ASSOCIATION OF EQUIPMENT MANUFACTU… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

KATHY BARKE

Phone

4142720943

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATION OF EQUIPMENT MANUFACTURERS, founded in 2001, is a mid-sized nonprofit in the Community Improvement sector that reported $30.1M in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $41.2M exceeded revenue, resulting in a 37% operating deficit.

Mission

TO BE THE LEADING ORGANIZATION IN NORTH AMERICA ENABLING EQUIPMENT MANUFACTURERS TO BE SUCCESSFUL IN THE GLOBAL MARKET PLACE.

Program Service Accomplishments

Program 1

Expenses: $26,082,762 Revenue: $15,032,510

MEMBER SERVICES INCLUDING EDUCATIONAL RESOURCES, PUBLIC PROMOTION, STATISTICS PROCESSING AND OTHER TRADE ASSOCIATION SERVICES ON A GLOBAL BASIS FOR COMPANIES THAT MANUFACTURE EQUIPMENT AND PROVIDE...

MEMBER SERVICES INCLUDING EDUCATIONAL RESOURCES, PUBLIC PROMOTION, STATISTICS PROCESSING AND OTHER TRADE ASSOCIATION SERVICES ON A GLOBAL BASIS FOR COMPANIES THAT MANUFACTURE EQUIPMENT AND PROVIDE PRODUCTS AND SERVICES USED WORLDWIDE IN THE CONSTRUCTION, AGRICULTURE, MINING, FORESTRY, MATERIALS-HANDLING AND UTILITY INDUSTRY.

Program 2

Expenses: $14,954,674 Revenue: $11,899,614

CONDUCT EXPOSITIONS FOR MEMBERS AROUND THE GLOBE TO PROMOTE THE CONTINUED EXPANSION AND SUCCESS OF THE EQUIPMENT MANUFACTURING INDUSTRY.

Program 3

Revenue: $1,725,656

CONDUCT ASSOCIATION INITIATIVES TO IMPROVE THE SAFETY OF THE INDUSTRY AND FOSTER DEVELOPMENT AND GROWTH.

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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 $180,000

Program Service Revenue $28,657,780

Investment Income $1,311,948

Other Revenue $0

TOTAL REVENUE $30,149,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,354,147

Fundraising Expenses $0

Program Expenses $41,037,436

Other Expenses $22,863,092

TOTAL EXPENSES $41,217,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,149,728	$87,247,791	-0.7%
Expenses	$41,217,239	$69,398,234	-0.4%
Net Income	$-11,067,511	$17,849,557	-1.6%

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

133

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

$724,175

Total Directors

Key Employees

$326,392

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN TANEL	AEM PRESIDENT	50.00	Officer	$680,111	$44,064	$724,175
JOHAN EIDEBERG SENIOR	VP, GOVERNMENT & INDUSTRY RELATIONS	50.00	Highest	$506,921	$20,714	$527,635
SARA TRUESDALE MOONEY SENIOR	VP, MEMBERSHIP. BUSINESS DEVELOPMENT & DATA	50.00	Highest	$370,269	$44,064	$414,333
CURT BLADES SENIOR	VP, INDUSTRY SECTORS & PRODUCT LEAD	50.00	Highest	$371,564	$22,236	$393,800
NICOLE HALLADA	SENIOR VP, EXHIBITIONS & MARKETING	50.00	Highest	$317,074	$44,228	$361,302
KATHY BARKE	CHIEF FINANCIAL OFFICER	50.00	Key Emp	$308,527	$17,865	$326,392
KATE FOX	VP, FEDERAL AFFAIRS	50.00	Highest	$295,267	$15,755	$311,022
TODD H STUCKE	DIRECTOR - CHAIR	1.00	Officer Director	$0	$0	$0
ERIC SAUVAGE	DIRECTOR - CE CHAIR	1.00	Officer Director	$0	$0	$0
BILL T HURLEY	DIRECTOR - AG CHAIR	1.00	Officer Director	$0	$0	$0
LINDA HASENFRATZ	DIRECTOR - VICE CHAIR	1.00	Officer Director	$0	$0	$0
MELVIN PORTER	DIRECTOR - TREASURER	1.00	Officer Director	$0	$0	$0
AUSTIN RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
GRANT D GODBERSEN	DIRECTOR	1.00	Director	$0	$0	$0
GREG PETRAS	DIRECTOR	1.00	Director	$0	$0	$0
JASON M ANDRINGA	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY R REED	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DALY	DIRECTOR	1.00	Director	$0	$0	$0
KEITH JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KRIS FLITCROFT	DIRECTOR	1.00	Director	$0	$0	$0
LAURA NESS OWENS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL A HABERMAN	DIRECTOR	1.00	Director	$0	$0	$0
PAT WEILER	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP G KELLIHER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD FOX-MARRS	DIRECTOR	1.00	Director	$0	$0	$0
ROD SCHRADER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT R HARRIS	DIRECTOR	1.00	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	$30,149,728	$41,217,239	$102,276,497	$-11,067,511
2023	$87,247,791	$69,398,234	$80,262,758	$17,849,557
2022	$35,797,063	$36,232,430	$101,439,103	$-435,367
2021	$35,929,615	$38,436,615	$65,690,987	$-2,507,000
2020	$62,972,877	$67,129,948	$69,608,821	$-4,157,071
2019	$36,719,374	$39,202,607	$107,529,798	$-2,483,233
2018	$29,110,164	$34,429,992	$72,739,699	$-5,319,828

ASSOCIATION OF EQUIPMENT MANUFACTURERS