THERMOSET RESIN FORMULATORS ASSOCIATION

EIN: 383676781 Community Improvement

GLEN ELLYN, IL

Total Revenue
$164,150
Total Expenses
$177,256
Total Assets
$255,658
Net Assets
$234,589
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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
2003
Legal Domicile
IL
Principal Officer
RICK CHURCH
Phone
6308587337
Tax Period
2019-01-01 to 2019-12-31

THERMOSET RESIN FORMULATORS ASSOCIATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $164K in total revenue in fiscal year 2019. Revenue decreased 11% compared to the prior year.

Mission

WE SERVE THE NEEDS OF THE THERMOSET RESIN FORMULATORS AND SUPPLIERS AND HELP THEM ACHIEVE THEIR GOALS BY PROVIDING A FORUM FOR SHARING AND INTERACTION.

Program Service Accomplishments

Program 1

THE ASSOCIATION HOLDS AN ANNUAL MEETING TO DISCUSS CURRENT ISSUES FACING THE INDUSTRY; TO EXCHANGE IDEAS AND TO ELECT OFFICERS.

Program 2

VARIOUS PROJECTS THAT HELP TO EDUCATE AND ENHANCE THE ABILITY OF THE MEMBERSHIP TO EDUCATE AND ENLIGHTEN THE END USERS OF THERMOSET RESIN, SUCH AS TRADE SHOW ATTENDANCE, PRODUCT RESEARCH PROJECTS...

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VARIOUS PROJECTS THAT HELP TO EDUCATE AND ENHANCE THE ABILITY OF THE MEMBERSHIP TO EDUCATE AND ENLIGHTEN THE END USERS OF THERMOSET RESIN, SUCH AS TRADE SHOW ATTENDANCE, PRODUCT RESEARCH PROJECTS, AND WEBINARS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $161,850
Investment Income $2,100
Other Revenue $200
TOTAL REVENUE $164,150

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $177,256
TOTAL EXPENSES $177,256

Year-over-Year Comparison

2019 2018 Change
Revenue $164,150 $185,280 -0.1%
Expenses $177,256 $204,592 -0.1%
Net Income $-13,106 $-19,312 -0.3%
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
10
Independent Members
10
Employees
N/A
Volunteers
75

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES ZARNITZ PRESIDENT 0.50
Officer Director
$0 $0 $0
PHIL ALLEN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JEREMY PASATTA SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
TIMOTHY ATKINSON IMMEDIATE PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
JOE GARRIDO DIRECTOR 0.50
Director
$0 $0 $0
DILIP SHAH DIRECTOR 0.50
Director
$0 $0 $0
BRUCE BURTON DIRECTOR 0.50
Director
$0 $0 $0
ALYSON KING DIRECTOR 0.50
Director
$0 $0 $0
RON KUMPFMILLER DIRECTOR 0.50
Director
$0 $0 $0
KARANA SHAH DIRECTOR 0.50
Director
$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
2019 $164,150 $177,256 $255,658 $-13,106
2018 $185,280 $204,592 $300,627 $-19,312
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