NATURAL STONE INSTITUTE

EIN: 382817639

OBERLIN, OH

Total Revenue
$3,380,681
Total Expenses
$3,351,307
Total Assets
$4,199,896
Net Assets
$3,058,552
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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
1988
Legal Domicile
MI
Principal Officer
JAMES HIEB
Phone
4402509222
Tax Period
2023-01-01 to 2023-12-31

NATURAL STONE INSTITUTE, founded in 1988, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023.

Mission

THE CEO'S COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND AGREED UPON IN A WRITTEN CONTRACT. THE CEO HAS FUNDS AT HIS DISPOSAL FOR BUSINESS PURPOSES BUT ALL SPENDING MUST INCLUDE A BUSINESS PURPOSE AND BE SUBSTANTIATED BY PROPER DOCUMENTATION AND RECEIPTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,680,788
Program Service Revenue $1,601,559
Investment Income $98,334
Other Revenue $0
TOTAL REVENUE $3,380,681

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,832,474
Fundraising Expenses $0
Program Expenses $1,475,106
Other Expenses $1,518,833
TOTAL EXPENSES $3,351,307

Year-over-Year Comparison

2023 2022 Change
Revenue $3,380,681 $3,312,010 +0.0%
Expenses $3,351,307 $3,039,204 +0.1%
Net Income $29,374 $272,806 -0.9%
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
13
Independent Members
13
Employees
24
Volunteers
13

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
$244,487
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BADIA ONTRA IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
DUANE NAQUIN PRESIDENT 1.00
Officer Director
$0 $0 $0
KATIE JENSEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BLAKE CHRISTENSEN DIRECTOR 1.00
Director
$0 $0 $0
EVAN COHEN TREASURER 1.00
Officer Director
$0 $0 $0
FILIPPO EMANUEL DIRECTOR 1.00
Director
$0 $0 $0
JEFF ERICKSON SECRETARY 1.00
Director
$0 $0 $0
DARRELL PETIT DIRECTOR 1.00
Director
$0 $0 $0
AMIT GUPTA DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN MITNICK DIRECTOR 1.00
Director
$0 $0 $0
SAM ARCOT DIRECTOR 1.00
Director
$0 $0 $0
SAL BANCHITTA DIRECTOR 1.00
Director
$0 $0 $0
IRINI PAPAGIANNOULI DIRECTOR 1.00
Director
$0 $0 $0
JAMES HIEB CHIEF EXECUTIVE OFFICER 40.00
Officer
$214,254 $30,233 $244,487
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 $3,380,681 $3,351,307 $4,199,896 $29,374
2022 $3,312,010 $3,039,204 $3,618,705 $272,806
2021 $2,903,068 $2,547,718 $4,154,749 $355,350
2020 $2,495,042 $2,433,540 $3,520,874 $61,502
2019 $2,802,462 $2,851,385 $3,011,163 $-48,923
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