THE REFRACTORIES INSTITUTE (EIN 250981708) - 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

1951

Legal Domicile

Principal Officer

PAUL JAMIESON

Phone

2162417333

Tax Period

2023-01-01 to 2023-12-31

THE REFRACTORIES INSTITUTE, founded in 1951, is a small nonprofit that reported $353K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $532K exceeded revenue, resulting in a 51% operating deficit.

Mission

THE REFRACTORIES INSTITUTE WAS ESTABLISHED BY THE REFRACTORIES INDUSTRY. (SEE SCHEDULE O)

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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 (2023)

Revenue Breakdown

Contributions & Grants $252,900

Program Service Revenue $65,076

Investment Income $35,521

Other Revenue $0

TOTAL REVENUE $353,497

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $517,336

TOTAL EXPENSES $532,336

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,497	$379,302	-0.1%
Expenses	$532,336	$541,433	0.0%
Net Income	$-178,839	$-162,131	+0.1%

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
PAUL BENSON	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN BOVETT	DIRECTOR	0.50	Director	$0	$0	$0
DUANE DEBASTIANI	DIRECTOR	0.50	Director	$0	$0	$0
MIKE DELUCIA	DIRECTOR	0.50	Director	$0	$0	$0
KYLE DUPUIS	DIRECTOR	0.50	Director	$0	$0	$0
MARK ESSIG	DIRECTOR	0.50	Director	$0	$0	$0
LOUIS GOLTERMAN III	DIRECTOR	0.50	Director	$0	$0	$0
PAUL JAMIESON	CHAIRMAN	0.50	Officer Director	$0	$0	$0
HEIKI MIKI	DIRECTOR	0.50	Director	$0	$0	$0
KEN MOODY	DIRECTOR	0.50	Director	$0	$0	$0
STEVE NOCK	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN OSBORNE	DIRECTOR	0.50	Director	$0	$0	$0
BRAD TAYLOR	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
MIKE WERNER	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$353,497	$532,336	$738,277	$-178,839
2022	$379,302	$541,433	$867,767	$-162,131
2021	$456,585	$452,760	$1,320,650	$3,825
2020	$287,240	$384,677	$1,272,340	$-97,437
2019	$439,193	$499,544	$1,202,254	$-60,351
2018	$531,380	$581,601	$1,173,186	$-50,221

THE REFRACTORIES INSTITUTE