Manufacturers Standardization Society of the Valve and Fittings Industry In c

EIN: 131007610

Alexandria, VA

Total Revenue
$1,030,158
Total Expenses
$912,920
Total Assets
$3,208,218
Net Assets
$3,111,490
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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
VA
Phone
7032816613
Tax Period
2024-01-01 to 2024-12-31

MANUFACTURERS STANDARDIZATION SOCIETY OF THE VALVE AND FITTINGS INDUSTRY INC, founded in 1976, is a small nonprofit that reported $739K in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $683K left a modest 8% surplus.

Mission

DEVELOP AND DISTRIBUTE TECHNICAL STANDARDS FOR THE VALVE & FITTING INDUSTRY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $292,290
Investment Income $197,996
Other Revenue $539,872
TOTAL REVENUE $1,030,158

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $265,321
Fundraising Expenses $0
Program Expenses $0
Other Expenses $637,599
TOTAL EXPENSES $912,920

Year-over-Year Comparison

2024 2023 Change
Revenue $1,030,158 $1,321,680 -0.2%
Expenses $912,920 $1,010,216 -0.1%
Net Income $117,238 $311,464 -0.6%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
3
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
5
$136,500
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Bayreuther President 2.0
Officer Director
$0 $0 $0
David Swartzentruber 2nd Vice President 2.0
Officer Director
$0 $0 $0
Kenneth Reid Treasurer 2.0
Officer Director
$0 $0 $0
Paul Heald 1st Vice President 2.0
Officer Director
$0 $0 $0
Carlos Davila Member at Large 1.0
Director
$0 $0 $0
Daniel Angulo Member at Large 1.0
Director
$0 $0 $0
David Woollums Member at Large 1.0
Director
$0 $0 $0
Greg Johnson Member at Large 1.0
Director
$0 $0 $0
Randy Looney Member at Large 1.0
Director
$0 $0 $0
Vahe Najarian Member at Large 1.0
Director
$0 $0 $0
Lorna Soderberg Executive Director 40.0
Officer
$130,000 $6,500 $136,500
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 $1,030,158 $912,920 $3,208,218 $117,238
2023 $1,321,680 $1,010,216 $3,074,714 $311,464
2022 $649,522 $854,488 $2,475,614 $-204,966
2021 $935,103 $599,412 $2,991,924 $335,691
2020 $776,693 $629,452 $2,701,976 $147,241
2019 $831,083 $705,187 $2,291,135 $125,896
2018 $739,243 $683,460 $1,970,220 $55,783
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