PLASTICS INDUSTRY ASSOCIATION INC (EIN 131325282) - 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

1937

Legal Domicile

Principal Officer

MATTHEW SEAHOLM

Phone

2029745200

Tax Period

2023-01-01 to 2023-12-31

PLASTICS INDUSTRY ASSOCIATION INC, founded in 1937, is a mid-sized nonprofit that reported $11.6M in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $20.4M exceeded revenue, resulting in a 76% operating deficit.

Mission

TO PROTECT, PROMOTE, AND GROW THE PLASTICS INDUSTRY.

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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 $261,761

Program Service Revenue $10,346,476

Investment Income $779,482

Other Revenue $204,170

TOTAL REVENUE $11,591,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,716,062

Fundraising Expenses $0

Other Expenses $10,698,866

TOTAL EXPENSES $20,414,928

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,591,889	$33,723,844	-0.7%
Expenses	$20,414,928	$18,111,842	+0.1%
Net Income	$-8,823,039	$15,612,002	-1.6%

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

$831,987

Total Directors

Key Employees

$404,283

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAD A MCGWIRE	CHAIR	3.00	Officer Director	$0	$0	$0
JAMIE A CLARK	VICE CHAIR	3.00	Officer Director	$0	$0	$0
PHILLIP E WILSON	IMMEDIATE PAST CHAIR	3.00	Officer Director	$0	$0	$0
JON RATZLAFF	TREASURER	3.00	Officer Director	$0	$0	$0
STEVEN D LONDON	SECRETARY	3.00	Officer Director	$0	$0	$0
HOLLI ALEXANDER	OFFICER-AT-LARGE	3.00	Officer Director	$0	$0	$0
DANIEL F MOHS	OFFICER-AT-LARGE	3.00	Officer Director	$0	$0	$0
DALE BARTHOLOMEW	MEMBER	1.00	Director	$0	$0	$0
MELANIE BOWER	MEMBER	1.00	Director	$0	$0	$0
MICHAEL CIRONE	MEMBER	1.00	Director	$0	$0	$0
BRADLEY CROCKER	MEMBER	1.00	Director	$0	$0	$0
KEVIN CRONIN	MEMBER	1.00	Director	$0	$0	$0
TED FISHER	MEMBER	1.00	Director	$0	$0	$0
GLENN FROHRING	MEMBER	1.00	Director	$0	$0	$0
STAN GLOVER	MEMBER	1.00	Director	$0	$0	$0
SANDY GUTHRIE	MEMBER	1.00	Director	$0	$0	$0
BRIAN HANKIN	MEMBER	1.00	Director	$0	$0	$0
BENJAMIN HOFFMANN	MEMBER	1.00	Director	$0	$0	$0
FRANK KAVANAGH	MEMBER	1.00	Director	$0	$0	$0
GREGORY C LEIGHTON	MEMBER	1.00	Director	$0	$0	$0
FRANCIS LIESMAN	MEMBER	1.00	Director	$0	$0	$0
DANIEL MARTENS	MEMBER	1.00	Director	$0	$0	$0
STEPHEN MONTALTO	MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER PARRILLO	MEMBER	1.00	Director	$0	$0	$0
ANDREW RAML	MEMBER	1.00	Director	$0	$0	$0
ERIC ROEGNER	MEMBER	1.00	Director	$0	$0	$0
BEN SAWICKI	MEMBER	1.00	Director	$0	$0	$0
LEE SOBOCINSKI	MEMBER	1.00	Director	$0	$0	$0
MARK TEO	MEMBER	1.00	Director	$0	$0	$0
MATTHEW SEAHOLM	PRESIDENT & CEO	39.00	Officer	$480,990	$16,500	$497,490
WAYNE POPHAM	CFO	39.00	Officer	$318,762	$15,735	$334,497
ANDERSON GLENN	COO	40.00	Key Emp	$367,454	$36,829	$404,283
PINEDA PERCIVAL	CHIEF ECONOMIST	40.00	Highest	$252,541	$12,472	$265,013
POLIS STEPHANIE STRATEGOS	VICE PRESIDENT, COMMUNICATIONS	40.00	Highest	$232,973	$30,366	$263,339
HOOD-MORLEY ASHLEY	VICE PRESIDENT, INDUSTRY ENGAGEMENT	40.00	Highest	$230,770	$29,177	$259,947
KRIEGER PATRICK	VICE PRESIDENT, SUSTAINABILITY	40.00	Highest	$206,861	$10,391	$217,252
MILLER MARK R	DIRECTOR, MEMBER & SPONSORSHIP SALES	40.00	Highest	$191,825	$24,543	$216,368

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	$11,591,889	$20,414,928	$52,835,415	$-8,823,039
2022	$33,723,844	$18,111,842	$39,648,251	$15,612,002
2021	$12,261,158	$16,680,290	$19,265,703	$-4,419,132
2020	$9,329,607	$17,223,792	$22,589,046	$-7,894,185
2019	$11,264,566	$19,734,991	$18,449,773	$-8,470,425
2018	$16,674,908	$25,056,781	$17,728,305	$-8,381,873

PLASTICS INDUSTRY ASSOCIATION INC