SOCIETY FOR MINING METALLURGY & EXPLORATION (SME) (EIN 742338444) - 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

1871

Legal Domicile

Principal Officer

DAVID L KANAGY

Phone

3039484277

Tax Period

2023-10-01 to 2024-09-30

SOCIETY FOR MINING METALLURGY & EXPLORATION (SME), founded in 1871, is a mid-sized nonprofit in the Science & Technology sector that reported $18.6M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $16.6M left a modest 11% surplus.

Mission

BUILDING A BETTER WORLD THROUGH MINING, METALLURGY AND UNDERGROUND CONSTRUCTION.

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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 $1,882,781

Program Service Revenue $13,516,013

Investment Income $1,343,576

Other Revenue $1,891,687

TOTAL REVENUE $18,634,057

Expense Breakdown

Grants Paid $670,299

Salaries & Benefits $6,139,622

Fundraising Expenses $255,075

Program Expenses $14,819,321

Other Expenses $9,832,264

TOTAL EXPENSES $16,642,185

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,634,057	$14,919,073	+0.2%
Expenses	$16,642,185	$15,397,803	+0.1%
Net Income	$1,991,872	$-478,730	-5.2%

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

736

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

$1,119,568

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC HERPFER	PRESIDENT	2.00	Director	$0	$0	$0
MARC LE VIER	PAST PRESIDENT	2.00	Director	$0	$0	$0
BILL HANCOCK	PRESIDENT-ELECT	2.00	Director	$0	$0	$0
RICHARD LAMBERT	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
BARBARA NIELSEN	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
MATT BLATTMAN	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
JAYSON RIPKE	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
COURTNEY YOUNG	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
JUSTIN ANDERSON	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
JERRY GAUNTT	DIRECTOR AT LARGE (THROUGH 2/29/24)	2.00	Director	$0	$0	$0
CATHERINE JOYNER	DIRECTOR AT LARGE (THROUGH 2/29/24)	2.00	Director	$0	$0	$0
RONALD PARRATT	PAST PRESIDENT (THROUGH 2/29/24)	0.00	Director	$0	$0	$0
DAVID L KANAGY	EXECUTIVE DIRECTOR	45.00	Officer	$615,207	$42,773	$657,980
MELANIE PENOYAR-PEREZ	CHIEF OPERATING OFFICER	45.00	Officer	$217,030	$23,684	$240,714
MICHELLE KROEGER	CHIEF FINANCIAL OFFICER	45.00	Officer	$198,326	$22,548	$220,874
CORINNE KNASINSKI	DIRECTOR OF MEETINGS	40.00	Highest	$156,273	$33,855	$190,128
KARIN HARRINGTON	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$162,784	$20,264	$183,048
TARA DAVIS	DIRECTOR OF PROGRAMMING	40.00	Highest	$157,106	$29,068	$186,174
CHRISTOPHER RYCKELEY	MANAGER OF WEB DEVELOPMENT	40.00	Highest	$142,040	$14,682	$156,722
EMMA SALDITT	MANAGER OF PARTNERSHIP DEVELOPMENT	40.00	Highest	$139,742	$15,830	$155,572

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	$18,634,057	$16,642,185	$41,310,190	$1,991,872
2023	$14,919,073	$15,397,803	$33,994,747	$-478,730
2022	$12,383,418	$13,639,447	$32,808,531	$-1,256,029
2021	$10,135,068	$9,154,816	$38,262,631	$980,252
2020	$10,504,850	$11,069,291	$34,693,495	$-564,441
2019	$13,148,369	$13,221,207	$34,585,175	$-72,838
2018	$10,201,902	$10,389,342	$34,083,883	$-187,440

SOCIETY FOR MINING METALLURGY & EXPLORATION (SME)