The Vibration Institute
Nonprofit profile at a glance
- EIN
- 237260549
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-T 2024, Form 990-N 2016
- Location
- Naperville, IL, USA
- Phone
- 6306542254
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $2,073,600
- Expenses
- $1,594,039
- Assets
- $3,137,017
- Liabilities
- $469,668
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- GYORGY SZASZ (PRESIDENT)
Highest reported compensation
- JANINE KOMORNICK (EXECUTIVE DI): $119,406 total reported compensation
- AUSTIN CREASY (TECH DIR. OF): $25,000 total reported compensation
- JACK PETERS (DIRECTOR): $24,700 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 vibration institute is to disseminate practical information on evaluating machinery behavior and condition without commercial interest. The institute offers programs including education, training, certification, opportunities for exchange technical knowledge, information, procedures, and data that are offered through meetings, publications, formal training and networking.
What it reported doing in 2024
Presentation of seminars and courses and offer exams to obtain or renew certifications. Holding an annual conference and publication and membership benefits to individuals and business and to educate members and other interested parties in the science and the art of mechanical vibration.
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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 - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 90
- Accountability: 59
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.8%; rating input score 52
- Program expense ratio: 72.1%; rating input score 72
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 53.3%; rating input score 53; 8th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 23.1%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 1.97; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 16.4%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 1.2% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 4.7% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 51.8% of revenue deployed · 72.1% of spending went to programs
- Governance: 8 of 15 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $119K · 17 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 12 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.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- Review — Accountability: Independent voting board scored 53/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 16/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.