0.9%

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

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

$212,453

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG CHAMBERS	CHAIRMAN	4.00	Officer Director	$0	$0	$0
KIMBERLY ARRIGONI	TREASURER	2.00	Officer Director	$0	$0	$0
ROY SWEATMAN	VICE CHAIR EXEC COMMITTEE	1.00	Officer Director	$0	$0	$0
DEAN BARTLES	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
GRADY COPE	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA DOWLING	DIRECTOR	1.00	Director	$0	$0	$0
GRETCHEN HOMEYER	DIRECTOR	1.00	Director	$0	$0	$0
GREG JONES	DIRECTOR	1.00	Director	$0	$0	$0
JASON KOEHN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK OSBORNE	DIRECTOR	1.00	Director	$0	$0	$0
SARA LOZANO	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS FALGIATANO	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE KING	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN REID	DIRECTOR	1.00	Director	$0	$0	$0
RYAN SPIELMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNY STUPICA	DIRECTOR	1.00	Director	$0	$0	$0
MONTEZ KING	EXECUTIVE DIRECTOR/SECRETARY	40.00	Officer	$186,500	$25,953	$212,453
ALEXANDER STARNER	SENIOR TECHNICAL ADVISOR	40.00	Highest	$134,000	$6,292	$140,292

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	$1,869,128	$1,848,820	$1,410,685	$20,308
2022	$2,043,330	$1,900,518	$1,471,797	$142,812
2021	$1,942,044	$1,700,485	$1,397,764	$241,559
2020	$1,357,418	$1,799,652	$1,369,353	$-442,234
2019	$2,484,821	$2,181,836	$2,069,771	$302,985
2018	$1,876,811	$2,419,204	$1,690,294	$-542,393

NATIONAL INSTITUTE OF METAL WORKING SKILLS INC