THE ASME FOUNDATION INC

EIN: 133372934 501(c)(3) Science & Technology

NEW YORK, NY

Total Revenue
$4,680,772
Total Expenses
$3,882,309
Total Assets
$35,928,467
Net Assets
$32,759,290
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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
1986
Legal Domicile
NY
Principal Officer
STEPHANIE VIOLA
Phone
2125917000
Tax Period
2022-07-01 to 2023-06-30

THE ASME FOUNDATION INC, founded in 1986, is a community nonprofit in the Science & Technology sector that reported $4.7M in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $798K, a strong 17% operating margin.

Mission

THE ASME FOUNDATION, INC. FUNDS AND DEVELOPS PROGRAMS THAT SUPPORT, CREATE, (CONTINUED ON SCH. O) THE ASME FOUNDATION, INC. FUNDS AND DEVELOPS PROGRAMS THAT SUPPORT, CREATE, AND ADVANCE THE FIELD OF ENGINEERING.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,655,294
Program Service Revenue $0
Investment Income $966,303
Other Revenue $59,175
TOTAL REVENUE $4,680,772

Expense Breakdown

Grants Paid $2,295,326
Salaries & Benefits $1,331,291
Fundraising Expenses $0
Program Expenses $3,771,802
Other Expenses $255,692
TOTAL EXPENSES $3,882,309

Year-over-Year Comparison

2022 2021 Change
Revenue $4,680,772 $6,696,684 -0.3%
Expenses $3,882,309 $2,717,248 +0.4%
Net Income $798,463 $3,979,436 -0.8%
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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Governance

Voting Members
5
Independent Members
2
Employees
N/A
Volunteers
75

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
3
$765,555
Total Directors
6
$1,819,827
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS COSTABILE DIRECTOR,EX-OFFICIO 2.50
Director
$0 $119,958 $1,179,732
KATHLEEN LOBB FORMER EXEC. DIRECTOR 0.00
$0 $29,874 $437,307
ANAND SETHUPATHY FORMER INTERIM EXEC. DIRECTOR 0.00
$0 $34,743 $404,541
THOMAS J MEEHAN TREASURER 2.50
Officer Director
$0 $37,552 $384,145
STEPHANIE VIOLA EXECUTIVE DIRECTOR 2.50
Officer Director
$0 $52,488 $255,950
GRETCHEN CRUTCHFIELD SECRETARY 2.50
Officer
$0 $18,135 $125,460
OSCAR BARTON CHAIR 2.00
Director
$0 $0 $0
SONYA SMITH DIRECTOR 2.00
Director
$0 $0 $0
FRANK ADAMEK PAST CHAIR 2.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $4,680,772 $3,882,309 $35,928,467 $798,463
2022 $6,696,684 $2,717,248 $32,698,395 $3,979,436
2021 $3,028,197 $2,092,793 $33,818,246 $935,404
2020 $1,897,480 $1,596,002 $26,496,154 $301,478
2019 $3,044,921 $2,654,667 $26,225,168 $390,254
2018 $5,441,199 $2,607,474 $25,335,656 $2,833,725
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