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The Transformer Association

Not tax-deductible

Cleveland, OH501(c)(6)EIN 23-7357964

To strengthen the transformer industry in north america and to be the voice of the industry.

Run by 58 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $7K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$40K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
+7% vs prior year
Spent
$215K
Net assets
$65K
By yearFY2020–FY2024
Revenue
$240K
FY2024▲ +7%
Revenue by fiscal year
FY2020$87K
FY2021$124K
FY2022$186K
FY2023$223K
FY2024$240K
Expenses
$215K
FY2024▼ -8%
Expenses by fiscal year
FY2020$100K
FY2021$135K
FY2022$210K
FY2023$235K
FY2024$215K
Net assets
$65K
FY2024▲ +35%
Net assets by fiscal year
FY2020$108K
FY2021$92K
FY2022$64K
FY2023$48K
FY2024$65K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
William Dull
Vice President
$0Pt VII · Sec A
Laila Durban
President
$0Pt VII · Sec A
Ed West
Director
$0Pt VII · Sec A
Mike Gibney
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
John Meeks
Director
$0Pt VII · Sec A
Brian Wells
Past President
$0Pt VII · Sec A
See The Transformer Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Strengthens and advocates for the North American transformer industry.

Provided by the organization

This section is blank until The Transformer Association claims this page.

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3 program services, described in the organization's own filed words · FY2024.
01

Meetings

The meetings provide member company executives with an opportunity to share ideas and information with other senior level executives and have business and industry presentations to educate members on business issues, economic issues, industry trends and emerging technologies.

Pt IX · col B
02

Websites

The main purpose of the website is to keep members and other interested parties informed about association activities. The website also provides a listing of members and information on transformers. This furthers the exempt purpose to stregthen the transformer industry in north america and to be the voice of the industry.

Pt IX · col B
03

Institute for Trend Research

The institute for trends research provides quarterly economic reports. This furthers the exempt purpose to strengthen the transformer industry.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$240K
Ln 12
Fees for servicesLn 2g$140K
Gifts and grantsLn 1h$100K
Money outPt IX
$215K
Ln 25
Owns and owesPt X
$65K
net assets · Ln 32
Cash and savingsLn 1–2$103K
Total assetsLn 16$105K
LiabilitiesLn 26$40K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100K
Fees for servicesLn 2g$140K
Total revenueLn 12$240K
Assets in detailPt X, end of year
SavingsLn 2$103K
Cash and savings togetherLn 1–2$103K
Total assetsLn 16$105K
LiabilitiesLn 26$40K
Net assetsLn 32$65K
OperationsPt I, VI
EmployeesI 50
VolunteersI 658
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$73K$103K
Total assetsLn 16$91K$105K
LiabilitiesLn 26$43K$40K
Net assetsLn 32$48K$65K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$75K
Legal feesLn 11b$113
Accounting feesLn 11c$1K
TravelLn 17$8K
Conferences, conventions and meetingsLn 19$100K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$28K
All other expensesLn 24e$381
Total functional expensesLn 25$215K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $240K$215K$25K$65K 990 PDF
FY2023 $223K$235K−$11K$48K 990 PDF
FY2022 $186K$210K−$24K$64K 990 PDF
FY2021 $124K$135K−$10K$92K 990 PDF
FY2020 $87K$100K−$13K$108K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $239,651 across 4 lines filed
VIII-1b Membership dues$100,047
VIII-1h Total contributions, gifts and grants$100,047
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $139,604$139,604
VIII-12 Total revenueRelated to mission $139,604 · Unrelated business $0 · Excluded from tax $0$239,651
Part IX · Statement of functional expenses $214,972 across 8 lines filed
IX-11a Management fees$74,878
IX-11b Legal fees$113
IX-11c Accounting fees$1,235
IX-17 Travel$7,837
IX-19 Conferences, conventions and meetings$100,290
IX-23 Insurance$1,999
IX-24 Other expenses (24a–d)$28,239
IX-24e All other expenses$381
IX-25 Total functional expenses$214,972
Part X · Balance sheet $105,388 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $72,542$102,763
X-4 Accounts receivableStart of year $4,572$1,475
X-9 Prepaid expenses and deferred chargesStart of year $13,922$1,150
X-16 Total assetsStart of year $91,036$105,388
X-17 Accounts payable and accrued expensesStart of year $43,096$39,559
X-19 Deferred revenue$885
X-26 Total liabilitiesStart of year $43,096$40,444
X-27 Net assets without donor restrictionsStart of year $47,940$64,944
X-32 Total net assets or fund balancesStart of year $47,940$64,944
X-33 Total liabilities and net assetsStart of year $91,036$105,388
Part XI · Reconciliation of net assets $64,944 net assets at year end
XI-1 Total revenue$239,651
XI-2 Total expenses$214,972
XI-3 Revenue less expenses$24,679
XI-4 Net assets at start of year$47,940
XI-9 Other changes in net assets−$7,675
XI-10 Net assets at end of year$64,944

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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