METALS SERVICE CENTER INSTITUTE FOUNDATION

EIN: 341270863 501(c)(3) Community Improvement

ROLLING MEADOWS, IL

Total Revenue
$5,850
Total Expenses
$819
Total Assets
$12,691
Net Assets
$7,391
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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
1978
Legal Domicile
IL
Principal Officer
M ROBERT WEIDNER III
Phone
8474853000
Tax Period
2023-01-01 to 2023-12-31

METALS SERVICE CENTER INSTITUTE FOUNDATION, founded in 1978, is a micro nonprofit in the Community Improvement sector that reported $6K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $5K, a strong 86% operating margin.

Mission

TO PROVIDE SCHOLARSHIP FUNDS FOR LOCAL CHAPTERS TO DISTRIBUTE FOR POST-SECONDARY EDUCATION TO MEMBERS' EMPLOYEES' CHILDREN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,850
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,850

Expense Breakdown

Grants Paid $600
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $600
Other Expenses $219
TOTAL EXPENSES $819

Year-over-Year Comparison

2023 2022 Change
Revenue $5,850 $6,730 -0.1%
Expenses $819 $5,026 -0.8%
Net Income $5,031 $1,704 +2.0%
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

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Governance

Voting Members
5
Independent Members
5
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
8
$1,021,166
Total Directors
8
$1,021,166
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
M ROBERT WEIDNER III PRESIDENT & CEO 1.00
Officer Director
$0 $24,280 $733,166
RICHARD T MARABITO CHAIR PERSON THROUGH 6/30; PAST CHAIRMAN EFF. 7/1 1.00
Officer Director
$0 $0 $0
THERESA E WAGLER TREASURER EFFECTIVE 7/1 1.00
Officer Director
$0 $0 $0
R MARK MCCAREINS SECRETARY 1.00
Officer Director
$0 $0 $288,000
JOHN GANEM VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOHN G REID VICE CHAIR THROUGH 6/30; CHAIR PERSON EFF. 7/1 1.00
Officer Director
$0 $0 $0
KARLA R LEWIS VICE CHAIR 1.00
Officer Director
$0 $0 $0
COLLEEN A PHILLIP TREASURER THROUGH 6/30 1.00
Officer 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 $5,850 $819 $12,691 $5,031
2022 $6,730 $5,026 $7,880 $1,704
2021 $13,596 $16,212 $5,956 $-2,616
2020 $66,097 $66,742 $8,834 $-645
2019 No data $115 $3,917 No data
2018 $2,901 $70,321 $4,032 $-67,420
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