MILLWRIGHT EMPLOYERS ASSOCIATION

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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

1986

Legal Domicile

Principal Officer

MICHAEL J VLAMING

Phone

7075526040

Tax Period

2024-07-01 to 2025-06-30

MILLWRIGHT EMPLOYERS ASSOCIATION, founded in 1986, is a small nonprofit that reported $928K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $499K, a strong 54% operating margin.

Mission

LABOR CONTRACT NEGOTIATION AND ADMINISTRATION, AND DEVELOPMENT OF INDUSTRY BEST PRACTICES REGARDING LABOR, SAFETY AND TRAINING.

Program Service Accomplishments

Program 1

Expenses: $424,463 Revenue: $928,069

LABOR CONTRACT NEGOTIATION AND ADMINISTRATION FOR MEMBERS OF TRADE ASSOCIATION EXEMPT UNDER 501(C)(6)

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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 $0

Program Service Revenue $892,408

Investment Income $35,661

Other Revenue $0

TOTAL REVENUE $928,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $424,463

Other Expenses $428,705

TOTAL EXPENSES $428,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$928,069	$765,009	+0.2%
Expenses	$428,705	$475,661	-0.1%
Net Income	$499,364	$289,348	+0.7%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J VLAMING	EXECUTIVE DIRECTOR	10.00	Director	$0	$0	$0
NEIL HODGSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOTT RANALDI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GARY RATLIFF	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT VACEK	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVEN VAUGHAN	DIRECTOR	2.00	Director	$0	$0	$0
RON HALL	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE HODGES	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
PAUL GONZALES	DIRECTOR	2.00	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
2025	$928,069	$428,705	$1,904,780	$499,364
2024	$765,009	$475,661	$1,404,366	$289,348
2023	$596,120	$436,774	$1,114,268	$159,346
2022	$513,404	$305,205	$952,247	$208,199
2021	$431,963	$231,988	$740,223	$199,975
2020	$390,809	$319,727	$536,967	$71,082
2019	$369,458	$301,555	$465,860	$67,903