MECHANICAL INDUSTRY PROMOTION FUND OF KENTUCKY (EIN 816325022) - 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

2016

Legal Domicile

Principal Officer

STEVEN A MILBY

Phone

5024521578

Tax Period

2024-01-01 to 2024-12-31

MECHANICAL INDUSTRY PROMOTION FUND OF KENTUCKY, founded in 2016, is a community nonprofit in the Employment sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $505K, a strong 49% operating margin.

Mission

PROMOTE HARMONY & STABILITY BETWEEN LABOR & MANAGEMENT, PROVIDES FOR EDUCATIONAL FACILITIES FOR IMPROVING MEMBERS CONTRACTING KNOWLEDGE & TECHNICAL ABILITIES LEADING TO EFFICIENT AND ECONOMICAL INSTALLATIONS IN A FAIR & HARMONOUS MANNER.

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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 $1,004,757

Program Service Revenue $0

Investment Income $31,699

Other Revenue $0

TOTAL REVENUE $1,036,456

Expense Breakdown

Grants Paid $50,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $531,250

Other Expenses $480,750

TOTAL EXPENSES $531,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,036,456	$789,463	+0.3%
Expenses	$531,250	$523,246	+0.0%
Net Income	$505,206	$266,217	+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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JAMES LUSK	TRUSTEE	Director	$0	$0	$0
DENNIS MEIMAN JR	TRUSTEE	Director	$0	$0	$0
ANTHONY HUMPHREY	TRUSTEE	Director	$0	$0	$0
BRIAN KRUER	TRUSTEE	Director	$0	$0	$0
STEVEN MILBY	TRUSTEE	Director	$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	$1,036,456	$531,250	$1,791,279	$505,206
2023	$789,463	$523,246	$1,286,073	$266,217
2022	$620,903	$433,836	$1,019,856	$187,067
2021	$542,987	$410,658	$863,956	$132,329
2020	$507,073	$539,492	$731,627	$-32,419
2019	$639,958	$427,999	$732,880	$211,959
2018	$559,283	$380,938	$520,922	$178,345

MECHANICAL INDUSTRY PROMOTION FUND OF KENTUCKY