Steel Founders' Society of America
Nonprofit profile at a glance
- EIN
- 363293382
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Crystal Lake, IL, USA
- Phone
- 8154558240
- Rating confidence
- Limited
Reported finances
- Revenue
- $9,311,830
- Expenses
- $8,675,782
- Assets
- $6,805,015
- Liabilities
- $797,977
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- ROBERT HARRISON (PRESIDENT)
- JOHN CORY (VICE PRESIDENT)
- MAX HOLMAN (IMMEDIATE PAST PRESIDENT)
- RAYMOND MONROE (EXECUTIVE VICE PRESIDENT)
Highest reported compensation
- RAYMOND MONROE (EXECUTIVE VICE PRESIDENT): $525,623 total reported compensation
- DAVID POWELEIT (VP OF TECHNOLOGY): $374,249 total reported compensation
- KELLY MORITZ (VP OF FINANCE & CONTRACTS): $337,533 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 promote the general welfare of all engaged in or affected by the manufacture and sale of steel or alloy castings.
What it reported doing in 2024
Technical and operating conference and annual meeting, along with the occasional special conference, is to provide informative discussions on industry trends and innovations. 191 attendees served.
Operating model
- Revenue model
- Earned-program. 98% 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: 75
- Accountability: 100
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 77.8%; rating input score 78; 0th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 77.4%; rating input score 77; 21st 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: 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: 6.8%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.78; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 24.4%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 12.1% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 8.2% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $526K · 19 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $120K reported
- Consistency: 10 of 12 current checks pass · 2 findings to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 2 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.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Sustainability: Operating margin scored 55/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.