FRICTION MATERIALS STANDARDS INSTITUTE (EIN 131606491) - 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

1948

Legal Domicile

Principal Officer

FRANK OLIVETO

Phone

2032458425

Tax Period

2023-01-01 to 2023-12-31

FRICTION MATERIALS STANDARDS INSTITUTE, founded in 1948, is a small nonprofit in the Science & Technology sector that reported $618K in total revenue in fiscal year 2023. Expenses of $705K exceeded revenue, resulting in a 14% operating deficit.

Mission

COLLECT, CHARACTERIZE, AND COMMUNICATE TO FMSI MEMBERS THE VEHICLE MANUFACTURER OE SERVICE PRODUCT AND INCLUDE THIS IN THE FMSI'S STANDARDIZED PART NUMBERING SYSTEM.

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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 $566,313

Program Service Revenue $0

Investment Income $32,349

Other Revenue $19,705

TOTAL REVENUE $618,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,306

Fundraising Expenses $0

Program Expenses $329,361

Other Expenses $518,737

TOTAL EXPENSES $705,043

Year-over-Year Comparison

	2023	2022	Change
Revenue	$618,367	$575,953	+0.1%
Expenses	$705,043	$637,598	+0.1%
Net Income	$-86,676	$-61,645	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
GREG VYLETEL	DIRECTOR	Director	$0	$0	$0
FRANK OLIVETO	DIRECTOR/PRESIDENT	Officer Director	$0	$0	$0
MARK PHIPPS	DIRECTOR/CHAIRMAN	Officer Director	$0	$0	$0
WILLIAM CARNEY	DIRECTOR/TREASURER	Officer Director	$0	$0	$0
SKIP CARROLL	DIRECTOR/VICE CHAIRMAN	Officer Director	$0	$0	$0
KELISSON DE AZEVEDO	DIRECTOR/SECOND VICE CHAIRMAN	Officer Director	$0	$0	$0
STEVE BIRD	SECRETARY	Officer Director	$0	$0	$0
JASON LANG	DIRECTOR	Director	$0	$0	$0
ENRIQUE OROZCO	DIRECTOR	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	$618,367	$705,043	$946,936	$-86,676
2022	$575,953	$637,598	$1,084,032	$-61,645
2021	$521,842	$597,767	$1,034,616	$-75,925
2020	$658,515	$501,146	$1,110,032	$157,369
2019	$508,598	$513,474	$919,986	$-4,876
2018	$498,779	$547,774	$904,319	$-48,995

FRICTION MATERIALS STANDARDS INSTITUTE