STEEL FOUNDERS' SOCIETY OF AMERICA

EIN: 363293382

CRYSTAL LAKE, IL

Total Revenue
$9,311,830
Total Expenses
$8,675,782
Total Assets
$6,805,015
Net Assets
$6,007,038
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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
IL
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 $3.7M in total revenue in fiscal year 2018. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $3.4M 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.

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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 $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

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Governance

Voting Members
11
Independent Members
11
Employees
11
Volunteers
15

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
5
$863,156
Total Directors
11
$0
Key Employees
2
$695,718
Highest Compensated
4
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
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