THE TAU BETA PI ASSOCIATION INC

EIN: 620479545 501(c)(3) Education

Knoxville, TN

Total Revenue
$5,002,078
Total Expenses
$3,829,514
Total Assets
$45,879,819
Net Assets
$43,419,863
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1885
Legal Domicile
TN
Principal Officer
CURTIS D GOMULINSKI
Phone
8655464578
Tax Period
2023-08-01 to 2024-07-31

THE TAU BETA PI ASSOCIATION INC, founded in 1885, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 23% operating margin.

Mission

As the only academic honor society that confers recognition on eligible individuals from all engineering disciplines, Tau Beta Pi recognizes those who have conferred honor upon their Alma Maters by distinguished scholarship and exemplary character as students in engineering, or by their attainments as alumni in the field of engineering, provides leadership and professional development training for engineering students and alumni members, and promotes lifelong alumnus member involvement and cultivates a community of dedicated high achievers.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,697,392
Program Service Revenue $813,534
Investment Income $1,518,772
Other Revenue $-27,620
TOTAL REVENUE $5,002,078

Expense Breakdown

Grants Paid $819,815
Salaries & Benefits $1,169,095
Fundraising Expenses $487,932
Program Expenses $3,209,940
Other Expenses $1,826,940
TOTAL EXPENSES $3,829,514

Year-over-Year Comparison

2023 2022 Change
Revenue $5,002,078 $4,553,297 +0.1%
Expenses $3,829,514 $3,755,609 +0.0%
Net Income $1,172,564 $797,688 +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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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
17
Volunteers
150

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
6
$124,506
Total Directors
13
$124,506
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Curtis Gomulinski Executive Director 50
Officer Director Highest
$110,724 $13,782 $124,506
Rachel Alexander Executive Councillor, 2023 President 5
Officer Director
$0 $0 $0
Ron Hickling Executive Councillor, 2023 Vice President, 2024 President 5
Officer Director
$0 $0 $0
Marla Peterson Executive Councillor, 2024 Vice President 5
Officer Director
$0 $0 $0
Michael Peterson Executive Councillor, 2023 Secretary 5
Officer Director
$0 $0 $0
Henry Houh Executive Councillor, 2024 Secretary 5
Director
$0 $0 $0
Michael Hand Executive Councillor, 2023-24 Treasurer 5
Officer Director
$0 $0 $0
Colleen Hill-Stramsak Executive Councillor 5
Director
$0 $0 $0
Ming De Lin Executive Councillor 5
Director
$0 $0 $0
Thomas Pinkham Executive Councillor 5
Director
$0 $0 $0
Joan Sciacca Executive Councillor 5
Director
$0 $0 $0
George Youssef Executive Councillor 5
Director
$0 $0 $0
Mennatoallah Youssef Executive Councillor 5
Director
$0 $0 $0
N/A Trustee 1
$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 $5,002,078 $3,829,514 $45,879,819 $1,172,564
2023 $4,553,297 $3,755,609 $41,075,860 $797,688
2022 $6,015,594 $3,027,556 $37,917,187 $2,988,038
2021 $4,633,459 $2,725,638 $43,758,884 $1,907,821
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