DUCTILE IRON PIPE RESEARCH ASSOCIATION (EIN 360879010) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1915

Legal Domicile

Principal Officer

DAVID COLE

Phone

2054028700

Tax Period

2024-01-01 to 2024-12-31

DUCTILE IRON PIPE RESEARCH ASSOCIATION, founded in 1915, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2019.

Mission

TO FOSTER PUBLIC SERVICE BY CONDUCTING RESEARCH AND PROVIDING ACCURATE, RELIABLE ENGINEERING INFORMATION ABOUT ITS MEMBERS' PRODUCTS TO A VARIETY OF PIPE USERS AND SPECIFIERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,780,494

Investment Income $23,339

Other Revenue $130,160

TOTAL REVENUE $7,933,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,729,453

Fundraising Expenses $0

Other Expenses $5,994,438

TOTAL EXPENSES $7,723,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,933,993	$6,707,018	+0.2%
Expenses	$7,723,891	$6,595,546	+0.2%
Net Income	$210,102	$111,472	+0.9%

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

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

$287,369

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF S OTTERSTEDT	TREASURER	1.00	Officer Director	$0	$0	$0
RYAN MCCULLOUGH	CHAIR	1.00	Officer Director	$0	$0	$0
MIKE O'BRIEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL S DENNISTON	MEMBER	1.00	Director	$0	$0	$0
DAVID COLE	PRESIDENT	40.00	Officer	$285,750	$1,619	$287,369
L GREGG HORN	VP TECHNICAL SERVICES	40.00	Highest	$221,748	$47,643	$269,391
PAUL H HANSON	REGIONAL DIRECTOR	40.00	Highest	$177,363	$35,189	$212,552
ALLEN COX	REGIONAL DIRECTOR	40.00	Highest	$177,734	$35,008	$212,742
JANINE ALEXANDER	REGIONAL DIRECTOR	40.00	Highest	$183,500	$24,257	$207,757
BRIAN HARTLOVE	VP MARKETING & COMMUNICATIONS	1.00	Highest	$152,067	$43,875	$195,942

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	$7,933,993	$7,723,891	$1,713,798	$210,102
2023	$6,707,018	$6,595,546	$1,503,696	$111,472
2022	$5,881,671	$5,685,368	$1,392,224	$196,303
2021	$5,407,671	$5,409,274	$1,195,921	$-1,603
2020	$5,262,415	$4,883,596	$1,197,524	$378,819
2019	$4,951,273	$4,992,360	$818,705	$-41,087

DUCTILE IRON PIPE RESEARCH ASSOCIATION