Thermoset Resin Formulators Association
Nonprofit profile at a glance
- EIN
- 383676781
- IRS 990-EZ coverage
- 2020–2025
- Forms available
- Form 990 2019, Form 990-EZ 2025
- Location
- Milwaukee, WI, USA
- Phone
- 4144883916
- Rating
- 35
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $177,839
- Expenses
- $181,880
- Assets
- $158,678
- Liabilities
- $32,917
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- VINAY MISHRA (PRESIDENT)
- LINGYUN HE (VICE PRESIDENT)
- JEREMY PASATTA (IMMEDIATE PAST PRESIDENT)
People named in this filing
- VINAY MISHRA (PRESIDENT)
- LINGYUN HE (VICE PRESIDENT)
- KARANA SHAH (SECRETARY/TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We serve the needs of the thermoset resin formulators and suppliers and help them achieve their goals by providing a forum for sharing and interaction.
What it reported doing in 2025
Various projects that help to educate and enhance the ability of the membership to educate and enlighten the end users of thermoset resin, such as trade show attendance, product research projects, and webinars.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 1
- Transparency & Controls: 82
- Sustainability: 36
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 1.6%; rating input score 2
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2.3%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.87; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -0.3% per year; rating input score 0; 17th percentile among comparable filings
- Asset growth: -0.8% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: 1.6% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2020 to 2025
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 24/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.