Essential Minerals Association Inc

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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

2002

Legal Domicile

Principal Officer

Chris Greissing

Phone

5715274655

Tax Period

2023-01-01 to 2023-12-31

Essential Minerals Association Inc, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

To expand opportunities for essential minerals and their end-use products. We do this through advocacy, education, research, and partnerships.

Program Service Accomplishments

Program 1

The Association's meetings are held twice a year, and meetings of the committees and task forces occur throughout the year on an as-needed basis. Through its committee structure, the Association...

The Association's meetings are held twice a year, and meetings of the committees and task forces occur throughout the year on an as-needed basis. Through its committee structure, the Association addresses such issues as safety and health, governmental affairs, the environment, industry operations, engineering and technology, research, and transportation.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,506,816

Investment Income $197

Other Revenue $0

TOTAL REVENUE $1,507,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $965,630

Fundraising Expenses $0

Other Expenses $792,584

TOTAL EXPENSES $1,758,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,507,013	$1,348,135	+0.1%
Expenses	$1,758,214	$1,692,674	+0.0%
Net Income	$-251,201	$-344,539	-0.3%

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

Volunteers

100

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

$539,997

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jon Schnieders	Chairman, Sodia Ash Vice Chairman	2.00	Officer Director	$0	$0	$0
Brian Kebart	Vice Chairman	2.00	Officer Director	$0	$0	$0
Amanda Glaser Secretary	Treasurer,Clay Section Vice Chairman/BGEM Chair	2.00	Officer Director	$0	$0	$0
Jamey Tippetts	Immediate Past Chairman	2.00	Director	$0	$0	$0
John Saucier	Associate Members Section Chairman	2.00	Director	$0	$0	$0
Chris Meadows Associate	Members Section Vice Chairman	2.00	Director	$0	$0	$0
Cheryl Ward	Clay Section Chairman	2.00	Director	$0	$0	$0
Ariel Hill-Davis BGEM	Section Vice Chairman	2.00	Director	$0	$0	$0
Alan Snyder	Bentonite/Barite Section Chairman	2.00	Director	$0	$0	$0
Joseph Sylvester Bentonite	Barite Section Vice Chairman	2.00	Director	$0	$0	$0
Jim Wright	Calcium Carbonate Section Chairman	2.00	Director	$0	$0	$0
Mike Hohn Calcium Carbonate	Section Vice Chairman	2.00	Director	$0	$0	$0
Matthew Centa	Diatomite Section Chairman	2.00	Director	$0	$0	$0
Derek Cusack	Diatomite Section Vice Chairman	2.00	Director	$0	$0	$0
Marcie Peters	Salt Section Chairman	2.00	Director	$0	$0	$0
Lily Zamora	Salt Section Vice Chairman	2.00	Director	$0	$0	$0
John Mulhall	Soda Ash Section Chairman	2.00	Director	$0	$0	$0
Matthew Stewart	Talc/Wollastonite Section Chairman	2.00	Director	$0	$0	$0
Julie Pier	Talc/Wollastonite Section Vice Chairman	2.00	Director	$0	$0	$0
Christopher Greissing	President	34.32	Officer	$223,051	$52,660	$312,609
Wayne Palmer	Executive Vice President	38.66	Officer	$205,217	$15,048	$227,388
John Cowie Senior Director	Technical & Scientific Affairs	38.99	Highest	$123,835	$8,924	$135,974
Matt Dermody Senior Director	Federal Government Affairs	39.87	Highest	$116,270	$20,508	$137,158

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	No data	No data	No data	No data
2023	$1,507,013	$1,758,214	$670,012	$-251,201
2022	$1,348,135	$1,692,674	$979,455	$-344,539
2021	$1,142,484	$1,374,389	$1,175,829	$-231,905
2020	$1,045,772	$1,350,602	$1,086,228	$-304,830
2019	$1,202,814	$1,585,324	$1,227,552	$-382,510
2018	$1,372,708	$1,335,125	$1,639,777	$37,583