SOUTHERN ASSOCIATION OF STEEL FABRICATORS INC (EIN 720726362) - 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

1997

Principal Officer

VERNON THOMAS

Phone

4047661631

Tax Period

2025-01-01 to 2025-12-31

SOUTHERN ASSOCIATION OF STEEL FABRICATORS INC, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $460K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $427K left a modest 7% surplus.

Mission

PROMOTE STEEL FABRICATION INDUSTRY AND PROVIDE EDUCATION AND TRAINING FOR ITS MEMBERS, PROVIDE SCHOLARSHIPS AND INTERNSHIPS FOR FUTURE STEEL FABRICATORS

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,725

Program Service Revenue $454,765

Investment Income $1,154

Other Revenue $0

TOTAL REVENUE $459,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $426,851

TOTAL EXPENSES $426,851

Year-over-Year Comparison

	2025	2024	Change
Revenue	$459,644	$410,200	+0.1%
Expenses	$426,851	$376,865	+0.1%
Net Income	$32,793	$33,335	0.0%

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

N/A

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
RUSSELL BLOCKER	PRESIDENT	N/A	Officer	$0	$0	$0
SAM BOYKIN	IMMEDIATE PA	N/A	Officer	$0	$0	$0
CHET MCPHATTER	VICE PRESIDE	N/A	Officer	$0	$0	$0
RALPH PARRISH	SECRETARY/TR	N/A	Officer	$0	$0	$0
DAN SMITH	DIRECTOR	N/A	Officer	$0	$0	$0
PAUL STUTZ	DIRECTOR	N/A	Officer	$0	$0	$0
JOE TANNEHILL	DIRECTOR	N/A	Officer	$0	$0	$0
VERNON THOMAS	EXECUTIVE DI	N/A	Officer	$0	$0	$0
GABE TILLEY	DIRECTOR	N/A	Officer	$0	$0	$0
MAX TURNER	DIRECTOR	N/A	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
2025	$459,644	$426,851	$185,620	$32,793
2024	No data	No data	No data	No data
2023	$327,708	$318,862	$119,492	$8,846
2022	$238,885	$251,811	$110,646	$-12,926
2021	$245,868	$239,648	$123,572	$6,220
2020	$174,107	$158,921	$117,352	$15,186
2019	$209,009	$194,667	$102,166	$14,342

SOUTHERN ASSOCIATION OF STEEL FABRICATORS INC