SOCIETY OF PLASTICS ENGINEERS 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

1942

Legal Domicile

Principal Officer

PATRICK FARREY

Phone

2037405400

Tax Period

2023-01-01 to 2023-12-31

SOCIETY OF PLASTICS ENGINEERS INC, founded in 1942, is a community nonprofit in the Science & Technology sector that reported $3.5M in total revenue in fiscal year 2023. Expenses of $3.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE SOCIETY OF PLASTICS ENGINEERS (SPE) SUPPORTS PEOPLE AND COMPANIES IN THE PLASTICS INDUSTRY, BY PRODUCING PROGRAMS WHICH FACILITATE THE SHARING OF KNOWLEDGE, THE STRENGTHENING OF SKILLS AND THE PROMOTION OF THE PLASTICS INDUSTRY WORLDWIDE. SPE SERVES PLASTICS PROFESSIONALS FROM EVERY SEGMENT OF THE INDUSTRY, INCLUDING ENGINEERS, SCIENTISTS, TECHNICIANS, SALESPEOPLE, MARKETERS, RETAILERS AND REPRESENTATIVES FROM ALL PLASTICS-PRODUCING AND PLASTICS-USING INDUSTRIES. THESE STAKEHOLDERS USE SPE AS A FORUM TO DISCUSS CRITICAL ISSUES AND SHARE TECHNICAL ADVANCEMENTS FOR THE BETTERMENT OF THE INDUSTRY AND OF SOCIETY AS A WHOLE.

Program Service Accomplishments

Program 1

Expenses: $3,070,175 Revenue: $2,364,769

THE ORGANIZATION PROVIDES THE FOLLOWING SERVICES, AVAILABLE BOTH TO MEMBER AND NON-MEMBER PLASTICS PROFESSIONALS: THE JOURNAL OF POLYMER ENGINEERING & SCIENCE; THE JOURNAL OF POLYMER COMPOSITES; THE JOURNAL OF VINYL & ADDITIVE TECHNOLOGY; THE JOURNAL OF SPE POLYMERS; PLASTICS ENGINEERING MAGAZINE; MORE THAN A DOZEN WORLDWIDE TECHNICAL CONFERENCES; ANNUAL TECHNICAL CONFERENCE (ANTEC - ATTENDED BY APPROXIMATELY 1,000); RESEARCH INCLUDING VARIOUS MEMBER SURVEYS; THE SPE ONLINE TECHNICAL LIBRARY (MORE THAN 14,000 PAPERS); SPE COMMUNITIES (ONLINE OPEN FORUM); PLASTICS INSIGHT NEWSLETTER; SCHOLARSHIPS AND GRANTS THROUGH THE SPE FOUNDATION.

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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 $1,136,612

Program Service Revenue $2,364,769

Investment Income $4,292

Other Revenue $0

TOTAL REVENUE $3,505,673

Expense Breakdown

Grants Paid $322,444

Salaries & Benefits $2,004,594

Fundraising Expenses $69,683

Program Expenses $3,070,175

Other Expenses $1,614,178

TOTAL EXPENSES $3,941,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,505,673	$3,614,660	0.0%
Expenses	$3,941,216	$3,761,483	+0.0%
Net Income	$-435,543	$-146,823	+2.0%

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

916

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

$361,003

Total Directors

Key Employees

$182,539

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY DWORSHAK	DIRECTOR	2.00	Director	$0	$0	$0
LYNZIE NEBEL	SECRETARY	2.00	Officer Director	$0	$0	$0
JASON LYONS	PAST PRESIDENT	2.00	Director	$0	$0	$0
MARGARET SOBKOWICZ	DIRECTOR	2.00	Director	$0	$0	$0
JAMES WADDELL	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT EASTMAN	DIRECTOR	2.00	Director	$0	$0	$0
TODD BIER	DIRECTOR	2.00	Director	$0	$0	$0
PRAVEEN BOOPALACHANDRAN	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE MULHOLLAND	PRESIDENT	2.00	Officer Director	$0	$0	$0
CONOR CARLIN	PRESIDENT-ELECT	2.00	Director	$0	$0	$0
DIANE MARRET	DIRECTOR	2.00	Director	$0	$0	$0
GUSTAVO NECHAR	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN LEE	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK FARREY	CHIEF EXECUTIVE OFFICER	50.00	Officer	$353,878	$7,125	$361,003
EVE VITALE	FOUNDATION DIRECTOR	40.00	Key Emp	$180,404	$2,135	$182,539

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	No data	No data	No data	No data
2023	$3,505,673	$3,941,216	$7,404,476	$-435,543
2022	$3,614,660	$3,761,483	$6,755,198	$-146,823
2021	$3,851,885	$3,043,716	$7,877,326	$808,169
2020	$3,019,995	$2,729,576	$7,347,666	$290,419
2019	$3,921,367	$3,637,595	$6,889,783	$283,772
2018	$4,005,544	$3,726,446	$5,956,675	$279,098