STEEL JOIST INSTITUTE

EIN: 530176671

FLORENCE, SC

Total Revenue
$1,324,207
Total Expenses
$1,037,733
Total Assets
$1,399,437
Net Assets
$1,396,463
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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
1937
Legal Domicile
SC
Principal Officer
KENNETH CHARLES
Phone
8434074091
Tax Period
2024-01-01 to 2024-12-31

STEEL JOIST INSTITUTE, founded in 1937, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $286K, a strong 22% operating margin.

Mission

TO DEVELOP, ESTABLISH AND MAINTAIN STANDARDS FOR THE DESIGN, MANUFACTURE AND ERECTION OF STEEL JOISTS, TO PROMOTE AND ASSIST IN THE DEVELOPMENT OF AND ERECTION OF STEEL JOISTS. TO PROMOTE AND ASSIST IN THE DEVELOPMENT OF BUILDING CODE REGULATIONS FOR STEEL JOIST STANDARDS AND TO DISSEMINATE INFORMATION RELATIVE TO THE PROPER USE OF STANDARD STEEL JOISTS IN THE INTEREST OF PUBLIC SAFETY. TO AID AND PROMOTE BY LAWFUL MEANS THE USE OF STANDARD JOISTS AND BETTERMENT OF THE STEEL JOIST INDUSTRY, TO SERVE AS THE REGULATORY BODY FOR THE STEEL JOIST 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $879,342
Program Service Revenue $391,836
Investment Income $53,029
Other Revenue $0
TOTAL REVENUE $1,324,207

Expense Breakdown

Grants Paid $0
Salaries & Benefits $195,124
Fundraising Expenses $0
Program Expenses $695,650
Other Expenses $842,609
TOTAL EXPENSES $1,037,733

Year-over-Year Comparison

2024 2023 Change
Revenue $1,324,207 $1,108,545 +0.2%
Expenses $1,037,733 $1,026,938 +0.0%
Net Income $286,474 $81,607 +2.5%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
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
5
$138,333
Total Directors
5
$138,333
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM HOLTERMANN PRESIDENT 5.00
Officer Director
$0 $0 $0
KEITH JUEDEMANN FIRST VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JEFF COKER SECOND VICE PREIDENT 5.00
Officer Director
$0 $0 $0
PAUL O'CONNOR IMMEDIATE PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
KEN CHARLES MANAGING DIRECTOR 40.00
Officer Director
$138,333 $0 $138,333
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 $1,324,207 $1,037,733 $1,399,437 $286,474
2022 $1,070,351 $1,089,100 $1,002,836 $-18,749
2021 $970,121 $820,204 $1,092,464 $149,917
2020 $835,259 $874,476 $962,383 $-39,217
2020 $835,259 $874,476 $962,383 $-39,217
2019 $863,433 $764,886 $961,481 $98,547
2018 $798,346 $703,255 $862,934 $95,091
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