Southern Society for Coating Technology (EIN 640838203) - 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

1934

Legal Domicile

Phone

6013107687

Tax Period

2024-07-01 to 2025-06-30

Southern Society for Coating Technology, founded in 1934, is a small nonprofit that reported $165K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $193K exceeded revenue, resulting in a 17% operating deficit.

Mission

Provide educational seminars and technical conference relating to the paint and coatings 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,253

Program Service Revenue $142,980

Investment Income $9,801

Other Revenue $0

TOTAL REVENUE $165,034

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $43,550

Fundraising Expenses $0

Program Expenses $0

Other Expenses $144,815

TOTAL EXPENSES $193,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$165,034	$149,629	+0.1%
Expenses	$193,365	$153,042	+0.3%
Net Income	$-28,331	$-3,413	+7.3%

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

$43,550

Total Directors

$43,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN SEAY	Treasurer	1.0	Officer Director	$0	$0	$0
KIM CAMERON	Vice President	1.0	Officer Director	$0	$0	$0
Laura Fosselman	Executive Secretary & Director	24.0	Officer Director	$43,550	$0	$43,550
ROBERT BENNETT	Secretary	1.0	Officer Director	$0	$0	$0
Sara Nease	PRESIDENT	1.0	Officer Director	$0	$0	$0
BEN YORK	DIRECTOR	1.0	Director	$0	$0	$0
Christina Katrinak	DIRECTOR	1.0	Director	$0	$0	$0
Dan Haines	DIRECTOR	1.0	Director	$0	$0	$0
David Ecker	DIRECTOR	1.0	Director	$0	$0	$0
ERIC ROBBINS	DIRECTOR	1.0	Director	$0	$0	$0
JEFF SMYTHE	DIRECTOR	1.0	Director	$0	$0	$0
JEREMY LAUBERSHIMER	DIRECTOR	1.0	Director	$0	$0	$0
John Hyde	DIRECTOR	1.0	Director	$0	$0	$0
Kathy Elder	DIRECTOR	1.0	Director	$0	$0	$0
KIP SHARP	DIRECTOR	1.0	Director	$0	$0	$0
MARK STAACK	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL Proia	DIRECTOR	1.0	Director	$0	$0	$0
RENEE BYNUM	DIRECTOR	1.0	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	$165,034	$193,365	$305,331	$-28,331
2024	$149,629	$153,042	$325,929	$-3,413
2023	$158,307	$157,556	$333,366	$751
2022	$176,843	$151,038	$328,806	$25,805
2021	$108,712	$120,033	$368,029	$-11,321
2020	$52,605	$49,409	$354,654	$3,196
2019	$181,015	$230,989	$351,789	$-49,974

Southern Society for Coating Technology