SORPTIVE MINERALS INSTITUTE (EIN 237076764) - 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

1970

Legal Domicile

Principal Officer

BRYAN NICHOLSON

Phone

2022892760

Tax Period

2024-01-01 to 2024-12-31

SORPTIVE MINERALS INSTITUTE, founded in 1970, is a small nonprofit that reported $490K in total revenue in fiscal year 2024. Revenue surged 204% from the prior year, signaling strong growth momentum. Expenses of $698K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO PROMOTE THE SORPTIVE MINERALS INDUSTRY BY CONDUCTING STUDIES, PROGRAMS, AND PROJECTS TO IMPROVE THE USE AND MARKETING OF THE INDUSTRY'S PRODUCTS.

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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 $0

Program Service Revenue $489,623

Investment Income $0

Other Revenue $0

TOTAL REVENUE $489,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $605,029

Other Expenses $698,497

TOTAL EXPENSES $698,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$489,623	$161,092	+2.0%
Expenses	$698,497	$310,935	+1.2%
Net Income	$-208,874	$-149,843	+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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD BROWN	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL EKNOIAN	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
LAURISSA ELIASON	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
ANTHONY PARKER	DIRECTOR	1.00	Director	$0	$0	$0
JIM PAPP	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE GRAINGER	DIRECTOR	1.00	Director	$0	$0	$0
JASON LOVELL	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN NICHOLSON	EXECUTIVE DIRECTOR	10.00	Officer	$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	$489,623	$698,497	$230,400	$-208,874
2023	$161,092	$310,935	$101,286	$-149,843
2022	$125,988	$192,386	$117,818	$-66,398
2021	$174,168	$187,503	$202,197	$-13,335
2020	$204,114	$153,719	$183,081	$50,395
2019	$181,349	$189,578	$131,052	$-8,229
2018	$204,079	$176,106	$128,912	$27,973

SORPTIVE MINERALS INSTITUTE