AMERICAN FOUNDRY SOCIETY

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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

1917

Legal Domicile

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.

Program Service Accomplishments

Program 1

MAGAZINES - THE SOCIETY'S MAGAZINES DISSEMINATE INFORMATION ABOUT THE ADVANCEMENT OF THE SCIENCES RELATED TO THE MANUFACTURE AND UTILIZATION OF METALCASTING. MODERN CASTING IS PUBLISHED MONTHLY WITH A WORLDWIDE READERSHIP OF 13,800. CASTING SOURCE IS DISTRIBUTED TO APPROXIMATELY 12,000 READERS ON A BI-MONTHLY BASIS. MODERN CASTING AND CASTING SOURCE ARE PUBLISHED IN BOTH PRINT AND DIGITAL EDITIONS. THE INTERNATIONAL JOURNAL OF METALCASTING (PUBLISHED PAPERS FROM ACADEMIA AND INDUSTRY) IS CIRCULATED, EXCLUSIVELY IN A DIGITAL EDITION, TO APPROXIMATELY 590 READERS QUARTERLY.

Program 2

TECHNICAL SERVICES - PROVIDES ADMINISTRATIVE, MANAGEMENT, RESEARCH, AND TECHNICAL SUPPORT SERVICES TO THE METALCASTING INDUSTRY. SERVICES INCLUDE TECHNICAL COUNCIL, MANAGEMENT COUNCIL, COMMITTEES...

TECHNICAL SERVICES - PROVIDES ADMINISTRATIVE, MANAGEMENT, RESEARCH, AND TECHNICAL SUPPORT SERVICES TO THE METALCASTING INDUSTRY. SERVICES INCLUDE TECHNICAL COUNCIL, MANAGEMENT COUNCIL, COMMITTEES, RESEARCH SERVICES, TECHNOLOGY TRANSFER, AND INFORMATION TRANSFER. COUNCILS AND COMMITTEES REPRESENT ABOUT 800 VOLUNTEERS.

Program 3

RESEARCH PROJECTS - COOPERATIVE RESEARCH AGREEMENTS WITH THE FOUNDRY INDUSTRY AND FEDERAL GOVERNMENT AGENCIES. PROJECTS ADMINISTERED BY THE SOCIETY ARE THOSE THAT WILL HAVE THE MOST IMPACT ON THE...

RESEARCH PROJECTS - COOPERATIVE RESEARCH AGREEMENTS WITH THE FOUNDRY INDUSTRY AND FEDERAL GOVERNMENT AGENCIES. PROJECTS ADMINISTERED BY THE SOCIETY ARE THOSE THAT WILL HAVE THE MOST IMPACT ON THE INDUSTRY.

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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 $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

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

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

$517,303

Total Directors

Key Employees

Highest Compensated

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