MANUFACTURING INDUSTRIAL COUNCIL OF SEATTLE

EIN: 911897027 Community Improvement

SEATTLE, WA

Total Revenue
$327,250
Total Expenses
$370,926
Total Assets
$43,679
Net Assets
$42,581
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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
1998
Legal Domicile
WA
Principal Officer
JAMES D GERING
Phone
2067622470
Tax Period
2021-01-01 to 2021-12-31

MANUFACTURING INDUSTRIAL COUNCIL OF SEATTLE, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $327K in total revenue in fiscal year 2021. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $371K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MIC IS COMMITTED TO THE CONTINUANCE OF THE PRIVATE INDUSTRIAL BASE OF SEATTLE.

Program Service Accomplishments

Program 1
Expenses: $370,926

CORE PLUS IS A K-12 STEM-BASED CURRICULUM THAT WAS DEVELOPED AND VALIDATED BY INDUSTRY IN PARTNERSHIP WITH THE MIC AND OSPI. THE MIC IS ASSISTING IN THE IMPLEMENTATION OF CORE PLUS AND CONTINUES...

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CORE PLUS IS A K-12 STEM-BASED CURRICULUM THAT WAS DEVELOPED AND VALIDATED BY INDUSTRY IN PARTNERSHIP WITH THE MIC AND OSPI. THE MIC IS ASSISTING IN THE IMPLEMENTATION OF CORE PLUS AND CONTINUES SUPPORT THE REVIEW AND VALIDATION OF KNOWLEDGE SKILLS AND ABILITIES (KSAS) THAT STUDENTS ARE ABLE TO LEARN THROUGH CLASSES IN COMPUTER-AIDED-DESIGN, METAL FABRICATING, AEROSPACE TECHNOLOGY, MARINE TECHNOLOGY, MACHINING, CONSTRUCTION AND AGRICULTURAL SUPPORT SERVICES.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $318,550
Program Service Revenue $8,700
Investment Income $0
Other Revenue $0
TOTAL REVENUE $327,250

Expense Breakdown

Grants Paid $0
Salaries & Benefits $268,763
Fundraising Expenses $0
Program Expenses $370,926
Other Expenses $102,163
TOTAL EXPENSES $370,926

Year-over-Year Comparison

2021 2020 Change
Revenue $327,250 $524,518 -0.4%
Expenses $370,926 $378,063 0.0%
Net Income $-43,676 $146,455 -1.3%
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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Governance

Voting Members
12
Independent Members
12
Employees
3
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
4
$86,204
Total Directors
12
$86,204
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES D GERING EXECUTIVE DI 40.00
Officer Director
$86,204 $0 $86,204
WARREN AAKERVIK TREASURER N/A
Officer Director
$0 $0 $0
SCOTT ANDERSON DIRECTOR N/A
Director
$0 $0 $0
JOHNNY BIANCHI CO-CHAIR N/A
Officer Director
$0 $0 $0
DOUG DIXON DIRECTOR N/A
Director
$0 $0 $0
MARC DOAN DIRECTOR N/A
Director
$0 $0 $0
KATHLEEN GOODMAN CO-CHAIR N/A
Officer Director
$0 $0 $0
ADAM GRIM DIRECTOR N/A
Director
$0 $0 $0
JOHAN HELLMAN DIRECTOR N/A
Director
$0 $0 $0
PAT JABLONSKI DIRECTOR N/A
Director
$0 $0 $0
JORDAN ROYER DIRECTOR N/A
Director
$0 $0 $0
PETE STOLTZ DIRECTOR N/A
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 No data No data No data No data
2021 $327,250 $370,926 $43,679 $-43,676
2020 $524,518 $378,063 $86,892 $146,455
2019 $115,411 $198,599 $4,146 $-83,188
2018 $237,124 $257,369 $33,411 $-20,245
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