AMERICAN INSTITUTE OF MINING METAL… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

Barbette Barlow

Phone

9252756626

Tax Period

2024-01-01 to 2024-12-31

AMERICAN INSTITUTE OF MINING METALLURGICAL AND PETROLEUM ENGINEERS INC, founded in 2016, is a community nonprofit in the Science & Technology sector that reported $2.0M in total revenue in fiscal year 2024. Net assets of $12.6M represent 76 months of operating reserves.

Mission

AIME SUPPORTS ITS MEMBER SOCIETIES BY EXERCISING FISCAL RESPONSIBILITY, DISTRIBUTING FUNDS, FACILITATING INTERACTION WITH THE COMMUNITY, (CONTINUED ON SCH 0)

Program Service Accomplishments

Program 1

Expenses: $1,495,671 Revenue: $1,402,757

AIME provides grants to encourage collaboration among the member SOCIETIES AND SUPPORT EFFORTS THAT CUT ACROSS ALL DISCIPLINES.

Program 2

Expenses: $292,927

AIME provides support to the Member Societies for their award of scholarships, as well as certain medals and awards, including honorary membership. MANY AWARDS CARRY THE NAMESAKE OF ICONS WITHIN THE AIME DISCIPLINES OF MINING, METALLURGICAL, AND PETROLEUM ENGINEERING, THE STEEL AND IRON INDUSTRY, AND MATERIALS SCIENCE. AIME ALSO PROVIDES THE MEMBER SOCIETIES THE ANNUAL INCOME FROM ENDOWMENT FUNDS TO SUPPORT SPECIFIC PROGRAMS SUCH AS DISTINGUISHED LECTURERS, STUDENTS, YOUNG PROFESSIONALS, AND THE TECHNICAL LIBRARIES.

Program 3

Expenses: $51,330

AIME has a unique position in the engineering and scientific communities; IT IS A LIAISON BETWEEN ITS MEMBER SOCIETIES AND THE RELEVANT ENGINEERING AND SCIENTIFIC communities. AIME represents its...

AIME has a unique position in the engineering and scientific communities; IT IS A LIAISON BETWEEN ITS MEMBER SOCIETIES AND THE RELEVANT ENGINEERING AND SCIENTIFIC communities. AIME represents its member societies at joint functions and connects THEM TO THE COMMUNITIES, SHARING BEST PRACTICES, AND SUPPORTING OTHER COLLABORATIVE EFFORTS TO WORK JOINTLY FOR THE GREATER GOOD OF THE PROFESSION AND SOCIETY AS A WHOLE. LINE 4d, PROGRAM SERVICE ------------------------- Legacy preservation & promotion: AIME LEADS SPECIAL PROJECTS TO HONOR AND ENHANCE THE LEGACY OF THE MINING AND METALLURGICAL INDUSTRY, INCLUDING THE ARCHIVE AND PRESERVATION OF ARTIFACTS, HISTORICAL INFORMATION SHARING ON MILESTONES, AND THE CAPTURE AND RECOGNITION OF RELATED, ORAL HISTORY.

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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 $3,296

Program Service Revenue $1,402,757

Investment Income $561,624

Other Revenue $20,908

TOTAL REVENUE $1,988,585

Expense Breakdown

Grants Paid $1,785,271

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,839,928

Other Expenses $282,526

TOTAL EXPENSES $2,067,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,988,585	$2,012,585	0.0%
Expenses	$2,067,797	$2,100,276	0.0%
Net Income	$-79,212	$-87,691	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Holm Presto 0824	Past President (From 08/24)	4.0	Officer Director	$0	$0	$0
Steve Gardner PreselectTreas	(to 08/24) Pres.(from 08/24)	4.0	Officer Director	$0	$0	$0
Ronald O'Malley Pres-elect	DESIGN 8-24,Treas.(from 08/24)	4.0	Officer Director	$0	$0	$0
Simon Seaton	Trustee	4.0	Director	$0	$0	$0
Dave Kanagy	Trustee	4.0	Director	$0	$0	$0
Shauna Noonan President-Elect	Designate (from 08/24)	4.0	Officer Director	$0	$0	$0
Ronald Ashburn	Trustee	4.0	Director	$0	$0	$0
Jim Robinson	Trustee	4.0	Director	$0	$0	$0
Jennifer Miskimins	Past President (to 08/2024)	4.0	Officer Director	$0	$0	$0
Barbette Barlow	Exec. Director (From 06/2024)	4.0	Officer	$0	$0	$0
John Ehrig	Executive Director (TO 6/2024)	4.0	Officer	$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	$1,988,585	$2,067,797	$12,669,782	$-79,212
2023	$2,012,585	$2,100,276	$12,011,632	$-87,691
2022	$2,339,112	$1,828,992	$11,233,526	$510,120

AMERICAN INSTITUTE OF MINING METALLURGICAL AND PETROLEUM ENGINEERS INC