Society for Industrial and Applied Mathematics

Nonprofit profile at a glance

EIN
231496016
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Philadelphia, PA, USA
Phone
2153829800
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public, Societal Benefit

Official website

Reported finances

Revenue
$17,724,481
Expenses
$17,877,072
Assets
$61,103,168
Liabilities
$11,373,685

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

29 people listed

Executive titles in this filing

  • CAROL WOODWARD (PRESIDENT ELECT AS OF 01/24)
  • SUZANNE L WEEKES (CHIEF EXECUTIVE OFFICER)
  • SVEN LEYFFER (PRESIDENT)
  • SHERRY LI (VICE PRESIDENT AT LARGE AS OF 01/24)
  • LEA JENKINS (VICE PRESIDENT FOR EDUCATION AS OF 01/24)
  • RON BUCKMIRE (VICE PRESIDENT FOR EQUITY, DIVERSITY)

Highest reported compensation

  • SUZANNE L WEEKES (CHIEF EXECUTIVE OFFICER): $445,598 total reported compensation
  • SUSAN A PALANTINO (CHIEF OPERATING OFFICER): $305,323 total reported compensation
  • KIVMARS H BOWLING (DIRECTOR, PUBLICATIONS): $247,872 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Incorporated in 1952 as a non-profit organization, siam has worked toward the following goals for more than 70 years:-to advance the application of mathematics and computational science to engineering, industry, science, and society;-to promote research that will lead to effective new mathematical and computational methods and techniques for science, engineering, industry, and society;-to provide media for the exchange of information and ideas among mathematicians, engineers, and scientists.

What it reported doing in 2024

Siam's publications are a means of meeting one of the primary objectives for organizing the society: to provide media for the exchange of information and ideas between mathematicians and other scientists. Siam's journal program produces 18 quality, peer-reviewed journals that are respected and highly cited throughout the applied mathematics and computational science community. Siam publishes approximately 20 high-quality books a year by authors who are experts in their field, making relevant research results accessible to industry and science while also promoting the interaction between mathematics and other disciplines such as engineering, science, and computing. Siam news, published 10 times per year, is the news journal reporting on issues and developments affecting the applied and computational mathematics community. Siam also publishes undergraduate research online (siuro), an open-access publication for undergraduates.

Operating model

Revenue model
Earned-program. 77% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 97% 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 the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 67
  • Accountability: 100
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.5%; rating input score 87
  • Program expense ratio: 68.3%; rating input score 68
  • Fundraising efficiency: $3.76 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th 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: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 60.5%; rating input score 61; 13th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: -0.9%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 3.42; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 9.8%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 5.7% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 87.5% of revenue deployed · 68.3% of spending went to programs
  • Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $12.2M in reported program spending
  • Leadership: top reported pay $446K · 29 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.1M reported
  • Consistency: 38 of 39 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.