STEEL MANUFACTURERS ASSOCIATION

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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

Principal Officer

PHILIP K BELL

Phone

2022961515

Tax Period

2022-12-01 to 2023-11-30

STEEL MANUFACTURERS ASSOCIATION, founded in 1988, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2022. Expenses of $2.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE A FORUM FOR THE EXCHANGE OF INFORMATION ON TECHNICAL MATTERS AMONG MEMBER COMPANIES; TO DEVELOP AND SUPPORT PUBLIC POLICY POSITION CONSISTENT WITH THE INTERESTS OF ITS MEMBERS; SMA SERVES AS A SOURCE OF INFORMATION ON THE STEEL INDUSTRY TO SUPPLIERS, CUSTOMERS, AND VARIOUS GOVERNMENTAL ENTITIES.

Program Service Accomplishments

Program 1

THE ASSOCIATION PROVIDES A FORUM FOR THE EXCHANGE OF TECHNICAL AND OPERATIONS INFORMATION AMONG MEMBER COMPANIES.

Program 2

THE ASSOCIATION ASSISTS IN THE DEVELOPMENT OF PUBLIC POLICY POSITIONS CONSISTENT WITH THE INTERESTS OF ITS MEMBERS.

Program 3

THE ASSOCIATION SERVES AS A SOURCE OF INFORMATION ON THE STEEL INDUSTRY TO THE PUBLIC AND PRIVATE SECTORS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,159,063

Investment Income $50,182

Other Revenue $0

TOTAL REVENUE $2,209,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,401,800

Fundraising Expenses $0

Other Expenses $1,196,007

TOTAL EXPENSES $2,597,807

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,209,245	$2,213,663	0.0%
Expenses	$2,597,807	$1,942,980	+0.3%
Net Income	$-388,562	$270,683	-2.4%

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

N/A

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

$577,652

Total Directors

Key Employees

$408,950

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TY GARRISON	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES HRUSOVSKY	TREASURER	1.00	Officer Director	$0	$0	$0
MARK MILLETT	IMMEDIATE PAST CHAIR	0.50	Officer Director	$0	$0	$0
TOMMY OKADA	DIRECTOR	0.50	Director	$0	$0	$0
LENORE TRAMMELL	DIRECTOR	0.50	Director	$0	$0	$0
JONAS ALLEN	DIRECTOR	0.50	Director	$0	$0	$0
MATT RUCKWARDT	DIRECTOR	0.50	Director	$0	$0	$0
TOM MARRY	DIRECTOR	0.50	Director	$0	$0	$0
BRAD CORRAL	DIRECTOR	0.50	Director	$0	$0	$0
SKIP HERALD	DIRECTOR	0.50	Director	$0	$0	$0
CHIA YUAN WANG	DIRECTOR	0.50	Director	$0	$0	$0
DAVID SCHULTZ	DIRECTOR	0.50	Director	$0	$0	$0
TIM DILLON	DIRECTOR	0.50	Director	$0	$0	$0
JIM GRASSO	DIRECTOR	0.50	Director	$0	$0	$0
CRAIG MOORE	DIRECTOR	0.50	Director	$0	$0	$0
CONRAD WINKLER	DIRECTOR	0.50	Director	$0	$0	$0
GREG MURPHY	DIRECTOR	0.50	Director	$0	$0	$0
LUIS BARRENECHEA	DIRECTOR	0.50	Director	$0	$0	$0
CHUCK SCHMITT	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN MULLEN	DIRECTOR	0.50	Director	$0	$0	$0
SEAN CLAWGES	DIRECTOR	0.50	Director	$0	$0	$0
LUCA ZANOTTI	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
ERIC SHUSTER	DIRECTOR	0.50	Director	$0	$0	$0
LUIS GARCIA	DIRECTOR	0.50	Director	$0	$0	$0
PHILIP K BELL	PRESIDENT	50.00	Officer	$524,711	$52,941	$577,652
ERIC J STUART	VP, ENERGY & ENVIRONMENT	40.00	Key Emp	$202,705	$38,314	$241,019
PATRICK CAVANAGH	DIRECTOR OF GOVERNMENT AFFAIRS	40.00	Key Emp	$153,575	$14,356	$167,931

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	$2,209,245	$2,597,807	$2,944,912	$-388,562
2022	$2,213,663	$1,942,980	$2,916,076	$270,683
2021	$1,791,139	$1,805,536	$2,371,346	$-14,397
2020	$1,487,166	$1,330,790	$2,233,645	$156,376
2019	$2,207,621	$2,306,931	$1,925,081	$-99,310
2018	$1,927,195	$2,122,232	$2,110,838	$-195,037