THE ASSOCIATION FOR MANUFACTURING … - 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

1902

Legal Domicile

Principal Officer

DOUGLAS K WOODS

Phone

7038932900

Tax Period

2023-01-01 to 2023-12-31

THE ASSOCIATION FOR MANUFACTURING TECHNOLOGY, founded in 1902, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $22.0M exceeded revenue, resulting in a 223% operating deficit.

Mission

THE ASSOCIATION FOR MANUFACTURING TECHNOLOGY'S MEMBERS STRIVE TO BE GLOBAL LEADERS IN INNOVATING, PRODUCING, AND IMPLEMENTING ADVANCED MANUFACTURING TECHNOLOGY. IN SUPPORT OF ITS MEMBERS, AMT WILL BE AN ACTIVE PARTNER IN THE ADVANCEMENT OF MANUFACTURING TECHNOLOGY AND IN THE SUCCESS OF OUR MEMBERS' BUSINESSES. AS THAT ACTIVE PARTNER, AMT WILL FACILITATE NETWORKING, COLLABORATION, TECHNOLOGY AWARENESS, BUSINESS OPPORTUNITIES, AND PRODUCTIVITY SOLUTIONS. ALSO, WE WILL ADVOCATE FOR A FAVORABLE ENVIRONMENT FOR THE MANUFACTURING TECHNOLOGY INDUSTRY.

Program Service Accomplishments

Program 1

AMT CONTINUED ITS EFFORTS INTO MEMBER OUTREACH, HELPING MEMBER COMPANIES FIND NEW MARKETS, NEW CUSTOMERS, AND NEW APPROACHES FOR MARKETING THEIR PRODUCTS AND SERVICES. ALL THREE ESTABLISHED TECH...

AMT CONTINUED ITS EFFORTS INTO MEMBER OUTREACH, HELPING MEMBER COMPANIES FIND NEW MARKETS, NEW CUSTOMERS, AND NEW APPROACHES FOR MARKETING THEIR PRODUCTS AND SERVICES. ALL THREE ESTABLISHED TECH CENTERS (ONE EACH IN CHINA, MEXICO AND INDIA) CONTINUE TO ASSIST A GROWING NUMBER OF MEMBER COMPANIES PURSUING INTERNATIONAL MARKETS BY PROVIDING PROXY HIRE SERVICES, OFFICE SPACE, SERVICE TECHNICIANS, AND OTHER SERVICES TO U.S. MEMBERS OPERATING IN THOSE COUNTRIES.

Program 2

AMT CONDUCTS MEETINGS, SEMINARS AND LEADERSHIP FORUMS TO SUPPORT AND GROW THE MANUFACTURING TECHNOLOGY INDUSTRY.

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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 $0

Program Service Revenue $6,323,415

Investment Income $472,850

Other Revenue $4,898

TOTAL REVENUE $6,801,163

Expense Breakdown

Grants Paid $37,500

Salaries & Benefits $11,755,110

Fundraising Expenses $0

Other Expenses $10,198,979

TOTAL EXPENSES $21,991,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,801,163	$45,995,050	-0.9%
Expenses	$21,991,589	$33,231,813	-0.3%
Net Income	$-15,190,426	$12,763,237	-2.2%

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

$1,126,018

Total Directors

Key Employees

$420,456

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BAILEY	EX-OFFICIO	1.00	Director	$0	$0	$0
PAUL RICARD	EX-OFFICIO	1.00	Director	$0	$0	$0
DANIEL JANKA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL CICCO	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREG VOLOVIC	SECRETARY	1.00	Officer Director	$0	$0	$0
GREGORY BUCK	TREASURER	1.00	Officer Director	$0	$0	$0
BLAKE CONSDORF	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM EICHELE	DIRECTOR	1.00	Director	$0	$0	$0
GLYNN FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE LANG	DIRECTOR (AS OF 04/2023)	1.00	Director	$0	$0	$0
CHIP STORIE	DIRECTOR	1.00	Director	$0	$0	$0
RAJAS SUKTHANKAR	DIRECTOR (AS OF 04/2023)	1.00	Director	$0	$0	$0
DOUGLAS K WOODS	PRESIDENT	35.50	Officer	$695,771	$36,197	$731,968
REBECCA STAHL	CHIEF FINANCIAL OFFICER	35.50	Officer	$361,793	$32,257	$394,050
PETER R EELMAN	CHIEF EXPERIENCE OFFICER	37.50	Key Emp	$380,769	$39,687	$420,456
TRAVIS EAGAN	CHIEF REVENUE OFFICER	37.50	Highest	$356,145	$30,778	$386,923
CHRISTINE RASUL	VP - INDUSTRY ENGAGEMENT	37.50	Highest	$283,753	$37,444	$321,197
GEORGE SHINBARA JR	CTO	37.50	Highest	$288,426	$28,424	$316,850
RYAN KELLY	GM - SF TECH LAB	37.50	Highest	$264,577	$39,297	$303,874
EDWARD CHRISTOPHER III	VP - GLOBAL SERVICES	37.50	Highest	$246,825	$25,701	$272,526

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	$6,801,163	$21,991,589	$50,790,009	$-15,190,426
2022	$45,995,050	$33,231,813	$50,991,080	$12,763,237
2021	$7,983,774	$19,169,978	$46,538,427	$-11,186,204
2020	$36,455,513	$20,377,119	$48,482,820	$16,078,394
2019	$8,844,666	$22,356,241	$32,786,452	$-13,511,575
2018	$49,295,468	$33,603,162	$33,952,912	$15,692,306

THE ASSOCIATION FOR MANUFACTURING TECHNOLOGY