INTERNATIONAL ASSOCIATION OF MACHINISTS & AEROSPACE WORKERS

EIN: 941116539

Elk Grove Village, IL

Total Revenue
$13,973,769
Total Expenses
$11,567,683
Total Assets
$27,062,739
Net Assets
$19,112,894
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
IL
Principal Officer
Mike Klemm
Phone
2242651300
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL ASSOCIATION OF MACHINISTS & AEROSPACE WORKERS, founded in 1946, is a mid-sized nonprofit that reported $14.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.4M, a strong 17% operating margin.

Mission

Improvement of wages, hours, benefits and work conditions of our members.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,750,302
Program Service Revenue $0
Investment Income $322,136
Other Revenue $1,901,331
TOTAL REVENUE $13,973,769

Expense Breakdown

Grants Paid $31,650
Salaries & Benefits $8,010,541
Fundraising Expenses $0
Program Expenses $0
Other Expenses $3,525,492
TOTAL EXPENSES $11,567,683

Year-over-Year Comparison

2024 2023 Change
Revenue $13,973,769 $12,423,169 +0.1%
Expenses $11,567,683 $10,828,265 +0.1%
Net Income $2,406,086 $1,594,904 +0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
229
Independent Members
229
Employees
76
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
11
$503,587
Total Directors
3
$23,546
Key Employees
20
$3,702,459
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Klemm PDGC 40
Officer
$203,474 $0 $203,474
Alexander Gerulis ST 40
Officer
$194,226 $0 $194,226
Mitch Buckley AGC 40
Key Emp
$185,784 $0 $185,784
Kyle Carroll AGC 40
Key Emp
$185,784 $0 $185,784
Tony Gibson AGC 40
Key Emp
$185,784 $0 $185,784
Warren Glenn AGC 40
Key Emp
$185,784 $0 $185,784
Troy Rivera AGC 40
Key Emp
$185,784 $0 $185,784
Rich Robinson AGC 40
Key Emp
$185,784 $0 $185,784
Erik Stenberg AGC 40
Key Emp
$185,784 $0 $185,784
William Wilson AGC 40
Key Emp
$185,784 $0 $185,784
Shannon Robello AGC 40
Key Emp
$185,764 $0 $185,764
Joseph Bartz AGC 40
Key Emp
$184,977 $0 $184,977
Mark Baskett AGC 40
Key Emp
$184,977 $0 $184,977
Richard Creighton AGC 40
Key Emp
$184,977 $0 $184,977
Michael Cyscon AGC 40
Key Emp
$184,977 $0 $184,977
Mike Fairbanks AGC 40
Key Emp
$184,977 $0 $184,977
Michael B Maiorino AGC 40
Key Emp
$184,977 $0 $184,977
Michael Quartuccio AGC 40
Key Emp
$184,977 $0 $184,977
Patrick J Rezler AGC 40
Key Emp
$184,977 $0 $184,977
Olulade Ajetomobi AGC 40
Key Emp
$184,103 $0 $184,103
Arthur Croker AGC 40
Key Emp
$184,103 $0 $184,103
Victor Hernandez AGC 40
Key Emp
$182,401 $0 $182,401
Steven J Miller AGC 40
Highest
$181,614 $0 $181,614
Robert Jesel AGC 40
Highest
$174,887 $0 $174,887
Terry Stansbury AGC 40
Highest
$174,887 $0 $174,887
John M Staton Jr AGC 40
Highest
$174,887 $0 $174,887
Frank Giannola Spec Rep 40
Highest
$139,520 $0 $139,520
Antonio Colina VP - Spec Rep 40
Officer
$43,407 $0 $43,407
Cristina Odoardi Trustee 4
Officer Director
$19,138 $0 $19,138
Rodney Walker VP 4
Officer
$17,972 $0 $17,972
Faysal J Silwany VP 4
Officer
$10,616 $0 $10,616
Stacey Williams VP 4
Officer
$6,746 $0 $6,746
Derrick S Monk Trustee 4
Officer Director
$2,608 $0 $2,608
Bartolo Licciardi Trustee 4
Officer Director
$1,800 $0 $1,800
Arno R Hohn Jr VP 4
Officer
$1,800 $0 $1,800
Sharon Sugiyama VP 4
Officer
$1,800 $0 $1,800
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 $13,973,769 $11,567,683 $27,062,739 $2,406,086
2023 $12,423,169 $10,828,265 $24,605,184 $1,594,904
2022 $10,461,162 $10,565,540 $17,706,822 $-104,378
2021 $9,266,891 $8,718,931 $16,639,054 $547,960
2020 $10,246,495 $8,041,322 $15,029,155 $2,205,173
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