AMERICAN FOUNDRY SOCIETY

EIN: 360725470

SCHAUMBURG, IL

Total Revenue
$10,634,125
Total Expenses
$8,808,711
Total Assets
$8,360,601
Net Assets
$6,106,685
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1917
Legal Domicile
IL
Principal Officer
JUSTIN SCOTT
Phone
8478240181
Tax Period
2024-07-01 to 2025-06-30

AMERICAN FOUNDRY SOCIETY, founded in 1917, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 17% operating margin.

Mission

THE MISSION OF THE AMERICAN FOUNDRY SOCIETY IS TO ADVANCE THE SUCCESS OF ITS MEMBERS AND THE METALCASTING INDUSTRY THROUGH ADVOCACY, EDUCATION, AND INNOVATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $759,328
Program Service Revenue $9,205,781
Investment Income $186,762
Other Revenue $482,254
TOTAL REVENUE $10,634,125

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,610,537
Fundraising Expenses $0
Other Expenses $5,198,174
TOTAL EXPENSES $8,808,711

Year-over-Year Comparison

2024 2023 Change
Revenue $10,634,125 $6,898,495 +0.5%
Expenses $8,808,711 $7,482,066 +0.2%
Net Income $1,825,414 $-583,571 -4.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
34
Volunteers
800

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
$517,303
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID GILSON PRESIDENT 0.30
Officer Director
$0 $0 $0
JOHN LANCASTER VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
SARA JOYCE 2ND VICE PRESIDENT-AS OF APR 2025 0.30
Officer Director
$0 $0 $0
ANGELA SCHMEISSER IMMEDIATE PAST PRES-AS OF APR 2025 0.30
Officer Director
$0 $0 $0
BRADFORD MULLER IMMEDIATE PAST PRES-LEFT APR 2025 0.30
Officer Director
$0 $0 $0
SUSAN BEAR DIRECTOR 0.30
Director
$0 $0 $0
BOB BRAUN DIRECTOR 0.30
Director
$0 $0 $0
ALAN BRINK DIRECTOR 0.30
Director
$0 $0 $0
GEORGE BOYD JR DIRECTOR 0.30
Director
$0 $0 $0
MATT COOK DIRECTOR 0.30
Director
$0 $0 $0
BRETT FISHER DIRECTOR 0.30
Director
$0 $0 $0
MICHAEL HALSBAND DIRECTOR 0.30
Director
$0 $0 $0
KELLEY KERNS DIRECTOR 0.30
Director
$0 $0 $0
PAUL LEONARD DIRECTOR 0.30
Director
$0 $0 $0
EARL MILLER DIRECTOR 0.30
Director
$0 $0 $0
BILL NESTEL DIRECTOR 0.30
Director
$0 $0 $0
KRISTEN NEWBERRY DIRECTOR-AS OF APR 2025 0.30
Director
$0 $0 $0
TODD PAGEL DIRECTOR-AS OF APR 2025 0.30
Director
$0 $0 $0
DR SAM RAMRATTAN DIRECTOR-AS OF APR 2025 0.30
Director
$0 $0 $0
SID TANKERSLEY DIRECTOR-AS OF APR 2025 0.30
Director
$0 $0 $0
AMANDA TORKELSON DIRECTOR 0.30
Director
$0 $0 $0
DR LAURA BARTLETT DIRECTOR-LEFT APR 2025 0.30
Director
$0 $0 $0
KILEY ECK HAYON DIRECTOR-LEFT APR 2025 0.30
Director
$0 $0 $0
JAY M MORRISION DIRECTOR-LEFT APR 2025 0.30
Director
$0 $0 $0
LIZ ULMAN DIRECTOR-LEFT APR 2025 0.30
Director
$0 $0 $0
DOUGLAS KURKUL CEO 45.00
Officer
$305,170 $44,522 $349,692
CHRIS OSWALD VP-ACCOUNTING AND FINANCE 47.00
Officer
$134,441 $33,170 $167,611
MIKE LAKAS SR VP-IT, OPERATIONS, & TRADE SHOWS 45.00
Highest
$179,944 $57,463 $237,407
BRIAN BEGAN SR VP-TECHNICAL SERVICES 47.00
Highest
$177,210 $23,234 $200,444
BEN YATES VP-BUSINESS DEVELOPMENT 45.00
Highest
$138,614 $6,609 $145,223
GREG KRAMER TECHNICAL DIRECTOR-EHS 45.00
Highest
$131,629 $6,622 $138,251
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
2025 $10,634,125 $8,808,711 $8,360,601 $1,825,414
2024 $6,898,495 $7,482,066 $6,433,652 $-583,571
2023 $6,946,159 $7,211,390 $6,284,156 $-265,231
2022 $9,069,526 $7,154,650 $6,904,237 $1,914,876
2021 $5,226,214 $5,863,287 $5,353,859 $-637,073
2020 $5,193,925 $6,630,759 $5,044,480 $-1,436,834
2019 $9,243,156 $7,841,366 $7,011,497 $1,401,790
2018 $6,473,639 $7,538,033 $5,777,430 $-1,064,394
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