THE SILVER INSTITUTE INC

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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

1971

Legal Domicile

Principal Officer

MICHAEL DIRIENZO

Phone

2028350185

Tax Period

2024-01-01 to 2024-12-31

THE SILVER INSTITUTE INC, founded in 1971, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $277K, a strong 16% operating margin.

Mission

THE SILVER INSTITUTE'S MISSION STATEMENT IS THAT OF PROMOTING THE WELFARE OF THE SILVER INDUSTRY BY INCREASING THE KNOWLEDGE OF AND DEMAND FOR SILVER PRODUCTS ACROSS ALL END USERS, AND TO ENCOURAGE THE DEVELOPMENT AND DEMAND AND USES FOR SILVER AND ITS PRODUCTS. THE SILVER INSTITUTE HAD 25 MEMBERS AS OF YEAR-END 2024.

Program Service Accomplishments

Program 1

THE SILVER INSTITUTE'S GENERAL PROGRAMS PROVIDE SEVERAL SERVICES BENEFITING THE GLOBAL SILVER INDUSTRY, INCLUDING INCREASING AWARENESS AND EDUCATION ABOUT SILVER THROUGH THE SILVER INSTITUTE'S...

THE SILVER INSTITUTE'S GENERAL PROGRAMS PROVIDE SEVERAL SERVICES BENEFITING THE GLOBAL SILVER INDUSTRY, INCLUDING INCREASING AWARENESS AND EDUCATION ABOUT SILVER THROUGH THE SILVER INSTITUTE'S WEBSITE, THE ISSUANCE OF PRESS RELEASES, MAINTAINING AN ACTIVE SOCIAL MEDIA PROGRAM, AND RELEASING A BIMONTHLY NEWSLETTER THAT HIGHLIGHTS TRENDS IN THE SILVER MARKETPLACE. WE ALSO PRODUCE A PODCAST, "TALKING SILVER, AND COORDINATE WEBINARS ON SUBJECTS IMPORTANT TO THE SILVER INDUSTRY THAT ARE PROMOTED GLOBALLY. WE RETAIN THE SERVICES OF A TECHNICAL DIRECTOR TO MONITOR AND REPORT ON GLOBAL TECHNICAL DEVELOPMENTS THAT AFFECT SILVER CONSUMPTION.

Program 2

THE SILVER INSTITUTE RELEASES THE ANNUAL WORLD SILVER SURVEY TO BRING TIMELY AND RELIABLE SILVER SUPPLY AND DEMAND INFORMATION TO OUR MEMBERS, MARKET PARTICIPANTS, ANALYSTS AND THE GENERAL PUBLIC...

THE SILVER INSTITUTE RELEASES THE ANNUAL WORLD SILVER SURVEY TO BRING TIMELY AND RELIABLE SILVER SUPPLY AND DEMAND INFORMATION TO OUR MEMBERS, MARKET PARTICIPANTS, ANALYSTS AND THE GENERAL PUBLIC. THE BREADTH OF THE SILVER INDUSTRY READS WORLD SILVER SURVEY, AND THE PUBLICATION REMAINS THE MOST WIDELY REFERENCED AND QUOTED ANNUAL REPORT ON THE SILVER MARKET.

Program 3

THE SILVER INSTITUTE HAS MARKET DEVELOPMENT PROGRAMS IN MEXICO, PERU, INDIA, AND CHINA. THE INSTITUTE PERIODICALLY ISSUES MARKET TREND REPORTS ON VARIOUS ASPECTS OF SILVER DEMAND. THESE ARE BRIEF...

THE SILVER INSTITUTE HAS MARKET DEVELOPMENT PROGRAMS IN MEXICO, PERU, INDIA, AND CHINA. THE INSTITUTE PERIODICALLY ISSUES MARKET TREND REPORTS ON VARIOUS ASPECTS OF SILVER DEMAND. THESE ARE BRIEF REPORTS ON DIFFERENT TOPICS RELATED TO THE SILVER MARKET AND AUTHORED BY EXPERTS IN THEIR RESPECTIVE FIELDS. ADDITIONALLY, THE INSTITUTE'S EXECUTIVE DIRECTOR OFTEN ATTENDS AND SPEAKS AT GLOBAL PRECIOUS METALS CONFERENCES AND APPEARS IN THE MEDIA DISCUSSING THE MAIN COMPONENTS OF THE SILVER MARKET.

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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 $248,700

Program Service Revenue $1,456,003

Investment Income $6,611

Other Revenue $0

TOTAL REVENUE $1,711,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,434,722

TOTAL EXPENSES $1,434,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,711,314	$1,444,778	+0.2%
Expenses	$1,434,722	$1,226,731	+0.2%
Net Income	$276,592	$218,047	+0.3%

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
MICHAEL DIRIENZO	PRESIDENT/CEO	30.00	Officer Director	$0	$0	$0
OCTAVIO ALVIDREZ ORTEGA	DIRECTOR(THRU MAY); CHAIR	0.25	Officer Director	$0	$0	$0
PHILLIPS BAKER JR	CHAIR(THRU MAY);DIRECTOR	0.25	Officer Director	$0	$0	$0
CARLOS QUIROGA	TREASURER	0.25	Officer Director	$0	$0	$0
DALE ANDRES	DIRECTOR	0.25	Director	$0	$0	$0
SAM ASH	DIRECTOR	0.25	Director	$0	$0	$0
PHILLIPS BAKER	DIRECTOR	0.25	Director	$0	$0	$0
DIEGO BELIDO	DIRECTOR	0.25	Director	$0	$0	$0
IGNACIO BUSTAMANTE	DIRECTOR	0.25	Director	$0	$0	$0
PATRICK DROUIN	DIRECTOR	0.25	Director	$0	$0	$0
CHRIS FERGUS	DIRECTOR	0.25	Director	$0	$0	$0
GREGOR GREGERSON	DIRECTOR	0.25	Director	$0	$0	$0
TERRY HANLON	DIRECTOR	0.25	Director	$0	$0	$0
PAUL HEALEY	DIRECTOR	0.25	Director	$0	$0	$0
PAUL KAULESAR	DIRECTOR (THRU JAN)	0.25	Director	$0	$0	$0
MICHAEL KONNERT	DIRECTOR	0.25	Director	$0	$0	$0
HITOSHI KOSAI	DIRECTOR	0.25	Director	$0	$0	$0
ROB KRCMAROV	DIRECTOR	0.25	Director	$0	$0	$0
MITCHELL KREBS	DIRECTOR	0.25	Director	$0	$0	$0
EDUARDO LANDIN	DIRECTOR (THRU JAN)	0.25	Director	$0	$0	$0
DAVID MADGE	DIRECTOR	0.25	Director	$0	$0	$0
JEFFREY MELODY	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL MESARIC	DIRECTOR	0.25	Director	$0	$0	$0
ALBERTO MORALES	DIRECTOR	0.25	Director	$0	$0	$0
GEORGE PASPALAS	DIRECTOR	0.25	Director	$0	$0	$0
TOM POWER	DIRECTOR	0.25	Director	$0	$0	$0
RAFAEL REBOLLAR	DIRECTOR	0.25	Director	$0	$0	$0
ALEX REPLOA	DIRECTOR	0.25	Director	$0	$0	$0
LON SHAVER	DIRECTOR	0.25	Director	$0	$0	$0
JANIE SIMPSON	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL STEINMANN	DIRECTOR	0.25	Director	$0	$0	$0
BEN VAN KERKWIJK	DIRECTOR (THRU MAY)	0.25	Director	$0	$0	$0
DAVID WOLFIN	DIRECTOR	0.25	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	$1,711,314	$1,434,722	$791,953	$276,592
2023	$1,444,778	$1,226,731	$515,361	$218,047
2022	$1,270,066	$1,231,875	$297,313	$38,191
2021	$1,368,292	$1,438,448	$259,122	$-70,156
2020	$1,604,300	$1,561,981	$329,278	$42,319
2019	$1,956,741	$1,812,299	$286,959	$144,442
2018	$1,499,106	$1,597,122	$142,517	$-98,016