American Association of Woodturners Inc
Nonprofit profile at a glance
- EIN
- 742416299
- IRS 990 coverage
- 2012–2012
- Forms available
- Form 990 2012, Form 990-N 2009
- Location
- St Paul, MN, USA
- Phone
- 6514849094
- Rating confidence
- Limited
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $200,014
- Expenses
- $208,360
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
14 people listed
Source: IRS Form 990. Selected filing: tax year 2012. 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, even sculptural art. Members of the aaw include professionals, amateurs, gallery owners, collectors and wood and tool suppliers.
What it reported doing in 2012
The aaw international symposium, held in san jose, California in june was attended by 1,365 members. Held over three days, this annual event is the world's largest gathering of woodturning enthusiasts and offers a premier learning opportunity for woodturners. The symposium occurred after the merger between american association of woodturners, inc. (EIN 74-2416299) and american association of woodturners (EIN 45-3809279). The revenues from this event are included on the successor organization's return.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 86
- Sustainability: 20
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.2%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 2.8%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $110K in reported program spending
- Leadership: top reported pay $4K · 14 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.