AWS Foundation Incorporated

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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

1989

Legal Domicile

Principal Officer

Gesana Villegas

Phone

3054439353

Tax Period

2023-01-01 to 2023-12-31

AWS Foundation Incorporated, founded in 1989, is a mid-sized nonprofit in the Employment sector that reported $11.7M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.7M, a strong 58% operating margin.

Mission

THE AWS FOUNDATION WAS ESTABLISHED BY THE AMERICAN WELDING SOCIETY ON SEPTEMBER 13, 1989, TO SUPPORT PROGRAMS THAT ENSURE THE GROWTH AND DEVELOPMENT OF THE WELDING INDUSTRY THROUGH STRENGTHENING RESEARCH AND EDUCATIONAL OPPORTUNITIES IN WELDING AND RELATED INDUSTRIES.

Program Service Accomplishments

Program 1

Expenses: $3,743,439 Revenue: $0

GRANTS, SCHOLARSHIPS AND FELLOWSHIPS WERE AWARDED FOR THE STUDY OF WELDING AND RESEARCH IN WELDING TECHNIQUES.

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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 $8,623,317

Program Service Revenue $0

Investment Income $3,090,392

Other Revenue $0

TOTAL REVENUE $11,713,709

Expense Breakdown

Grants Paid $3,142,333

Salaries & Benefits $725,938

Fundraising Expenses $0

Program Expenses $3,743,439

Other Expenses $1,101,280

TOTAL EXPENSES $4,969,551

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,713,709	$9,544,699	+0.2%
Expenses	$4,969,551	$4,524,120	+0.1%
Net Income	$6,744,158	$5,020,579	+0.3%

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

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

$633,942

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GESANA VILLEGAS	CFO & CHIEF ADMIN OFFICER	2.0	Officer	$0	$19,431	$310,907
MONICA A PFARR	EXECUTIVE DIRECTOR, FOUNDATION	35.0	Officer	$0	$15,222	$201,216
ROBERT ROTH	INTERIM CEO	2.0	Officer	$0	$0	$121,819
BILL RICE	CHAIRMAN	2.0	Officer Director	$0	$0	$0
RICK RICHARDSON	VICE CHAIR	2.0	Officer Director	$0	$0	$0
MARY BIHRLE	TREASURER	2.0	Officer Director	$0	$0	$0
MICHAEL KRUPNICKI	TRUSTEE/AWS PRESIDENT	2.0	Director	$0	$0	$0
DAVID ABE	TRUSTEE	2.0	Director	$0	$0	$0
JOHN BRAY	TRUSTEE	2.0	Director	$0	$0	$0
CAREY CHEN	TRUSTEE	2.0	Director	$0	$0	$0
JEFF DECKROW	TRUSTEE	2.0	Director	$0	$0	$0
JENNY MCCALL	TRUSTEE	2.0	Director	$0	$0	$0
BOB PALI	TRUSTEE	2.0	Director	$0	$0	$0
ELIZABETH STROPKI	TRUSTEE	2.0	Director	$0	$0	$0
BILL VISINTAINER	TRUSTEE	2.0	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
2024	No data	No data	No data	No data
2023	$11,713,709	$4,969,551	$119,200,200	$6,744,158
2022	$9,544,699	$4,524,120	$97,809,189	$5,020,579
2021	$12,519,020	$3,183,330	$114,521,791	$9,335,690
2020	$5,423,051	$2,766,445	$98,696,688	$2,656,606
2019	$9,014,774	$3,336,261	$83,610,461	$5,678,513
2018	$7,098,348	$2,864,832	$67,459,674	$4,233,516