Pacific Lumber Inspection Bureau
Nonprofit profile at a glance
- EIN
- 910352790
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Federal Way, WA, USA
- Phone
- 2538353344
- Rating confidence
- Limited
Reported finances
- Revenue
- $4,926,082
- Expenses
- $5,129,822
- Assets
- $3,507,882
- Liabilities
- $976,198
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
32 people listed
Executive titles in this filing
- TYRONE KONECNY (VICE-PRESIDENT)
- JEFFREY FANTOZZI (PRESIDENT)
Highest reported compensation
- JEFFREY FANTOZZI (PRESIDENT): $311,714 total reported compensation
- SKEET ROMINGER (DIRECTOR OF QUALITY SERVICES): $146,034 total reported compensation
- BENJAMIN HAYNES (DIRECTOR OF OPERATIONS): $136,437 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To serve the interests of members and wood products customers, shippers and producers by providing uniform impartial product inspections in accordance with recognized published industry rules and standards and custom specifications between buyer and seller. To advance the use of wood products by taking a leadership role in the development and support of fair and reasonable rules, standards and regulations, and to support the industry and marketplace through development of first-class training and educational materials.
What it reported doing in 2024
Pacific lumber inspection bureau (plib) provides quality control inspection services for lumber and other lumber products in accordance with various north american and international product standards. Services include lumber grade stamping, grade certificates and grader training and certification at lumber manufacturing facilities, quality audits at glulam, cross laminated timbers, and truss manufacturing facilities and inspection and quality marking services at ispm 15 certified wood packaging facilities. Plib also provides heat treating (ht) certification and ht stamping services for sawmills, dry kilns and remanufacturers. Services provided to members and subscribers as well as non-members and the general public at cost. Plib provides these services in north america and europe.plib is accredited by the american lumber standards committee and the canadian lumber standards accreditation board and operates some programs through an mou with usda aphis. Plib publishes and distributes the "standard no. 18 grading rules for west coast lumber and the "export r list grading and dressing rules" for export lumber. Plib owns the trademarks, copyrights and tradenames of "west coast lumber inspection bureau (wclib) and "american institute of timber construction" (aitc).
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating 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: 50
- Accountability: 95
- Sustainability: 24
- 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: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- 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; 6th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.1%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 0.68; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 18.7%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.9% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 20th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 22 of 22 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $312K · 32 people listed · 3 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes foreign activity and executive pay
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 6 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
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.
- High — Sustainability: Operating margin scored 22/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.