Civic Intelligence

The Vibration Institute

EIN 23-7260549 • 501(c)3 • Naperville, IL

Profile

The mission of the vibration institute is to disseminate practical information on evaluating machinery behavior and condition without commercial interest. The institute offers programs including education, training, certification, opportunities for exchange technical knowledge, information, procedures, and data that are offered through meetings, publications, formal training and networking.

1801 N Mill St Ste ANaperville, IL 60563

www.vi-institute.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.15x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.23x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

79th percentile

21%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

62nd percentile

14%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$3,137,017

Up $618,768 (+25%) from 2023

Liabilities

Up

$469,668

Up $69,083 (+17%) from 2023

Net Assets

Up

$2,667,349

Up $549,685 (+26%) from 2023

Revenue

Up

$2,073,600

Up $119,618 (+6.1%) from 2023

Expenses

Up

$1,594,039

Up $152,445 (+11%) from 2023

Net Income

Down

$479,561

Down $32,827 (-6.4%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,499,452Liabilities 2011: $4,122Net Assets 2011: $1,495,3302011Assets 2012: $1,594,362Liabilities 2012: $5,393Net Assets 2012: $1,588,9692012Assets 2013: $1,538,323Liabilities 2013: $10,702Net Assets 2013: $1,527,6212013Assets 2014: $1,804,048Liabilities 2014: $22,735Net Assets 2014: $1,781,3132014Assets 2015: $1,825,479Liabilities 2015: $9,397Net Assets 2015: $1,816,0822015Assets 2018: $1,879,218Liabilities 2018: $227,732Net Assets 2018: $1,651,4862018Assets 2020: $1,992,943Liabilities 2020: $321,273Net Assets 2020: $1,671,6702020Assets 2021: $2,140,742Liabilities 2021: $319,105Net Assets 2021: $1,821,6372021Assets 2022: $2,135,311Liabilities 2022: $635,927Net Assets 2022: $1,499,3842022Assets 2023: $2,518,249Liabilities 2023: $400,585Net Assets 2023: $2,117,6642023Assets 2024: $3,137,017Liabilities 2024: $469,668Net Assets 2024: $2,667,3492024

Highlighted filing

2024

Assets$3,137,017
Liabilities$469,668
Net Assets$2,667,349

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,142,9222011Expenses 2012: $1,194,2102012Revenue 2013: $1,395,508Expenses 2013: $1,486,494Net Income 2013: -$90,9862013Revenue 2014: $1,540,331Expenses 2014: $1,349,196Net Income 2014: $191,1352014Revenue 2015: $1,420,312Expenses 2015: $1,359,301Net Income 2015: $61,0112015Revenue 2018: $1,833,362Expenses 2018: $1,842,445Net Income 2018: -$9,0832018Revenue 2020: $914,774Expenses 2020: $1,108,509Net Income 2020: -$193,7352020Revenue 2021: $1,277,837Expenses 2021: $1,269,817Net Income 2021: $8,0202021Revenue 2022: $1,591,694Expenses 2022: $1,674,687Net Income 2022: -$82,9932022Revenue 2023: $1,953,982Expenses 2023: $1,441,594Net Income 2023: $512,3882023Revenue 2024: $2,073,600Expenses 2024: $1,594,039Net Income 2024: $479,5612024

Highlighted filing

2024

Revenue$2,073,600
Expenses$1,594,039
Net Income$479,561

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 22, 2025
Return Version
2024v5.0
Gross Receipts
$2,073,600
Mission and Program Overview

Mission

The mission of the vibration institute is to disseminate practical information on evaluating machinery behavior and condition without commercial interest. The institute offers programs including education, training, certification, opportunities for exchange technical knowledge, information, procedures, and data that are offered through meetings, publications, formal training and networking.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,294,934$2,223,883▲ $928,949
Cash and Non-Interest-Bearing Accounts$324,073$609,757▲ $285,684
Land, Buildings, and Equipment, Net$167,502$122,291▼ $45,211
Savings and Temporary Cash Investments$619,109$95,867▼ $523,242
Prepaid Expenses and Deferred Charges$40,389$45,948▲ $5,559
Accounts Receivable$62,237$35,894▼ $26,343
Inventories for Sale or Use$6,628--
Total Assets$2,518,249$3,137,017▲ $618,768
Other Assets Total$3,377$3,377→ $0
Liabilities
Other Liabilities$253,249$213,958▼ $39,291
Deferred Revenue$115,640$141,308▲ $25,668
Accounts Payable and Accrued Expenses$31,696$114,402▲ $82,706
Total Liabilities$400,585$469,668▲ $69,083
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,117,664$2,667,349▲ $549,685
Total Net Assets Fund Balance$2,117,664$2,667,349▲ $549,685
Total Liabilities and Net Assets / Fund Balance$2,518,249$3,137,017▲ $618,768

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$122,291$92,867$215,158
Other Securities$2,223,883--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janine KomornickExecutive DiFT$114,823$4,583$119,406
Austin CreasyTech Director ofPT$25,000-$25,000
Jack PetersDirectorPT$24,700-$24,700
Gyorgy SzaszPresidentPT$20,000-$20,000
Robert SayerPast PresidePT$19,200-$19,200
Nancy DentonTech. Director OPT$18,000-$18,000
Barry CeaseDirector-$12,500-$12,500
Monroe VoylesDirector-$10,400-$10,400
Brian BibyDirector-$5,105-$5,105
Michael TitoneDirector-$5,000-$5,000
Thomas LantripDirectorPT$1,315-$1,315
Aly El-shafeiVice Preside-$750-$750

Board Members and Trustees

NameTitle
Dave HowardDirector
Doug ElamDirector
Gene BradburyDirector
Nelson L BaxterDirector
David B SzromSec/treasure
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,891,227
Investment Income
$135,582
Other Revenue
$46,791
Change in Net Assets
$479,561

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,073,600
Revenue Not Reported on Form 990
$77,913
Total Revenue per Audited Statements
$2,151,513
Total Revenue per Form 990
$2,073,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,008,482
Salaries, Compensation, and Employee Benefits$585,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$230,314$133,133-$363,447
Current Officers, Directors, Trustees, and Key Employees$121,970$20,000-$141,970
All Other Expenses$48,834$68,873-$117,707
Advertising$65,917--$65,917
Other Expenses$63,959--$63,959
Fees for Services Other-$53,006-$53,006
Occupancy-$46,963-$46,963
Other Employee Benefits$28,869$16,688-$45,557
Travel$1,662$42,065-$43,727
Payroll Taxes$21,915$12,668-$34,583
Office Expenses-$21,097-$21,097
Fees for Services Accounting-$19,775-$19,775
Fees for Services Legal-$6,672-$6,672
Depreciation Depletion-$4,449-$4,449
Total Functional Expenses$1,148,650$445,389$0$1,594,039

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,601,828
Expenses per Audited Statements$1,594,039
Total Expenses per Form 990$1,594,039
Expenses Not Reported on Form 990$7,789
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability - Right of Use$126,233
Ppp Loan Payable$75,700
Accrued Expenses$12,025
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The institute has members that pay an annual fee in order to receive membership benefits.

Form 990, Page 6, Part VI, Line 11B

Tax return is reviewed by board before it is filed.

Form 990, Page 6, Part VI, Line 12C

If a conflict of interest is seen, or perceived, the individual recuses, or is asked to recuse themselves from decision making.

Form 990, Page 6, Part VI, Line 19

Made available on the website and at meetings

Filing and Contact Details

Filer

Filer Name
The Vibration Institute
EIN
23-7260549
Phone
6306542254
Address
1801 N MILL ST STE A, NAPERVILLE, IL 60563

Signing Officer

Name
Gyorgy Szasz
Title
President
Phone
6306542254
Signed
2025-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gyorgy Szasz
Formed
1972
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
8
Employees
7

Preparer

Firm
O'NEILL & GASPARDO LLC
Address
19070 S EVERETT BLVD UNIT 208, MOKENA, IL 60448
Preparer
Nick D Smith
Phone
7084782900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the vibration institute is to disseminate practical information on evaluating machinery behavior and condition without commercial interest. The institute offers programs including education, training, certification, opportunities for exchange technical knowledge, information, procedures, and data that are offered through meetings, publications, formal training and networking.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization adopted accounting principles related to uncertain tax positions. Currently, the 2021, 2022 and 2023 tax years are open and subject to examination by the internal revenue service, the illinois attorney general and illinois department of revenue. However, the organization is not currently under audit nor has the organization been contacted by any of these jurisdictions. The organization has evaluated its tax position taken for all open tax years. Based on the evaluation of the organization's tax positions, management believes all positions taken would be upheld under examination. Therefore, no liabilty for the effects of uncertain tax positions was recorded at december 31, 2024. Any interst and penalties recognized and associated with a tax position would be classified as miscellaneous expense on the organization's financial statements. No such amounts were recognized in the year ended december 31, 2024.

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IRS990/Form990PartVIISectionAGrp/TitleTxt16SEC/TREASURE
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IRS990/FormationYr01972
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IRS990/MissionDesc0THE MISSION OF THE VIBRATION INSTITUTE IS TO DISSEMINATE PRACTICAL INFORMATION ON EVALUATING MACHINERY BEHAVIOR AND CONDITION WITHOUT COMMERCIAL INTEREST. THE INSTITUTE OFFERS PROGRAMS INCLUDING EDUCATION, TRAINING, CERTIFICATION, OPPORTUNITIES FOR EXCHANGE TECHNICAL KNOWLEDGE, INFORMATION, PROCEDURES, AND DATA THAT ARE OFFERED THROUGH MEETINGS, PUBLICATIONS, FORMAL TRAINING AND NETWORKING.
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IRS990/OtherExpensesGrp/Desc0COURSES
IRS990/OtherExpensesGrp/Desc1TRAINING CONFERENCE
IRS990/OtherExpensesGrp/Desc2CERTIFICATION
IRS990/OtherExpensesGrp/Desc3CREDIT CARD FEES
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 410,796
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt212025
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY - RIGHT OF USE

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