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Filing year 2024

INDUSTRIAL TECHNOLOGY INSTITUTE

Plymouth, Michigan·EIN 38-2388532·3
Total revenue
$13.4M
Total assets
$11.4M
Total expenses
$12.8M
Reported officers
20
Mission

TO ENHANCE THE GLOBAL COMPETITIVENESS OF MICHIGAN'S SMALL TO MEDIUM-SIZED MANUFACTURERS.

Executive compensation, broken down

Form 990 · Schedule J · 9 reported individuals · Filing year 2024

$290k
$307k
Base
$234k
Bonus
$36k
Other
$3k
Benefits
$5k
Manager Operational Excellence
highest compensated employee
$235k
$248k
Base
$161k
Bonus
$27k
Other
$3k
Benefits
$36k
Vice President, Operations
vice president
$219k
$231k
Base
$170k
Bonus
$2k
Other
$3k
Benefits
$35k
Vice President, Business Development
vice president
$217k
$230k
Base
$152k
Bonus
$20k
Other
$3k
Benefits
$35k
Program Manager, Lean
highest compensated employee
$217k
$229k
Base
$153k
Bonus
$22k
Other
$3k
Benefits
$31k
Business Leader Advisor
highest compensated employee
$214k
$226k
Base
$149k
Bonus
$18k
Other
$3k
Benefits
$36k
Sr Lean Costing & Proj. Manager
highest compensated employee
$210k
$222k
Base
$145k
Bonus
$23k
Other
$3k
Benefits
$31k
Manufacturing Services Manager
highest compensated employee
$178k
$188k
Base
$145k
Bonus
$20k
Other
$3k
Benefits
$3k
Controller
officer (unspecified)
$129k
$136k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 11 unpaid individuals.

Held roughly steady
over 3 years

From $300k in 2021 to $290k in 2024.

$300k
2021
$264k
2023
$290k
2024
In today's dollarsEst.
Down 18% in real terms$374k to $307k

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INDUSTRIAL TECHNOLOGY INSTITUTE reported revenue and expenses across 3 filing years.

RevenueExpenses
$15.3M
$13.6M
2021
$12M
$11.7M
2023
$13.4M
$12.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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