National Barrel & Drum Assoc Inc
Nonprofit profile at a glance
- EIN
- 530191381
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Annapolis, MD, USA
- Phone
- 3015773786
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $884,085
- Expenses
- $879,327
- Assets
- $589,107
- Liabilities
- $101,312
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- PAUL RANKIN (PRESIDENT)
Highest reported compensation
- PAUL RANKIN (PRESIDENT): $293,564 total reported compensation
- CL PETTIT (TECHNICAL DIRECTOR): $122,100 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The association is primarily engaged in educating and informing members on state, federal, and international laws and regulations, and advancing the common welfare of the industrial packaging industry before congress and government agencies. Furthermore, the association is actively engaged in educating and informing members of technical, product, and commerce advancements and updates.
What it reported doing in 2024
Msds program - u.s. Regulations require employers to provide employees with access to "material safety data sheets" (msds) which contain safety and emergency aid information on hazardous substances encountered in the workplace. For the convenience of its members, for a fee that covers only actual costs, the organization provides members with access to a global computerized list of msds.
Operating model
- Revenue model
- Membership-supported. 78% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 39
- Accountability: 91
- Sustainability: 31
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.4%; rating input score 90
- Program expense ratio: 90.7%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0.5%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 0.67; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 47.3%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 37.9% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: -0.7% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -1% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 90.4% of revenue deployed · 90.7% of spending went to programs
- Governance: 87 of 87 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $798K in reported program spending
- Leadership: top reported pay $294K · 18 people listed · 0 of 6 pay-setting controls reported
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes foreign activity and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 38/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.