SOCIETY OF WOOD SCIENCE AND TECHNO… - Form 990 Financial Data

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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

1961

Legal Domicile

Phone

6085771342

Tax Period

2023-01-01 to 2023-12-31

SOCIETY OF WOOD SCIENCE AND TECHNOLOGY, founded in 1961, is a small nonprofit in the Education sector that reported $132K in total revenue in fiscal year 2023. Expenses of $238K exceeded revenue, resulting in a 81% operating deficit.

Mission

FOSTERING EDUCATIONAL PROGRAMS, PROMOTING RESEARCH, AND PROVIDING A MEDIUM OF EXCHANGE OF IDEAS AND TECHNICAL INFORMATION IN WOOD SCIENCE AND TECHNOLOGY IN ORDER TO EXPAND KNOWLEDGE RELATED TO WOOD SCIENCE AND TECHNOLOGY AND ITS CONNECTION TO THE PROTECTION OF OUR FORESTS.

Program Service Accomplishments

Program 1

Expenses: $119,418 Revenue: $78,349

ANNUAL AND REGIONAL CONVENTIONS FOR ALL MEMBERS AND NEW MEMBERS

Program 2

Expenses: $18,966

TRAVEL STIPENDS AND AWARD PAYMENTS

Program 3

Expenses: $16,376 Revenue: $30,438

PUBLISHING TWO SCIENTIFIC JOURNALS

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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 $9,396

Program Service Revenue $108,786

Investment Income $13,702

Other Revenue $0

TOTAL REVENUE $131,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,265

Fundraising Expenses $0

Program Expenses $154,760

Other Expenses $177,885

TOTAL EXPENSES $238,150

Year-over-Year Comparison

	2023	2022	Change
Revenue	$131,884	$136,921	0.0%
Expenses	$238,150	$209,675	+0.1%
Net Income	$-106,266	$-72,754	+0.5%

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

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

$57,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA HANEY	Executive Dir.	5.00	Director	$30,000	$0	$30,000
VICKI HERIAN	PAST TREASURER	5.00	Director	$27,300	$0	$27,300
OMAR ESPINOZA	Director	5.00	Director	$0	$0	$0
JUDITH GISSIP	Director	5.00	Director	$0	$0	$0
HONGMEI GU	Director	5.00	Director	$0	$0	$0
HENRY QUESADA	PAST PRESIDENT	5.00	Officer	$0	$0	$0
JEFFREY MORRELL	President	10.00	Officer	$0	$0	$0
ILONA PESZLEN	PRESIDENT ELECT	5.00	Officer	$0	$0	$0
FRANCESCO NEGRO	Vice President	5.00	Officer	$0	$0	$0
PIPIET LARASATIE	DIG COM COORD	5.00	Officer	$0	$0	$0
ERIC HANSEN	ED. BB JOURNAL	5.00	Officer	$0	$0	$0
ARIJIT SINHA	ASSOC. EDITOR	5.00	Officer	$0	$0	$0
MATTHEW SCHWARZKOPF	Director	5.00	Officer	$0	$0	$0
LILI CAI	Director	5.00	Officer	$0	$0	$0
MARIA FREDRIKSSON	Director	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
2024	No data	No data	No data	No data
2023	$131,884	$238,150	$535,587	$-106,266
2023	$131,884	$238,150	$355,822	$-106,266
2023	$29,218	$210,157	$284,776	$-180,939
2022	$136,921	$209,675	$571,301	$-72,754
2021	$95,257	$155,031	$675,451	$-59,774
2020	$102,294	$117,185	$607,360	$-14,891
2019	$221,199	$206,536	$548,875	$14,663
2018	$246,874	$244,459	$463,032	$2,415

SOCIETY OF WOOD SCIENCE AND TECHNOLOGY