SPRING MANUFACTURERS INSTITUTE INC (EIN 060607885) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

DON JACOBSON

Phone

8474506848

Tax Period

2023-01-01 to 2023-12-31

SPRING MANUFACTURERS INSTITUTE INC, founded in 1979, is a small nonprofit that reported $655K in total revenue in fiscal year 2018. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $755K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE MAJOR ACTIVITIES FOR SMI ARE: ANNUAL MEETING, SPRING DESIGN SOFTWARE, BENCHMARKING ACTIVITIES AND REGIONAL SEMINARS.

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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 $15,750

Program Service Revenue $591,790

Investment Income $149

Other Revenue $38,727

TOTAL REVENUE $646,416

Expense Breakdown

Grants Paid $23,000

Salaries & Benefits $199,643

Fundraising Expenses $0

Other Expenses $404,806

TOTAL EXPENSES $627,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$646,416	$651,525	0.0%
Expenses	$627,449	$728,538	-0.1%
Net Income	$18,967	$-77,013	-1.2%

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

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

$235,725

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENE HUBER JR	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DON JACOBSON III	PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVID DEVOE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVE DEERWESTER	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
JOE DEVANY	BOARD OF DIRECTOR	0.20	Officer Director	$0	$0	$0
TIM ZWIT	BOARD OF DIRECTOR	0.20	Director	$0	$0	$0
TONY PESARESI	BOARD OF DIRECTOR	0.20	Director	$0	$0	$0
ALEX MELNIKOW	BOARD OF DIRECTOR	0.20	Director	$0	$0	$0
DON LYONS	BOARD OF DIRECTOR	0.20	Director	$0	$0	$0
KEITH PORTER JR	BOARD OF DIRECTOR	0.20	Director	$0	$0	$0
LINDA FROEHLICH	BOARD OF DIRECTOR	0.20	Director	$0	$0	$0
ADAM JACOBSON	BOARD OF DIRECTOR	0.20	Director	$0	$0	$0
MARKUS ARNOLD	BOARD OF DIRECTOR	0.20	Director	$0	$0	$0
LYNNE CARR	EXECUTIVE DIRECTOR	28.00	Officer	$60,687	$1,073	$86,548
GARY MCCOY	EXECUTIVE DIRECTOR	28.00	Officer	$88,750	$24,177	$149,177

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	$646,416	$627,449	$-372,200	$18,967
2022	$651,525	$728,538	$28,491	$-77,013
2021	$486,462	$507,873	$446,690	$-21,411
2020	$638,862	$559,413	$671,426	$79,449
2019	$1,204,427	$1,254,641	$792,796	$-50,214
2019	$1,316,812	$1,403,588	$762,679	$-86,776
2018	$655,281	$754,968	$1,023,544	$-99,687

SPRING MANUFACTURERS INSTITUTE INC