STEEL FOUNDERS' SOCIETY OF AMERICA

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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

1984

Legal Domicile

Principal Officer

RAYMOND MONROE

Phone

8154558240

Tax Period

2024-01-01 to 2024-12-31

STEEL FOUNDERS' SOCIETY OF AMERICA, founded in 1984, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2024. Expenses of $8.7M left a modest 7% surplus.

Mission

TO PROMOTE THE GENERAL WELFARE OF ALL ENGAGED IN OR AFFECTED BY THE MANUFACTURE AND SALE OF STEEL OR ALLOY CASTINGS.

Program Service Accomplishments

Program 1

TECHNICAL AND OPERATING CONFERENCE AND ANNUAL MEETING, ALONG WITH THE OCCASIONAL SPECIAL CONFERENCE, IS TO PROVIDE INFORMATIVE DISCUSSIONS ON INDUSTRY TRENDS AND INNOVATIONS. 191 ATTENDEES SERVED.

Program 2

DIRECTORY, STATISTICS, AND OTHER PUBLICATIONS PROVIDING TECHNICAL INFORMATION RELATING TO FOUNDRIES. 76 MEMBERS SERVED.

Program 3

RESEARCH PROJECTS AND TESTING DONE ON INDUSTRY DEVELOPMENTS TO PROVIDE INFORMATION ON NEW PRODUCTS AND TECHNIQUES. 76 MEMBERS SERVED.

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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 $0

Program Service Revenue $9,082,810

Investment Income $224,439

Other Revenue $4,581

TOTAL REVENUE $9,311,830

Expense Breakdown

Grants Paid $53,227

Salaries & Benefits $2,490,365

Fundraising Expenses $0

Other Expenses $6,132,190

TOTAL EXPENSES $8,675,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,311,830	$9,102,486	+0.0%
Expenses	$8,675,782	$8,666,128	+0.0%
Net Income	$636,048	$436,358	+0.5%

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

$863,156

Total Directors

Key Employees

$695,718

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HARRISON	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOHN CORY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MAX HOLMAN	IMMEDIATE PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
ZED HOWELL	DIRECTOR	0.50	Director	$0	$0	$0
JOE PLUNGER	DIRECTOR	0.50	Director	$0	$0	$0
ROB COWEN	DIRECTOR	0.50	Director	$0	$0	$0
JEFF BUREK	DIRECTOR	0.50	Director	$0	$0	$0
NIC TARZWELL	DIRECTOR	0.50	Director	$0	$0	$0
JAY HARMEYER	DIRECTOR	0.50	Director	$0	$0	$0
RANDY MCGILL	DIRECTOR	0.50	Director	$0	$0	$0
WAYNE BRAUN	DIRECTOR	0.50	Director	$0	$0	$0
RAYMOND MONROE	EXECUTIVE VICE PRESIDENT	40.00	Officer	$481,504	$44,119	$525,623
KELLY MORITZ	VP OF FINANCE & CONTRACTS	40.00	Officer	$293,689	$43,844	$337,533
RYAN MOORE	VP OF OPERATIONS	40.00	Key Emp	$278,409	$43,060	$321,469
DAVID POWELEIT	VP OF TECHNOLOGY	40.00	Key Emp	$336,569	$37,680	$374,249
ROBIN BLAIR	DIRECTOR OF IT	40.00	Highest	$126,808	$18,119	$144,927
CAELAN KENNEDY	RESEARCH MANAGER	40.00	Highest	$136,927	$27,579	$164,506
LEANNE MUELLER-GONZALEZ	ACCOUNTANT	40.00	Highest	$104,671	$32,836	$137,507
TORY WENDLANDT	RESEARCH ENGINEER	40.00	Highest	$103,105	$11,331	$114,436

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	$9,311,830	$8,675,782	$6,805,015	$636,048
2023	$9,102,486	$8,666,128	$6,374,771	$436,358
2022	$8,511,616	$8,177,680	$5,808,184	$333,936
2021	$7,560,615	$7,161,518	$6,567,517	$399,097
2020	$4,259,203	$3,835,199	$4,579,360	$424,004
2019	$4,995,870	$4,695,560	$4,525,157	$300,310
2018	$3,652,404	$3,392,560	$3,515,288	$259,844