AMERICAN FILTRATION AND SEPARATION… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

STEFAN BRADHAM

Phone

6152543687

Tax Period

2024-01-01 to 2024-12-31

AMERICAN FILTRATION AND SEPARATIONS SOCIETY INC, founded in 1987, is a small nonprofit in the Science & Technology sector that reported $411K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $475K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE AMERICAN FILTRATION AND SEPARATIONS SOCIETY IS AN EDUCATIONAL, NONPROFIT ORGANIZATION THAT PROVIDES A FORUM FOR NETWORKING AND THE EXCHANGE OF TECHNICAL KNOWLEDGE WITHIN ACADEMIA AND INDUSTRY IN ALL AREAS OF FILTRATION AND SEPARATION.

Program Service Accomplishments

Program 1

Expenses: $339,902

THE AMERICAN FILTRATION AND SEPARATIONS SOCIETY, INC. HAS PROMOTED KNOWLEDGE, UNDERSTANDING, AND GROWTH AMONG PROFESSIONALS WORKING IN THE FILTRATION AND PARTICLE SEPARATION SCIENCE

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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 (2024)

Revenue Breakdown

Contributions & Grants $173,784

Program Service Revenue $225,974

Investment Income $11,257

Other Revenue $0

TOTAL REVENUE $411,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $339,902

Other Expenses $475,292

TOTAL EXPENSES $475,292

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,015	$572,569	-0.3%
Expenses	$475,292	$535,589	-0.1%
Net Income	$-64,277	$36,980	-2.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUNKYOUNG SHIM	DIRECTOR	1.00	Director	$0	$0	$0
TODD FURBEE	DIRECTOR	1.00	Director	$0	$0	$0
ASHISH BANDEKAR	DIRECTOR	1.00	Director	$0	$0	$0
NEIL BURNS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LANE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SANDY	DIRECTOR	1.00	Director	$0	$0	$0
JOHNATHAN SCHUEMAKER	DIRECTOR	1.00	Director	$0	$0	$0
SEVERA GODWIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN WESTBROOK	DIRECTOR	1.00	Director	$0	$0	$0
LEONARD CASTELLANO	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
JIM WALKER	TREASURER	2.00	Officer Director	$0	$0	$0
JONATHAN RAJALA	CHAIR	2.00	Officer Director	$0	$0	$0
STEFAN BRADHAM	EXECUTIVE DIRECTOR	20.00	Officer Director	$0	$0	$0
SARAVANAN ANDAN	1ST VICE CHAIR	2.00	Officer Director	$0	$0	$0
WENDY BEACH	2ND VICE CHAIR	2.00	Officer 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	$411,015	$475,292	$610,838	$-64,277
2023	$572,569	$535,589	$696,001	$36,980
2022	$1,080,886	$998,532	$619,326	$82,354
2021	$269,146	$303,164	$1,005,157	$-34,018
2020	$209,328	$239,534	$957,069	$-30,206
2019	$278,479	$341,803	$899,633	$-63,324
2018	$487,189	$360,170	$546,650	$127,019

AMERICAN FILTRATION AND SEPARATIONS SOCIETY INC