CORDAGE INSTITUTE

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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

1920

Legal Domicile

Principal Officer

PETER LANCE

Phone

6109714854

Tax Period

2024-07-01 to 2025-06-30

CORDAGE INSTITUTE, founded in 1920, is a small nonprofit that reported $362K in total revenue in fiscal year 2024. The organization ran a surplus of $59K, a strong 16% operating margin.

Mission

THE CORDAGE INSTITUTE IS AN INTERNATIONAL ASSOCIATION OF ROPE, TWINE, AD RELATED MANUFACTURERS, THEIR SUPPLIERS, AND AFFILIATED INDUSTRIES TO CREATE VALUE FOR ITS MEMBERS BY EDUCATING PRODUCT USERS, THE STANDARDS WRITING COMMUNITY, GOVERNMENT AGENCIES, AND OTHER ENTITIES.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

MANAGEMENT OF A TRADE ORGANIZATION.THE INSTITUTE HAS AN ACTIVE TECHNICAL COMMITTEE, WHICH IS FOCUSED ON THE ONGOING DEVELOPMENT OF OVER 50 INTERNATIONAL STANDARDS, GUIDELINES, TEST METHODS, AND OTHER...

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,000

Program Service Revenue $348,827

Investment Income $9,623

Other Revenue $0

TOTAL REVENUE $362,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $303,539

TOTAL EXPENSES $303,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$362,450	$381,124	0.0%
Expenses	$303,539	$339,215	-0.1%
Net Income	$58,911	$41,909	+0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER LANCE	EXECUTIVE DIRECTOR/SECRETA	20.00	Officer	$0	$0	$0
ELIZABETH HUNTLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
FRAN HOFFMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARCO BAMBACH	DIRECTOR	1.00	Director	$0	$0	$0
KOEN VAN GOETHEM	DIRECTOR	1.00	Director	$0	$0	$0
STUART JANKE	DIRECTOR	1.00	Director	$0	$0	$0
AMY JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
ROB LUDWIG	DIRECTOR	1.00	Director	$0	$0	$0
BILL PUTNAM	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN RHEAULT	DIRECTOR	1.00	Director	$0	$0	$0
MARK SWIACKEY	DIRECTOR	1.00	Director	$0	$0	$0
BILL SHAKESPEARE	DIRECTOR; RESIGNED OCT 2024	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
2025	$362,450	$303,539	$293,653	$58,911
2024	$381,124	$339,215	$311,365	$41,909
2023	$315,469	$295,074	$167,978	$20,395
2022	$282,382	$267,801	$180,762	$14,581
2021	$209,868	$184,834	$157,095	$25,034
2020	$215,651	$201,406	$141,951	$14,245
2019	$272,924	$256,318	$171,943	$16,606