AMERICAN SOCIETY FOR QUALITY INC

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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

1946

Legal Domicile

Principal Officer

SIDDHARTHA BHATNAGAR

Phone

4142728575

Tax Period

2024-01-01 to 2024-12-31

AMERICAN SOCIETY FOR QUALITY INC, founded in 1946, is a mid-sized nonprofit in the Community Improvement sector that reported $26.6M in total revenue in fiscal year 2024.

Mission

ASQ IS A GLOBAL COMMUNITY COLLABORATING TO ADVANCE EXCELLENCE THROUGH QUALITY.

Program Service Accomplishments

Program 1

Expenses: $15,605,009 Revenue: $22,522,291

ASQ IS A NOT-FOR-PROFIT PROFESSIONAL SOCIETY FORMED TO SUPPORT INDIVIDUALS IN THEIR PURSUIT OF QUALITY PRACTICES AND PERFORMANCE EXCELLENCE BY PROVIDING THOUGHT LEADERSHIP, TRAINING, AND KNOWLEDGE...

ASQ IS A NOT-FOR-PROFIT PROFESSIONAL SOCIETY FORMED TO SUPPORT INDIVIDUALS IN THEIR PURSUIT OF QUALITY PRACTICES AND PERFORMANCE EXCELLENCE BY PROVIDING THOUGHT LEADERSHIP, TRAINING, AND KNOWLEDGE RESOURCES. ACTIVITIES INCLUDE DEVELOPING QUALITY TOOLS, TRAINING, PUBLICATIONS, AND, CONFERENCES AND FORUMS FOR QUALITY PRACTITIONERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $177,106

Program Service Revenue $22,250,324

Investment Income $3,744,805

Other Revenue $412,190

TOTAL REVENUE $26,584,425

Expense Breakdown

Grants Paid $94,427

Salaries & Benefits $11,073,446

Fundraising Expenses $0

Program Expenses $15,605,009

Other Expenses $16,160,060

TOTAL EXPENSES $27,327,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,584,425	$24,966,943	+0.1%
Expenses	$27,327,933	$28,091,279	0.0%
Net Income	$-743,508	$-3,124,336	-0.8%

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

114

Volunteers

3000

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

$523,625

Total Directors

Key Employees

$490,622

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIDDHARTHA BHATNAGAR	CEO	40.00	Officer	$478,905	$44,720	$523,625
STEPHANIE DENVIR CHIEF	MEMBER EXP OFFICER (TERM 11/2024)	40.00	Key Emp	$239,357	$34,284	$273,641
ANDREW A GLUBISZ	DIR, FINANCE, SR	40.00	Key Emp	$168,178	$48,803	$216,981
ANNE K AUBRY	DIR, PEOPLE OPERATIONS	40.00	Highest	$171,133	$20,339	$191,472
DENISE KRAMER	DIR, COMMERCIAL EXECUTION	40.00	Highest	$169,319	$19,457	$188,776
MARY KOLOSKI	EVENTS DIRECTOR	40.00	Highest	$147,619	$15,164	$162,783
SEICHE SANDERS BARAG	PUBLICATIONS DIRECTOR	40.00	Highest	$135,267	$24,391	$159,658
LAUREN VON EUW	DIR, MEM & COMMUNITY, SR	40.00	Highest	$142,896	$15,470	$158,366
WANDA STURM	CHAIR	1.00	Officer Director	$0	$0	$0
TRACY OWENS	TREASURER	1.00	Officer Director	$0	$0	$0
DANI PICCIOTTI	CHAIR ELECT	1.00	Director	$0	$0	$0
FRANCISCO SANTOS	PAST CHAIR	1.00	Director	$0	$0	$0
BECKY RANZENBACH	DIRECTOR	1.00	Director	$0	$0	$0
DAN SNIEZEK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SMALL	DIRECTOR	1.00	Director	$0	$0	$0
FRANK MURDOCK	DIRECTOR	1.00	Director	$0	$0	$0
JOSE CARLOS FLORES-MOLINA	DIRECTOR	1.00	Director	$0	$0	$0
LISA EL-SHALL	DIRECTOR	1.00	Director	$0	$0	$0
NANCY NOUAIMEH	DIRECTOR	1.00	Director	$0	$0	$0
PETER MERRILL	DIRECTOR	1.00	Director	$0	$0	$0
POLLY LEBARRON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HERCZEG	DIRECTOR	1.00	Director	$0	$0	$0
SACHIN GARG	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
SHERONDA JEFFRIES	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE GAULDING	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN SCHUELKA	DIRECTOR	1.00	Director	$0	$0	$0
THERESE STEINER	DIRECTOR	1.00	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
2024	$26,584,425	$27,327,933	$42,415,897	$-743,508
2023	$24,966,943	$28,091,279	$45,923,782	$-3,124,336
2022	$23,411,564	$29,413,927	$48,690,919	$-6,002,363
2021	$29,481,453	$26,071,466	$58,190,445	$3,409,987
2020	$31,303,385	$26,114,805	$56,613,355	$5,188,580
2019	$38,807,998	$41,136,843	$51,158,126	$-2,328,845
2018	$45,516,733	$44,396,077	$52,762,047	$1,120,656