EWI

What it reported doing in 2024

Midwest operations in edison welding institute's ("ewi") fiscal year ending june 30, 2025, ewi had over 400 individual projects, averaging $83,000 per project, and up to $6,300,000. Each project has vast degrees of technology deployed and advanced joining processes. See below for each area that ewi served. Space - ewi leads the way in developing and deploying advances in manufacturing for the space industry to reduce weight and cost, improve first-time quality, and speed up the development cycle compared to legacy manufacturing methods. Rail - improve the safety, fabrication, operation, maintenance, and repair of rails and equipment. Packaging - ewi's expertise in materials engineering, product design, and advanced joining technologies for manufacturing helps companies to cut waste, cut costs, and optimize production when developing packaging solutions. Medical - use materials engineering and joining technologies to cut waste, cut costs, and optimize production for package solutions. Heavy manufacturing - improve performance, safety, quality, and operational efficiency through manufacturing technology innovation. Consumer - accelerate product design and speed-to-market cycles through application of innovative materials, joining, and sealing technologies. Auto - stay competitive with innovations in light weighting and dissimilar materials joining. Air - increase production efficiencies, quality, and life-expectancy of joinery on aircrafts. Advanced energy - reduce consumption, meet new energy regulations, and get to market faster. Government - confidential client: ewi continues to support a wide range of government agency initiatives where manufacturing innovation is a key enabler to success. Ewi's expertise has enabled the development of novel material joining techniques to optimize and add flexibility to manufacturing processes, the implementation of novel monitoring techniques to improve component capabilities in metal additive manufacturing, and the generation of a roadmap of the most critical joining and forming challenges facing today's manufacturers. Ewi continues to be recognized as the thought leader when government agencies require manufacturing innovation expertise. Confidential client: ewi continues to work with a jet engine company on various methods of repairing jet engine components and assisting them in new part production. Ewi continued to work with this client on new ways to solve complex joining and manufacturing problems. Ewi does not manufacture any parts for on-wing applications. Joint sponsored projects: ewi leads a consortium of us industry and academic materials joining and forming organizations, developing the first comprehensive us "advanced joining and forming technology roadmap." this roadmap identifies and ranks challenges in order to prioritize research and development that provides competitive advantages with substantive national impact. Ewi guides a steering committee that unites stakeholders from industry, academia, professional societies, nonprofit research centers, technology providers, and regional economic development authorities around a common vision to develop innovative technology solutions to the nation's most important joining and forming challenges. Under the u.s. Department of commerce, ewi has been funded to develop advanced eddy current techniques for characterization of additively manufactured (am) materials - feedstock and solid am components before, during, and after fabrication. Ewi has directed a team of the most advanced engineering universities and innovative manufacturers in a collaborative effort for "in-situ process monitoring" for am fabrication that addresses high priority focus areas. The ewi team has addressed detailed, critical measurement science challenges, and identified and applied specific solutions for metal-based am. Training: for whatever technology need or challenge, ewi provides training tailored to fit. Ewi offers courses that provide engineers and techni

Financial Efficiency

• Mission deployment rate: 88.6%; rating input score 89
• Program expense ratio: 86.4%; rating input score 86
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 0%; rating input score 0; 4th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 57.1%; rating input score 57; 9th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -2.6%; rating input score 22; 22nd percentile among comparable filings
• Total-asset coverage ratio: 0.71; rating input score 25; 25th percentile among comparable filings
• Liabilities to assets ratio: 0.66; rating input score 19; 19th percentile among comparable filings
• Officer compensation ratio: 8.2%; rating input score 28; 28th percentile among comparable filings

Growth

• Program expense growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
• Revenue growth: 1.1% per year; rating input score 100; 13th percentile among comparable filings
• Asset growth: 1.3% per year; rating input score 100; 15th percentile among comparable filings