SOCIETY OF PHOTO OPTICAL INSTRUMENTATION ENGINEERS (EIN 952142678) - 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

1955

Legal Domicile

Principal Officer

Brad Ferguson

Phone

3606763290

Tax Period

2024-01-01 to 2024-12-31

SOCIETY OF PHOTO OPTICAL INSTRUMENTATION ENGINEERS, founded in 1955, is a mid-sized nonprofit that reported $59.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $53.3M left a modest 11% surplus.

Mission

SPIE is an international nonprofit technical society dedicated to advancing scientific research and engineering applications of optical, photonic, imaging and optoelectronic technologies through its meetings, education programs and publications

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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 $15,034

Program Service Revenue $51,762,549

Investment Income $6,888,738

Other Revenue $1,069,203

TOTAL REVENUE $59,735,524

Expense Breakdown

Grants Paid $2,951,440

Salaries & Benefits $23,330,499

Fundraising Expenses $0

Program Expenses $32,071,071

Other Expenses $26,969,818

TOTAL EXPENSES $53,251,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,735,524	$52,668,388	+0.1%
Expenses	$53,251,757	$51,312,414	+0.0%
Net Income	$6,483,767	$1,355,974	+3.8%

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

210

Volunteers

8684

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

$1,296,043

Total Directors

$23,483

Key Employees

$1,286,679

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kent Rochford	Chief Executive Officer	36	Officer	$745,620	$77,019	$822,639
Bradley Ferguson	COO & COFO	36	Officer	$372,156	$84,055	$456,211
Scott C H Ritchey	Sr Director, Information Technology	36	Key Emp	$321,252	$81,439	$402,691
Andrew Brown	Sr Director, Events & Global Business Development	36	Key Emp	$253,924	$76,149	$330,073
Jeffrey Nichols	Director, Sales	36	Highest	$219,008	$68,378	$287,386
Allison Romanyshyn	Sr Director, Community Engagement, Chief Inclusion Officer	36	Key Emp	$215,801	$68,023	$283,824
Patrick Franzen	Director, Publications and Platform	36	Highest	$208,191	$65,688	$273,879
Marilyn Gorsuch	Sr Director, Technical Programs	36	Key Emp	$234,248	$35,843	$270,091
Robert F Hainsey	Director, Science & Technology	36	Highest	$224,668	$44,984	$269,652
Lara Miles	Director, Business Services, Systems & Data Governance	36	Highest	$221,352	$39,920	$261,272
Peter Hallett	Director, Marketing & Industry Relations	36	Highest	$198,803	$26,396	$225,199
Julie L Bentley	Vice President	1	Officer Director	$9,055	$0	$9,055
Bernard Kress	Past President	1	Officer Director	$8,138	$0	$8,138
Daewook Kim	Director	1	Director	$3,472	$0	$3,472
Jessica DeGroote Nelson	Director	1	Director	$2,389	$0	$2,389
Laura Waller	Director	1	Director	$429	$0	$429
Jennifer Barton	President	4	Officer Director	$0	$0	$0
Jim McNally	Secretary/Treasurer	1	Officer Director	$0	$0	$0
Allison Barto	Director	1	Director	$0	$0	$0
Audrey Bowden	Director	1	Director	$0	$0	$0
Rebecca Fahrig	Director	1	Director	$0	$0	$0
David Hagan	Director	1	Director	$0	$0	$0
Gong-Ru Lin	Director	1	Director	$0	$0	$0
Paul Montgomery	Director	1	Director	$0	$0	$0
Miles Padgett	Director	1	Director	$0	$0	$0
William Roach	Director	1	Director	$0	$0	$0
Samuel Achilefu	Director	1	Director	$0	$0	$0
Peter de Groot	President-Elect	1	Officer Director	$0	$0	$0
Keisuke Goda	Director	1	Director	$0	$0	$0
Agnes Hubscher	Director	1	Director	$0	$0	$0
Michelle Lynn Stock	Director	1	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	$59,735,524	$53,251,757	$150,848,856	$6,483,767
2023	$52,668,388	$51,312,414	$136,740,026	$1,355,974
2022	$36,576,887	$46,877,020	$123,692,057	$-10,300,133
2021	$33,050,614	$35,580,999	$144,509,119	$-2,530,385
2020	$46,847,935	$42,530,543	$137,270,634	$4,317,392
2019	$49,123,253	$45,912,812	$138,103,432	$3,210,441
2018	$48,417,722	$41,885,032	$120,671,536	$6,532,690

SOCIETY OF PHOTO OPTICAL INSTRUMENTATION ENGINEERS