Institute for Thermal Processing Specialists (EIN 541238221) - 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

1982

Principal Officer

Christy Himel

Phone

5044081356

Tax Period

2024-04-01 to 2025-03-31

Institute for Thermal Processing Specialists, founded in 1982, is a small nonprofit that reported $377K in total revenue in fiscal year 2024. The organization ran a surplus of $85K, a strong 23% operating margin.

Mission

To provide leadership and education for thermal processing specialists to enhance awareness and ensure public health safety by using the knowledge of a diverse membership through communication, networking research, and establishing best practices.

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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 $46,315

Program Service Revenue $330,690

Investment Income $81

Other Revenue $0

TOTAL REVENUE $377,086

Expense Breakdown

Grants Paid $6,991

Salaries & Benefits $81,495

Fundraising Expenses $0

Program Expenses $195,565

Other Expenses $203,172

TOTAL EXPENSES $291,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,086	$353,557	+0.1%
Expenses	$291,658	$307,019	-0.1%
Net Income	$85,428	$46,538	+0.8%

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

557

Independent Members

557

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

$81,495

Total Directors

$38,623

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Christy Himel	Mgr/Secretary	Officer	$42,872	$0	$42,872
Kenneth Swartzel	Director	Officer Director	$38,623	$0	$38,623
Corpus Perez	Chair/President	Officer Director	$0	$0	$0
Dana Busch	Director	Director	$0	$0	$0
Karen Brown	Treasurer	Officer Director	$0	$0	$0
Jason Enfield	Director	Director	$0	$0	$0
Russell Morgan	Director	Director	$0	$0	$0
Dr Ram Pandit	Vice President	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
2025	$377,086	$291,658	$588,553	$85,428
2024	$353,557	$307,019	$498,074	$46,538
2023	$233,707	$303,386	$451,536	$-69,679

Institute for Thermal Processing Specialists