SOCIETY OF PLASTICS ENGINEERS (EIN 370265597) - Form 990 Financial Analysis & Trantor Score

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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

1942

Legal Domicile

Principal Officer

David A Okonski

Phone

2485219101

Tax Period

2023-07-01 to 2024-06-30

SOCIETY OF PLASTICS ENGINEERS, founded in 1942, is a small nonprofit that reported $423K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $394K left a modest 7% surplus.

Mission

SPE DETROIT SECTION IS A SECTION OF THE INTERNATIONAL ORGANIZATION DEDICATED TO THE ADVANCEMENT OF KNOWLEDGE AND EDUCATION FOR ALL PLASTICS PROFESSIONALS.

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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 $1,626

Program Service Revenue $421,493

Investment Income $0

Other Revenue $0

TOTAL REVENUE $423,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,762

Other Expenses $394,183

TOTAL EXPENSES $394,183

Year-over-Year Comparison

	2023	2022	Change
Revenue	$423,119	$1,129,598	-0.6%
Expenses	$394,183	$548,429	-0.3%
Net Income	$28,936	$581,169	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Philp	President	5.00	Officer	$0	$0	$0
Neil Fuenmayor	Past President	5.00	Officer	$0	$0	$0
Thomas Miller	Councilor	5.00	Officer	$0	$0	$0
David A Okonski	Treasurer	5.00	Officer	$0	$0	$0
Robert Petrach	Secretary	5.00	Officer	$0	$0	$0
Dawn Cooper	First Vice President	5.00	Officer	$0	$0	$0

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	No data	No data	No data	No data
2024	$423,119	$394,183	$3,633,016	$28,936
2023	$1,129,598	$548,429	$3,099,523	$581,169
2022	$190,122	$232,754	$3,105,196	$-42,632
2021	$12,235	$196,992	$3,413,352	$-184,757

SOCIETY OF PLASTICS ENGINEERS