RACK MANUFACTURERS INSTITUTE (EIN 251124213) - 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

1959

Legal Domicile

Principal Officer

Paul Neal

Phone

7046761190

Tax Period

2024-01-01 to 2024-12-31

RACK MANUFACTURERS INSTITUTE, founded in 1959, is a small nonprofit that reported $323K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 19% operating margin.

Mission

RMI Promotes the safe design and use of industrial storage rack through research testing preparation of specifications and guidelines educational programing and meetings.

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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 $262,200

Program Service Revenue $60,771

Investment Income $0

Other Revenue $0

TOTAL REVENUE $322,971

Expense Breakdown

Grants Paid $63,896

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,786

Other Expenses $198,966

TOTAL EXPENSES $262,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,971	$260,945	+0.2%
Expenses	$262,862	$221,802	+0.2%
Net Income	$60,109	$39,143	+0.5%

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

$105,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Neal	President	1.00	Officer	$0	$0	$0
John Schmidt	Vice President	1.00	Officer	$0	$0	$0
Tommy Sinclair	Secretary	1.00	Officer	$0	$0	$0
Anna Teter	Treasurer and Managing Executive	1.00	Officer	$0	$0	$105,486

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	$322,971	$262,862	$969,512	$60,109
2023	$260,945	$221,802	$1,000,841	$39,143
2022	$330,045	$246,414	$835,273	$83,631
2021	$389,246	$204,874	$764,054	$184,372
2020	$325,349	$160,686	$576,907	$164,663

RACK MANUFACTURERS INSTITUTE