SOCIETY OF MANUFACTURING ENGINEERS (EIN 380298770) - 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

1932

Legal Domicile

Principal Officer

ROBERT WILLIG

Phone

3134253000

Tax Period

2023-01-01 to 2023-12-31

SOCIETY OF MANUFACTURING ENGINEERS, founded in 1932, is a mid-sized nonprofit in the Community Improvement sector that reported $83.7M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $75.4M left a modest 10% surplus.

Mission

PROMOTE MANUFACTURING TECHNOLOGY, DEVELOP A SKILLED WORKFORCE, COLLABORATE, AGGREGATE AND DISSEMINATE TECHNICAL KNOWLEDGE & EXPERTISE, AND BECOME A LEADER IN MANUFACTURING.

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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 $1,321,130

Program Service Revenue $80,134,246

Investment Income $1,138,666

Other Revenue $1,103,500

TOTAL REVENUE $83,697,542

Expense Breakdown

Grants Paid $1,958,632

Salaries & Benefits $25,233,367

Fundraising Expenses $0

Program Expenses $56,757,722

Other Expenses $48,247,460

TOTAL EXPENSES $75,439,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,697,542	$51,643,029	+0.6%
Expenses	$75,439,459	$59,979,438	+0.3%
Net Income	$8,258,083	$-8,336,409	-2.0%

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

238

Volunteers

1000

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

$1,729,028

Total Directors

Key Employees

$1,147,380

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES W SCHLUSEMANN	PRESIDENT	20.00	Officer Director	$0	$0	$0
WINSTON F EREVELLES	PRESIDENT-ELECT	10.00	Officer Director	$0	$0	$0
VINCENT W HOWELL	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
REBECCA R TAYLOR	TREASURER	10.00	Officer Director	$0	$0	$0
JEFFREY A ABELL	SECRETARY	10.00	Officer Director	$0	$0	$0
BRYAN D ALBRECHT	DIRECTOR	5.00	Director	$0	$0	$0
EDYE S BUCHANAN	DIRECTOR	5.00	Director	$0	$0	$0
HITOMI YAMAGUCHI GREENSLET	DIRECTOR	5.00	Director	$0	$0	$0
JACQUELINE EL-SAYED	DIRECTOR	5.00	Director	$0	$0	$0
DEAN S PHILLIPS	DIRECTOR	5.00	Director	$0	$0	$0
MARIE KISSEL	DIRECTOR	5.00	Director	$0	$0	$0
ALBERT J WAVERING	DIRECTOR	5.00	Director	$0	$0	$0
JIAN CAO	DIRECTOR	5.00	Director	$0	$0	$0
DIANNE CHONG	DIRECTOR	5.00	Director	$0	$0	$0
BRYAN G DODS	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT W IVESTER	DIRECTOR - PART YEAR	5.00	Director	$0	$0	$0
MICHAEL D PACKER	DIRECTOR - PART YEAR	5.00	Director	$0	$0	$0
ROBERT WILLIG	CEO & EXECUTIVE DIRECTOR	46.00	Officer	$658,759	$58,330	$717,089
STAVROS PRAHALIS	CHIEF OPERATING OFFICER	50.00	Officer	$509,276	$62,369	$571,645
CRAIG CONNOP	CHIEF FINANCIAL OFFICER	46.00	Officer	$391,005	$49,289	$440,294
JEANNINE KUNZ	CHIEF WORKFORCE DEVELOPMENT OFFICER	50.00	Key Emp	$408,905	$79,098	$488,003
DAVID O'NEIL	VP OF ADVANCED MFG MEDIA	50.00	Key Emp	$324,280	$30,191	$354,471
ERICA CIUPAK	VP OF IT	50.00	Key Emp	$286,771	$18,135	$304,906
CHAD H SCHRON	SENIOR DIRECTOR, TU-SME	50.00	Highest	$346,125	$52,696	$398,821
KATHLEEN BORGULA	VP OF HUMAN RESOURCES	50.00	Highest	$324,467	$67,223	$391,690
JOHN CATALANO	SENIOR DIRECTOR, FABTECH	50.00	Highest	$247,357	$57,700	$305,057
JOHN HINDMAN	DIRECTOR, LEARNING AND PERFORMANCE IMPROVEMENT	50.00	Highest	$233,044	$18,146	$251,190
BRIAN HOGAN	NATIONAL ACCOUNT MANAGER	50.00	Highest	$210,052	$36,463	$246,515

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	$83,697,542	$75,439,459	$78,176,386	$8,258,083
2022	$51,643,029	$59,979,438	$75,190,613	$-8,336,409
2021	$66,156,404	$56,775,104	$77,116,365	$9,381,300
2020	$33,476,577	$35,499,157	$75,791,909	$-2,022,580
2019	$75,619,328	$67,699,088	$68,986,755	$7,920,240
2018	$56,495,208	$57,900,620	$57,812,203	$-1,405,412

SOCIETY OF MANUFACTURING ENGINEERS