SOCIETY OF EXPLOSIVES ENGINEERS EDUCATION FOUNDATION

EIN: 341739106 501(c)(3) Education

CLEVELAND, OH

Total Revenue
$287,106
Total Expenses
$184,460
Total Assets
$3,619,161
Net Assets
$3,540,262
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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
1994
Legal Domicile
OH
Principal Officer
JOHN WATSON
Phone
4403494400
Tax Period
2023-10-01 to 2024-09-30

SOCIETY OF EXPLOSIVES ENGINEERS EDUCATION FOUNDATION, founded in 1994, is a small nonprofit in the Education sector that reported $287K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103K, a strong 36% operating margin.

Mission

THE SEE EDUCATION FOUNDATION WAS CREATED TO SERVE THE LONG-TERM EDUCATION INTERESTS OF THE EXPLOSIVES INDUSTRY THROUGH THE DEVELOPMENT OF EDUCATION AND TRAINING MATERIALS, CHAMPIONING THE INCLUSION OF EXPLOSIVES INSTRUCTION IN ENGINEERING CURRICULA AND AWARDING SCHOLARSHIPS TO ELIGIBLE STUDENTS.

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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 $190,345
Program Service Revenue $0
Investment Income $104,817
Other Revenue $-8,056
TOTAL REVENUE $287,106

Expense Breakdown

Grants Paid $86,850
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $131,205
Other Expenses $97,610
TOTAL EXPENSES $184,460

Year-over-Year Comparison

2023 2022 Change
Revenue $287,106 $201,607 +0.4%
Expenses $184,460 $123,134 +0.5%
Net Income $102,646 $78,473 +0.3%
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
12
Independent Members
12
Employees
N/A
Volunteers
12

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
7
$199,836
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRADEN T LUSK JR PRESIDENT 0.50
Officer Director
$0 $0 $0
ALASTAIR C TORRANCE IMMEDIATE PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
JANEEN T SMITH VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
KRISTEN N KOLDEN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JOHN T WATSON TREASURER 0.50
Officer Director
$0 $0 $0
TRAVIS A DAVIDSAVOR SECRETARY 0.50
Officer Director
$0 $0 $0
KRISTIE ALLEN DIRECTOR 0.50
Director
$0 $0 $0
DOUG O HOY DIRECTOR 0.50
Director
$0 $0 $0
JOSH HOFFMAN DIRECTOR 0.50
Director
$0 $0 $0
JOHN RATHBUN DIRECTOR 0.50
Director
$0 $0 $0
PAUL WORSEY DIRECTOR 0.50
Director
$0 $0 $0
VAUGHN ZIOLKOWSKI DIRECTOR 0.50
Director
$0 $0 $0
STEVEN B SHIVAK EXECTUTIVE DIRECTOR 4.00
Officer
$0 $23,936 $199,836
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 $287,106 $184,460 $3,619,161 $102,646
2023 $201,607 $123,134 $2,869,012 $78,473
2022 $205,491 $118,456 $2,599,012 $87,035
2021 $95,557 $104,718 $2,989,154 $-9,161
2020 $177,773 $139,106 $2,555,254 $38,667
2019 $250,344 $137,522 $2,497,597 $112,822
2018 $243,189 $116,760 $2,447,666 $126,429
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