International Magnesium Association
Nonprofit profile at a glance
- EIN
- 131510700
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Minneapolis, MN, USA
- Phone
- 6513797305
- Rating confidence
- Limited
Reported finances
- Revenue
- $655,206
- Expenses
- $594,536
- Assets
- $819,022
- Liabilities
- $292,812
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- HARTMUT FISCHER (PRESIDENT)
- JAN GUY (VICE PRESIDENT)
- RICK MCQUEARY (EX-OFFICIO/PAST PRESIDENT)
- ANDREW SPEAR (EXECUTIVE VICE PRESIDENT)
People named in this filing
- HARTMUT FISCHER (PRESIDENT)
- JAN GUY (VICE PRESIDENT)
- NIC ANDREWS (SECRETARY/TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of this association is to promote the general welfare of the magnesium industry, of the members of the association, and all others affected thereby, to develop and increase the use and acceptance of magnesium and its alloys, and to engage in such other and further endeavors as shall increase the usefulness of the industry to the general public, and to do all things necessary therefor.
What it reported doing in 2024
The annual world conference took place in may 2024. The in-person conference provided educational content with panel and technical sessions. There was also an exhibit hall for attendees to meet with sponsors and exhibitors. There were about 200 attendees over the course of the three day event.
Operating model
- Revenue model
- Earned-program. 84% 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: 55
- Accountability: 76
- Sustainability: 56
- Growth: 60
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; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- 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: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 9.3%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 1.38; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 1.2% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 16 of 16 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $0 · 17 people listed
- Highest-paid contractors: 1 contractor listed · $166K reported
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules · includes major donors and foreign activity
- Filing history: 10 filing years from 2013 to 2024
- Contacts: How to reach this organization
- 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.