SOCIETY OF EXPLOSIVES ENGINEERS INC (EIN 550566167) - 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

1975

Legal Domicile

Principal Officer

JOHN WATSON

Phone

4403494400

Tax Period

2023-10-01 to 2024-09-30

SOCIETY OF EXPLOSIVES ENGINEERS INC, founded in 1975, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.8M exceeded revenue, resulting in a 20% operating deficit.

Mission

ISEE'S MISSION IS TO ENHANCE THE SAFETY, SCIENCE, SKILL, AND BENEFITS OF EXPLOSIVES ENGINEERING, WORLDWIDE. WE'VE HELPED LAUNCH 45 LOCAL ISEE CHAPTERS AND STARTED EDUCATION INITIATIVES. MOST IMPORTANTLY, WE'VE BECOME A VOICE FOR THE ENTIRE INDUSTRY, BRIDGING THE GAP BETWEEN BLASTERS AND HOMEOWNERS AND LOBBYING GOVERNMENTS FOR CHANGE.

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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 $2,025,879

Investment Income $129,085

Other Revenue $148,325

TOTAL REVENUE $2,303,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $689,747

Fundraising Expenses $0

Other Expenses $2,073,973

TOTAL EXPENSES $2,763,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,303,289	$2,062,953	+0.1%
Expenses	$2,763,720	$2,366,486	+0.2%
Net Income	$-460,431	$-303,533	+0.5%

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

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

$199,836

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADEN T LUSK JR	PRESIDENT THRU FEB 2024	1.00	Officer Director	$0	$0	$0
JANEEN T SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTEN N KOLDEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN T WATSON	TREASURER	1.00	Officer Director	$0	$0	$0
TRAVIS A DAVIDSAVOR	SECRETARY	1.00	Officer Director	$0	$0	$0
ALASTAIR C TORRANCE	IMMEDIATE PAST PRES. THRU FEB 2024	1.00	Officer Director	$0	$0	$0
DOUG O HOY	DIRECTOR THRU DEC 2023	1.00	Director	$0	$0	$0
KRISTIE ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK DEAN	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SHASHI KANTH	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
ABRAHAM LINDO	DIRECTOR	1.00	Director	$0	$0	$0
CARA ROSEN	DIRECTOR	1.00	Director	$0	$0	$0
DOUG RUDENKO	DIRECTOR	1.00	Director	$0	$0	$0
TOM YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
FRANK LUCCA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PALANGIO JR	DIRECTOR	1.00	Director	$0	$0	$0
MATHEW SPINA	DIRECTOR	1.00	Director	$0	$0	$0
JOHAN GJODVAD	DIRECTOR THRU FEB 2024	1.00	Director	$0	$0	$0
BILLY OBERMIRE	DIRECTOR THRU FEB 2024	1.00	Director	$0	$0	$0
CESAR VELASCO	DIRECTOR THRU FEB 2024	1.00	Director	$0	$0	$0
TOBY WALLACE	DIRECTOR THRU FEB 2024	1.00	Director	$0	$0	$0
STEVEN B SHIVAK	EXECUTIVE DIRECTOR	40.00	Officer	$175,900	$23,936	$199,836
HIRANTHIE STANFORD	SR. DIR. OF CONFERENCE AND MEMBERS	40.00	Highest	$111,769	$3,783	$115,552

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	$2,303,289	$2,763,720	$3,170,321	$-460,431
2023	$2,062,953	$2,366,486	$3,387,665	$-303,533
2022	$1,715,112	$2,333,315	$3,497,864	$-618,203
2021	$883,170	$1,219,441	$4,366,061	$-336,271
2020	$1,888,691	$2,031,048	$3,983,125	$-142,357
2019	$2,016,031	$2,142,661	$4,276,119	$-126,630
2018	$2,006,633	$2,308,419	$4,380,705	$-301,786

SOCIETY OF EXPLOSIVES ENGINEERS INC