American Association of Woodturners
Nonprofit profile at a glance
- EIN
- 453809279
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- St Paul, MN, USA
- Phone
- 6514849094
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Visual Arts Organizations
Reported finances
- Revenue
- $1,894,120
- Expenses
- $1,848,510
- Assets
- $2,582,789
- Liabilities
- $757,290
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MIKE SUMMERER (PRESIDENT)
- RONALD DAY (VICE PRESIDENT)
- JENNIFER NEWBERG (EXECUTIVE DIRECTOR)
Highest reported compensation
- JENNIFER NEWBERG (EXECUTIVE DIRECTOR): $101,535 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to provide education, information, and organization to those interested in woodturning - a branch of woodworking centered around using the lathe to shape wood. The results range from the familiar to the profound: everything from decorative and functional bowls, boxes and vessels to furniture and architectural spindles, toys, tools, musical instruments, and even sculptural art. Members of the aaw include professionals, amateurs, gallery owners, collectors and wood and tool suppliers.
What it reported doing in 2024
The aaw is the leading trusted resource in woodturning education and executing our strategy to become the premier world-wide woodturning educator. The aaw publishes a high-quality educational journal, american woodturner, which is distributed to all members. Content covers a broad range of topics important to the woodturning community. The aaw is also heavily vested in the digital learning space enabling access to nearly 40 years of intellectual properties.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 88
- Accountability: 95
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.3%; rating input score 64
- Program expense ratio: 64.1%; rating input score 64
- Fundraising efficiency: $0.44 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 92.2%; rating input score 92; 40th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.4%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 1.4; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 5.5%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 0.1% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 8.3% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 64.3% of revenue deployed · 64.1% of spending went to programs
- Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $1.2M in reported program spending
- Leadership: top reported pay $102K · 12 people listed
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 2/100.
- Moderate — Sustainability: Operating margin scored 43/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.