Tanaitra Inc
- Assets
- $10.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 19
- Location
- Bowie, MD
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 11-3642909
Organization Overview
Tanaitra Inc, operating under the name Tire Industry Association, is located in Bowie, MD. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Tire Industry Association employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tire Industry Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Tire Industry Association generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TIA IS AN INTERNATIONAL ASSOCIATION REPRESENTING ALL SEGMENTS OF THE TIRE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TIA OFFERS A COMPLETE CURRICULUM OF TRAINING PROGRAMS THAT INCLUDE THE STEP-BY-STEP PROCEDURES FOR TIRE SERVICE TECHNICIANS IN THE AUTOMOTIVE, COMMERCIAL, EARTHMOVER, FARM AND INDUSTRIAL TIRE MARKETS. THE AUTOMOTIVE TIRE SERVICE (ATS) PROGRAM COVERS THE SERVICE AND SAFETY GUIDELINES FOR PASSENGER AND LIGHT TRUCK TIRES. THE COMMERCIAL TIRE SERVICE (CTS) PROGRAM ADDRESSES THE SAFETY GUIDELINES, PROCEDURES AND OSHA REGULATIONS FOR SERVICING TRUCK AND BUS TIRES. THE EARTHMOVER TIRE SERVICE (ETS) PROGRAM COVERS THE SERVICE PROCEDURES AND SAFETY GUIDELINES FOR TIRES IN OFF-THE-ROAD CONSTRUCTION AND MINING APPLICATIONS. FARM TIRE SERVICE (FTS) PROVIDES SERVICE PROCEDURES AND SAFETY GUIDELINES FOR AGRICULTURAL TIRES AND WHEELS WHILE THE INDUSTRIAL TIRE SERVICE (ITS) PROGRAM DOES THE SAME FOR FORKLIFTS AND SMALL MATERIAL HANDLING VEHICLES WITH PNEUMATIC OR SOLID RUBBER TIRES. THE ATS, CTS, ETS, FTS AND ITS PROGRAMS ARE AVAILABLE VIA TIA'S ONLINE UNIVERSITY AND DESIGNED FOR NEW HIRES OR EXPERIENCED EMPLOYEES IN NEED OF DOCUMENTED TRAINING. ATS, CTS AND ETS HAVE MORE ADVANCED CERTIFIED VERSIONS THAT INCORPORATE INDUSTRY RECOMMENDED PRACTICES INTO THE CURRICULUM, REQUIRE A HIGHER LEVEL OF SKILLS DEMONSTRATION AND INCLUDE A PROCTORED FINAL EXAMINATION FOR MEMBERS THAT WANT THE HIGHEST LEVEL OF TRAINING AND RECOGNITION FOR THEIR TECHNICIANS. IN 2023, TIA RELEASED THE CERTIFIED CTS PROGRAM TO INCLUDE A NEW MODULE ON TIRE AND WHEEL INSPECTION, NEW INFORMATION ON ROAD SERVICE SAFETY, AND OTHER UPDATES TO VARIOUS MODULES WITHIN THE PROGRAM. TIA ALSO COMPLETED PRODUCTION OF THE CERTIFIED ATS PROGRAM AND TRANSLATED BASIC CTS INTO SPANISH.
CONFERENCES AND TRADE SHOWS - TIA HOLDS AN ANNUAL TRADESHOW EACH YEAR IN LAS VEGAS. THIS 4 DAY EVENT INCLUDES NETWORKING RECEPTIONS, EDUCATIONAL SEMINARS ALONG WITH A TRADESHOW HELD IN THE SOUTH HALL OF THE LAS VEGAS CONVENTION CENTER. TIA ALSO HOLDS AN ANNUAL OFF-THE-ROAD TIRE CONFERENCE. THIS 3 DAY EVENT INCLUDES EDUCATIONAL SEMINARS, TABLETOP DISPLAYS AND NETWORKING RECEPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Pangle Past President | OfficerTrustee | 1 | $0 |
Keith Jarman Vice President | OfficerTrustee | 1 | $0 |
Debra Hamlin Secretary | OfficerTrustee | 0.5 | $0 |
Tj Trum Treasurer | OfficerTrustee | 0.5 | $0 |
Russ Devens Director | Trustee | 0.5 | $0 |
Chris Rhoades Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Merrick Printing Company Printing And Order Fulfillment | 12/30/23 | $671,249 |
Creative Visualspeter L Kuhn Video Production,filiming,editing And Fi | 12/30/23 | $141,918 |
Msx International Rns Llc Online Training - Hosting And Maint. | 12/30/23 | $131,275 |
Hilton Tucson El Conquistador Golf & Ten Hospitality Services | 12/30/23 | $247,340 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25 |
| Total Program Service Revenue | $1,746,071 |
| Investment income | $470,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $140,698 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,786,250 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,103,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $549,844 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,203,280 |
| Pension plan accruals and contributions | $31,095 |
| Other employee benefits | $132,899 |
| Payroll taxes | $116,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,630 |
| Fees for services: Accounting | $108,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,822 |
| Fees for services: Other | $106,504 |
| Advertising and promotion | $23,953 |
| Office expenses | $271,867 |
| Information technology | $270,174 |
| Royalties | $0 |
| Occupancy | $61,342 |
| Travel | $339,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $639,063 |
| Interest | $671 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,549 |
| Insurance | $46,580 |
| All other expenses | -$1,632 |
| Total functional expenses | $4,123,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,793 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $602,391 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $669,987 |
| Prepaid expenses and deferred charges | $253,190 |
| Net Land, buildings, and equipment | $206,696 |
| Investments—publicly traded securities | $7,994,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $428,692 |
| Total assets | $10,535,475 |
| Accounts payable and accrued expenses | $162,515 |
| Grants payable | $0 |
| Deferred revenue | $830,054 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,631 |
| Total liabilities | $1,028,200 |
| Net assets without donor restrictions | $9,507,275 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,535,475 |
Grants Awarded
Over the last fiscal year, Tanaitra Inc has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCRAP TIRE RESEARCH AND EDUCATION FOUNDATION PURPOSE: DONATIONS | $25,000 |
TIRE RETREAD INFORMATION BUREAU PURPOSE: DONATIONS | $15,000 |