Southern Society for Coating Technology

EIN: 640838203

Hattiesburg, MS

Total Revenue
$165,034
Total Expenses
$193,365
Total Assets
$305,331
Net Assets
$305,331
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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
MS
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

EDUCATE MEMBERSHIP (PAINT AND COATING INDUSTRY ANNUAL TECHNICAL MEETING AND SSCT SECTION TECHNICAL MEETINGS).

Program Service Accomplishments

Program 1

Educate the Paint and Coating Industry by hosting an Annual Technical Conference and Technical Section Meetings. Awarding scholarships to the Membership's children attending a 2 or 4 year college.

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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 (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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
5
$43,550
Total Directors
18
$43,550
Key Employees
0
$0
Highest Compensated
0
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
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