Steel Manufacturers Association
Nonprofit profile at a glance
- EIN
- 521600093
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2022961515
- Rating confidence
- Limited
Reported finances
- Revenue
- $3,969,263
- Expenses
- $3,319,023
- Assets
- $6,147,229
- Liabilities
- $3,579,301
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- PHILIP K BELL (PRESIDENT)
- WILLIAM FARRIS (VICE PRESIDENT)
Highest reported compensation
- PHILIP K BELL (PRESIDENT): $618,085 total reported compensation
- ERIC J STUART (VP, ENERGY & ENVIRONMENT): $261,033 total reported compensation
- GREGG WALKER (DIRECTOR OF COMMUNICATION): $224,393 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 steel manufacturers association promotes safe steelmaking that protects the environment and uses natural resources efficiently; advocates for public policy that supports domestic manufacturing; collects and aggregates data that informs smart policymaking; and increases (continued on schedule o)
What it reported doing in 2024
The association assists in the development of public policy positions consistent with the interests of its members.
Operating model
- Revenue model
- Other-operating. 99% 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: 76
- Accountability: 77
- Sustainability: 54
- 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: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.4%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 1.85; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.58; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 46.1%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.7% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 43 of 43 board members independent · 4 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $618K · 33 people listed · 2 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 13 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 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.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.