MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INTERNATIONAL MAGNESIUM ASSOCIATION, founded in 1985, is a small nonprofit that reported $655K in total revenue in fiscal year 2024. Expenses of $595K left a modest 9% surplus.
THE PURPOSE OF THIS ASSOCIATION IS TO PROMOTE THE GENERAL WELFARE OF THE MAGNESIUM INDUSTRY, OF THE MEMBERS OF THE ASSOCIATION, AND ALL OTHERS AFFECTED THEREBY, TO DEVELOP AND INCREASE THE USE AND ACCEPTANCE OF MAGNESIUM AND ITS ALLOYS, AND TO ENGAGE IN SUCH OTHER AND FURTHER ENDEAVORS AS SHALL INCREASE THE USEFULNESS OF THE INDUSTRY TO THE GENERAL PUBLIC, AND TO DO ALL THINGS NECESSARY THEREFOR.
THE ANNUAL WORLD CONFERENCE TOOK PLACE IN MAY 2024. THE IN-PERSON CONFERENCE PROVIDED EDUCATIONAL CONTENT WITH PANEL AND TECHNICAL SESSIONS. THERE WAS ALSO AN EXHIBIT HALL FOR ATTENDEES TO MEET WITH...
THE ANNUAL WORLD CONFERENCE TOOK PLACE IN MAY 2024. THE IN-PERSON CONFERENCE PROVIDED EDUCATIONAL CONTENT WITH PANEL AND TECHNICAL SESSIONS. THERE WAS ALSO AN EXHIBIT HALL FOR ATTENDEES TO MEET WITH SPONSORS AND EXHIBITORS. THERE WERE ABOUT 200 ATTENDEES OVER THE COURSE OF THE THREE DAY EVENT.
OVERSEAS REPRESENTATION - THE ORGANIZATION HAS ARRANGEMENTS FOR A LOCAL REPRESENTATIVE IN EUROPE, ASIA, AND INDIA TO ANSWER MEMBER QUESTIONS, AND TO ATTEND MEETINGS ON THE ORGANIZATION'S BEHALF
THE COMMUNICATIONS AND PROFESSIONAL DEVELOPMENT PROGRAM INCLUDES THE MARKETING AND STUDIES THAT ADDRESS MAGNESIUM, ITS ACCURATE MATERIAL CLASSIFICATION AND USE, AND THAT ENCOURAGE ITS SELECTION IN...
THE COMMUNICATIONS AND PROFESSIONAL DEVELOPMENT PROGRAM INCLUDES THE MARKETING AND STUDIES THAT ADDRESS MAGNESIUM, ITS ACCURATE MATERIAL CLASSIFICATION AND USE, AND THAT ENCOURAGE ITS SELECTION IN APPLICATIONS. SPECIALIZED WEBINARS ARE ALSO CREATED TO EDUCATE ON VARIOUS MAGNESIUM TOPICS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $655,206 | $621,899 | +0.1% |
| Expenses | $594,536 | $472,340 | +0.3% |
| Net Income | $60,670 | $149,559 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HARTMUT FISCHER | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAN GUY | VICE PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| NIC ANDREWS | SECRETARY/TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| TODD OLSON | AT-LARGE | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICK MCQUEARY | EX-OFFICIO/PAST PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELMAR BEEH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GIUSEPPE FILOMENA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FERNANDO FRANCA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BIN JIANG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL JUST | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DIETMAR LETZIG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALAN LUO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER RAUCH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALEXANDER RHOMBERG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JON WEILER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KAZUMASA YAMAZAKI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW SPEAR | EXECUTIVE VICE PRESIDENT | 20.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $655,206 | $594,536 | $819,022 | $60,670 |
| 2023 | $621,899 | $472,340 | $632,477 | $149,559 |
| 2022 | $504,366 | $525,503 | $440,630 | $-21,137 |
| 2021 | $243,975 | $228,943 | $421,238 | $15,032 |
| 2020 | $287,868 | $301,846 | $366,117 | $-13,978 |
| 2019 | $490,224 | $537,351 | $421,282 | $-47,127 |
| 2018 | $534,827 | $565,528 | $533,846 | $-30,701 |
Compare INTERNATIONAL MAGNESIUM ASSOCIATION with other nonprofits in Minnesota and across the country.