NATIONAL SLAG ASSOCIATION (EIN 530116335) - Form 990 Financial Analysis & Trantor Score

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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

1918

Legal Domicile

Phone

6108575356

Tax Period

2024-01-01 to 2024-12-31

NATIONAL SLAG ASSOCIATION, founded in 1918, is a small nonprofit that reported $967K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $217K, a strong 22% operating margin.

Mission

TO PROMOTE AND STIMULATE THE USE OF IRON AND STEEL SLAG CONSISTENT WITH THE PUBLIC INTEREST AND PERFORM DESIRABLE AND LAWFUL FUNCTIONS NECESSARY FOR THE ASSOCIATION.

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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 $967,490

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $967,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,143

Fundraising Expenses $0

Other Expenses $516,080

TOTAL EXPENSES $750,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$967,490	$608,068	+0.6%
Expenses	$750,223	$744,524	+0.0%
Net Income	$217,267	$-136,456	-2.6%

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

$188,535

Total Directors

$188,535

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES OCHOLA	President	40.00	Officer Director	$188,535	$0	$188,535
JOE BURKEY	Director	0.00	Director	$0	$0	$0
RUSS BURKE	Chairman	0.00	Officer Director	$0	$0	$0
TOM GREEN	Director	0.00	Director	$0	$0	$0
EDWARD LEVY	Director	0.00	Director	$0	$0	$0
EVAN WEINER	Director	0.00	Director	$0	$0	$0
MIKE COSTA	Secretary	0.00	Officer Director	$0	$0	$0
CARL ERICKSON	Director	0.00	Director	$0	$0	$0
CHARLES COOK	Treasurer	2.00	Officer Director	$0	$0	$0
JEFF MELLEN	Vice Chairman	0.00	Officer Director	$0	$0	$0
GLENN HUNDERTMARK	Director	10.00	Director	$0	$0	$0
STEVEN HALL	Director	2.00	Director	$0	$0	$0
RAYMOND KALOUCHE	Director	0.00	Director	$0	$0	$0
MARK WHALEN	Director	0.00	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	$967,490	$750,223	$536,796	$217,267
2023	$608,068	$744,524	$329,219	$-136,456
2022	$690,134	$759,955	$458,248	$-69,821
2021	$671,596	$557,535	$518,956	$114,061
2020	$537,875	$309,308	$404,887	$228,567
2019	$505,093	$408,798	$176,547	$96,295
2018	$460,448	$443,914	$80,000	$16,534

NATIONAL SLAG ASSOCIATION