INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATION INC

EIN: 060952238 501(c)(3)

PENSACOLA, FL

Total Revenue
$826,051
Total Expenses
$686,735
Total Assets
$1,335,760
Net Assets
$1,334,531
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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
1976
Legal Domicile
CT
Principal Officer
LAURENCE DRUMMOND
Phone
8504761156
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL PRECIOUS METALS EDUCATIONAL & SCIENTIFIC FOUNDATION INC, founded in 1976, is a small nonprofit that reported $826K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $139K, a strong 17% operating margin.

Mission

EDUCATE MEMBERS AND GENERAL PUBLIC ON ISSUES CONCERNING PRECIOUS METALS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $142,198
Program Service Revenue $644,992
Investment Income $27,825
Other Revenue $11,036
TOTAL REVENUE $826,051

Expense Breakdown

Grants Paid $97,522
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $539,473
Other Expenses $589,213
TOTAL EXPENSES $686,735

Year-over-Year Comparison

2023 2022 Change
Revenue $826,051 $702,983 +0.2%
Expenses $686,735 $588,063 +0.2%
Net Income $139,316 $114,920 +0.2%
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

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Governance

Voting Members
13
Independent Members
12
Employees
N/A
Volunteers
N/A

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
7
$188,750
Total Directors
13
$188,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ZACHARY HENNEMAN PRESIDENT (AS OF JUNE 2023) 1.00
Officer Director
$0 $0 $0
DAVID DEUEL TREASURER 1.00
Officer Director
$0 $0 $0
REGINE ALBRECHT BOARD MEMBER 1.00
Director
$0 $0 $0
CORBY ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
RON DAVIES BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT IANNIELLO BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN JODRY BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT SCHWARTZ COMPLIANCE OFFICER 1.00
Officer Director
$0 $0 $0
SIMON CODRINGTON SECRETARY 1.00
Officer Director
$0 $0 $0
JONATHAN BUTLER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK CAFFAREY VICE PRESIDENT (UNTIL JUNE 2023) 1.00
Officer Director
$0 $0 $0
LAURENCE DRUMMOND EXECUTIVE DIRECTOR 2.00
Officer Director
$0 $0 $188,750
JOHN DOUREKAS MARKETING OFFICER 1.00
Director
$0 $0 $0
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 $826,051 $686,735 $1,335,760 $139,316
2022 $702,983 $588,063 $1,134,723 $114,920
2021 $589,640 $509,000 $1,141,905 $80,640
2020 $57,918 $141,268 $1,050,074 $-83,350
2018 $1,351,339 $1,556,210 $1,825,676 $-204,871
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