THE ADHESIVE AND SEALANT COUNCIL I… - Form 990 Financial Data

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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

1958

Legal Domicile

Principal Officer

WILLIAM ALLMOND

Phone

3019869700

Tax Period

2023-01-01 to 2023-12-31

THE ADHESIVE AND SEALANT COUNCIL INC, founded in 1958, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

ASC DELIVERS CAREER EDUCATION, INNOVATION COLLABORATION, COMMUNITY KNOWLEDGE SHARING AND A UNIFIED INDUSTRY VOICE. TOGETHER, WE ACCELERATE THE ADOPTION OF ADHESIVES AND SEALANTS TO STRENGTHEN OUR MEMBER BUSINESSES.

Program Service Accomplishments

Program 1

THE ORGANIZATION HOLDS MEETINGS AND CONVENTIONS TO BRING TOGETHER AND EDUCATE ITS VARIOUS MEMBERS WITHIN THE ADHESIVES AND SEALANTS INDUSTRY.

Program 2

THE ORGANIZATION'S MEMBERS BENEFIT FROM MANY RESOURCES PROVIDED BY ASC. THE ORGANIZATION PROVIDES INDUSTRY NEWSLETTERS, COURSES, AND OTHER INFORMATION TO ITS MEMBERS IN AN EFFORT TO PROVIDE THE MOST...

Program 3

THE ORGANIZATION COMPILES AND REPORTS VARIOUS STATISTICAL INFORMATION RELATED TO THE ADHESIVE AND SEALANT 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 (2023)

Revenue Breakdown

Contributions & Grants $8,250

Program Service Revenue $2,534,081

Investment Income $146,009

Other Revenue $0

TOTAL REVENUE $2,688,340

Expense Breakdown

Grants Paid $13,000

Salaries & Benefits $1,184,566

Fundraising Expenses $0

Other Expenses $1,537,359

TOTAL EXPENSES $2,734,925

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,688,340	$3,514,688	-0.2%
Expenses	$2,734,925	$2,903,471	-0.1%
Net Income	$-46,585	$611,217	-1.1%

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

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

$455,862

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FOREST DRIGGS	CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS STEWART	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT BUSS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BUTERA	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER CAMPE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT DDAMULIRA	DIRECTOR	1.00	Director	$0	$0	$0
JOELLE FRECHETTE	DIRECTOR	1.00	Director	$0	$0	$0
SHAMSI GRAVEL	DIRECTOR	1.00	Director	$0	$0	$0
GERHARD HAAS	DIRECTOR	1.00	Director	$0	$0	$0
DAMON HOLLIS	DIRECTOR	1.00	Director	$0	$0	$0
STACY JORDAHL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LAMB	DIRECTOR	1.00	Director	$0	$0	$0
KIM MEIDL	DIRECTOR	1.00	Director	$0	$0	$0
SUANNE NORRIS	DIRECTOR	1.00	Director	$0	$0	$0
JACK O'MALLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARK C SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
SANGEETHA SUBRAMANIAN	DIRECTOR	1.00	Director	$0	$0	$0
CORBETT WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WHITE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM ALLMOND	PRESIDENT	40.00	Officer	$265,335	$16,146	$281,481
VALERYIA MIKHARAVA	DIRECTOR, FINANCE	40.00	Officer	$139,821	$34,560	$174,381
BRIAN PETERS	DIRECTOR OF MEMBERSHIP	40.00	Highest	$140,540	$31,645	$172,185
MALINDA ARMSTRONG	SENIOR DIRECTOR, MEETINGS	40.00	Highest	$157,374	$38,891	$196,265
CONSTANCE HOWE	SENIOR DIRECTOR, TECHNICAL	33.00	Highest	$154,398	$5,149	$159,547

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	$2,688,340	$2,734,925	$4,732,545	$-46,585
2022	$3,514,688	$2,903,471	$4,712,704	$611,217
2021	$2,044,100	$1,986,277	$4,455,927	$57,823
2020	$1,477,865	$1,912,696	$4,187,088	$-434,831
2019	$2,483,880	$2,448,016	$4,397,840	$35,864
2018	$2,477,097	$2,273,811	$3,782,965	$203,286

THE ADHESIVE AND SEALANT COUNCIL INC