Sname

Legal name: Society of Naval Architects and Marine Engineers

Nonprofit profile at a glance

EIN
135631379
IRS 990 coverage
2011–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Alexandria, VA, United States
Phone
703-997-6701
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Military, Veterans' Organizations

Official website

Reported finances

Revenue
$2,419,977
Expenses
$2,932,645
Assets
$22,828,848
Liabilities
$1,715,972

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

Leadership & pay

27 people listed

Executive titles in this filing

  • RICHARD MUELLER (PRESIDENT)
  • RICK SPAULDING (IMMEDIATE PAST PRESIDENT)
  • ANDREW KENDRICK (PAST PRESIDENT)
  • ELIZABETH BOUCHARD (EXECUTIVE DIRECTOR (AS OF 07/01/24))
  • VALERIE HUTNAN (EXECUTIVE DIRECTOR (THRU 07/24/24))

Highest reported compensation

  • ELIZABETH BOUCHARD (EXECUTIVE DIRECTOR (AS OF 07/01/24)): $92,308 total reported compensation
  • VALERIE HUTNAN (EXECUTIVE DIRECTOR (THRU 07/24/24)): $41,385 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 mission of the society is to advance the art, science and practice of naval architecture, marine engineering, ocean engineering and other marine-related professions through:* the global exchange of knowledge and ideas relative to the marine industry* education in engineering as it relates to the marine industry* encouraging and sponsoring research and development in naval architecture, marine engineering, ocean engineering and other marine fields.

What it reported doing in 2024

Functions and meeting: sname hosts or sponsors hundreds of events every year, from the annual sname maritime convention (smc), otc (offshore technology conference) to international symposia to section gatherings. Events offer venues networking and fellowship and regularly feature state of the art technical presentations and other learning opportunities.

Operating model

Revenue model
Earned-program. 68% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 94% 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. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 77
  • Accountability: 90
  • Sustainability: 43
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.2%; rating input score 84
  • Program expense ratio: 67.9%; rating input score 68
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd 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; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -21.2%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 7.78; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 4.6%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -1.8% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -9.1% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 84.2% of revenue deployed · 67.9% of spending went to programs
  • Governance: 25 of 25 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2M in reported program spending
  • Leadership: top reported pay $92K · 27 people listed
  • Highest-paid contractors: 1 contractor listed · $108K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Officer compensation ratio scored 57/100.