The Society for Protective Coatings
Nonprofit profile at a glance
- EIN
- 256064063
- IRS 990 coverage
- 2010–2020
- Forms available
- Form 990 2020
- Location
- Greentree, PA, USA
- Phone
- 4122812331
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Medical Research N.E.C.
Reported finances
- Revenue
- $9,394,855
- Expenses
- $9,366,915
- Assets
- $24,505,852
- Liabilities
- $5,676,007
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- ROSS D BOYD (VICE PRESIDENT)
- SAM B SCATURRO (PRESIDENT - ELECT)
- JOSEPH WALKER (IMMEDIATE-PAST PRESIDENT)
- JOYCE A WRIGHT (PRESIDENT)
- BILL WORMS END SEPTEMBER 2020 (EXECUTIVE DIRECTOR/SEC)
Highest reported compensation
- BILL WORMS END SEPTEMBER 2020 (EXECUTIVE DIRECTOR/SEC): $382,503 total reported compensation
- JOHN WHALEN (DIRECTOR OF TECHNICAL SERVICES): $181,216 total reported compensation
- GREG MUHA (DIRECTOR OF MEMBER DEVELOP): $171,389 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To inspire learning, advance knowledge, and elevate performance in the industry through training, certification, and education of the workforce, communication of advances in technology, and promotion of the use of protective coatings.
What it reported doing in 2020
For the year ended december 31, 2020, individual training and certification remained the hallmarks of our association. To our knowledge, the sspc inspection course was the only one of the many given that had undergone independent audits by an outside agency. We also conducted training for all our armed forces, the us coast guard, and nasa under the auspices of the department of defense office of corrosion policy and oversight. Continued growth in all aspects of our portfolio indicated sspc's continued efforts to further expand our relevance and our commitment to better service our industry.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 64
- Accountability: 89
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.6%; rating input score 78
- Program expense ratio: 71.2%; rating input score 71
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 81.2%; rating input score 81; 15th 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: 0.3%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 2.62; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 11.9%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: 4.7% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 10.1% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 77.6% of revenue deployed · 71.2% of spending went to programs
- Governance: 13 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $6.7M in reported program spending
- Leadership: top reported pay $383K · 22 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $798K reported
- Consistency: 37 of 37 current checks pass
- Schedules: 6 filed schedules · includes foreign activity, grants, and executive pay
- Filing history: 11 filing years from 2010 to 2020
- Contacts: How to reach this organization
- Money network: 10 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Officer compensation ratio scored 23/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.