SOCIETY OF PLASTICS ENGINEERS INC AUTOMOTIVE DIVISION

EIN: 237163348 501(c)(3)

Troy, MI

Total Revenue
$710,950
Total Expenses
$786,682
Total Assets
$156,599
Net Assets
$156,599
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
MI
Principal Officer
Jitesh Desai
Phone
2482448993
Tax Period
2025-01-01 to 2025-12-31

SOCIETY OF PLASTICS ENGINEERS INC AUTOMOTIVE DIVISION, founded in 1942, is a small nonprofit that reported $711K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $787K exceeded revenue, resulting in a 11% operating deficit.

Mission

Advances automotive plastics technology worldwide by recognizing automotive industry innovations and encouraging education and research. Provides technical training for industry applications and distributes educational information to members.

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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 (2025)

Revenue Breakdown

Contributions & Grants $16,875
Program Service Revenue $664,772
Investment Income $4,553
Other Revenue $24,750
TOTAL REVENUE $710,950

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $17,843
Program Expenses $731,653
Other Expenses $786,682
TOTAL EXPENSES $786,682

Year-over-Year Comparison

2025 2024 Change
Revenue $710,950 $624,780 +0.1%
Expenses $786,682 $749,032 +0.1%
Net Income $-75,732 $-124,252 -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

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Liquidity & Cash Position

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Governance

Voting Members
35
Independent Members
10
Employees
N/A
Volunteers
38

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
10
$0
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Drew Geda Director 2025 1
Director
$0 $0 $0
Mark Lapain Director 2025 1
Director
$0 $0 $0
Jeremy Lee Director 2025 1
Director
$0 $0 $0
Jeff Mayville Director 2025 1
Director
$0 $0 $0
Dhanendra Nagwanshi Director 2025 2
Director
$0 $0 $0
Keith Siopes Director 2025 1
Director
$0 $0 $0
Dave Helmer Director 2025 1
Director
$0 $0 $0
Suzanne Cole Director 2025 1
Director
$0 $0 $0
Dr Arash Kiani Director 2025 1
Director
$0 $0 $0
Dean Stevenson Director 2025 1
Director
$0 $0 $0
Richard Umemoto Director 2025 2
Director
$0 $0 $0
Dr Umesh Gandhi Director 2026 1
Director
$0 $0 $0
Chuck Jarrett Director 2026 2
Director
$0 $0 $0
Dr Rodrigo Orozco Director 2026 1
Director
$0 $0 $0
Rob Philp Director 2026 1.00
Director
$0 $0 $0
Brian Grosser Director 2026 1
Director
$0 $0 $0
Dr Alper Kiziltas Director 2026 1
Director
$0 $0 $0
Neil Fuenmayor Director 2027 2.00
Director
$0 $0 $0
Dr Leonardo Simon Director 2027 4.00
Director
$0 $0 $0
Albert Chen Director 2027 1
Director
$0 $0 $0
Dr Soydan Ozcan Director 2027 1
Director
$0 $0 $0
Steven Van Loozen Director 2027 1
Director
$0 $0 $0
Samantha Cronin Director 2027 1
Director
$0 $0 $0
Karen Guzman Director 2027 1
Director
$0 $0 $0
Sze-Sze Ng Director 2027 1
Director
$0 $0 $0
Dr David Jack ACCE Co-Chair 3
Director
$0 $0 $0
Mike Siwajek ACCE Co-Chair 3
Director
$0 $0 $0
Samar Teli Membership Chair 2
Director
$0 $0 $0
Dr Suresh Shah Director Emeritus 3
Officer Director
$0 $0 $0
Tom Pickett Secretary 3.00
Officer Director
$0 $0 $0
Dr Allan Murray Director Emeritus 1
Officer
$0 $0 $0
David Reed Director Emeritus 1
Officer
$0 $0 $0
Fred Deans Director Emeritus 2.00
Officer
$0 $0 $0
Dr Norm Kakarala Director Emeritus 3.00
Officer
$0 $0 $0
Jitesh Desai Treasurer 10
Officer
$0 $0 $0
Dr Jeffrey Helms Councilor 3
Officer
$0 $0 $0
Dr Sassan Tarahomi Past Chair 3
Officer
$0 $0 $0
Ramesh Iyer Chairperson 3
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
2025 $710,950 $786,682 $156,599 $-75,732
2024 $624,780 $749,032 $250,329 $-124,252
2023 $823,807 $779,015 $374,581 $44,792
2022 $728,572 $775,501 $329,789 $-46,929
2021 $316,766 $326,752 $376,718 $-9,986
2021 $139,927 $210,736 $386,704 $-70,809
2020 $598,262 $669,422 $457,513 $-71,160
2019 $893,396 $889,280 $528,673 $4,116
2018 $758,489 $755,478 $524,557 $3,011
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