Civic Intelligence

The Transformer Association

EIN 23-7357964 • 501(c)6 • Cleveland, OH

Profile

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

1300 Sumner AvenueCleveland, OH 44115-2851

www.transformer-assn.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.38x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.17x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

70th percentile

9.6%

Faster asset growth than 70% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

70th percentile

13%

Faster revenue growth than 70% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$105,388

Up $14,352 (+16%) from 2023

Liabilities

Down

$40,444

Down $2,652 (-6.2%) from 2023

Net Assets

Up

$64,944

Up $17,004 (+35%) from 2023

Revenue

Up

$239,651

Up $16,258 (+7.3%) from 2023

Expenses

Down

$214,972

Down $19,804 (-8.4%) from 2023

Net Income

Up

$24,679

Up $36,062 (+317%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2018: $150,690Liabilities 2018: $25,818Net Assets 2018: $124,8722018Assets 2019: $170,785Liabilities 2019: $41,528Net Assets 2019: $129,2572019Assets 2020: $110,766Liabilities 2020: $3,181Net Assets 2020: $107,5852020Assets 2021: $104,180Liabilities 2021: $11,997Net Assets 2021: $92,1832021Assets 2022: $87,712Liabilities 2022: $23,904Net Assets 2022: $63,8082022Assets 2023: $91,036Liabilities 2023: $43,096Net Assets 2023: $47,9402023Assets 2024: $105,388Liabilities 2024: $40,444Net Assets 2024: $64,9442024

Highlighted filing

2024

Assets$105,388
Liabilities$40,444
Net Assets$64,944

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2018: $203,982Expenses 2018: $186,055Net Income 2018: $17,9272018Revenue 2019: $213,725Expenses 2019: $201,503Net Income 2019: $12,2222019Revenue 2020: $87,349Expenses 2020: $100,105Net Income 2020: -$12,7562020Revenue 2021: $124,442Expenses 2021: $134,864Net Income 2021: -$10,4222021Revenue 2022: $186,318Expenses 2022: $210,113Net Income 2022: -$23,7952022Revenue 2023: $223,393Expenses 2023: $234,776Net Income 2023: -$11,3832023Revenue 2024: $239,651Expenses 2024: $214,972Net Income 2024: $24,6792024

Highlighted filing

2024

Revenue$239,651
Expenses$214,972
Net Income$24,679

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$239,651
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$72,542$102,763▲ $30,221
Accounts Receivable$4,572$1,475▼ $3,097
Prepaid Expenses and Deferred Charges$13,922$1,150▼ $12,772
Total Assets$91,036$105,388▲ $14,352
Liabilities
Accounts Payable and Accrued Expenses$43,096$39,559▼ $3,537
Deferred Revenue-$885-
Total Liabilities$43,096$40,444▼ $2,652
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$47,940$64,944▲ $17,004
Total Net Assets Fund Balance$47,940$64,944▲ $17,004
Total Liabilities and Net Assets / Fund Balance$91,036$105,388▲ $14,352
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian WellsPast President
Laila DurbanPresident
William DullVice President
Ed WestDirector
Hollace BardenDirector
Jakob JakobssonDirector
John MeeksDirector
Mike GibneyDirector
John HindleSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100,047
Program Service Revenue
$139,604
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$24,679
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$214,972
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$100,290
Fees for Services Management---$74,878
Travel---$7,837
Insurance---$1,999
Fees for Services Accounting---$1,235
Other Expenses---$992
All Other Expenses---$381
Fees for Services Legal---$113
Total Functional Expenses$0$0$0$214,972
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The association is managed by thomas associates, inc., who provides all supporting and management duties.

Form 990, Part VI, Section A, Line 6

The association has the following classes of membership: manufacturer: any business entity manufacturing industry products. (industry products include electromagnetic devices, such as transformers and inductors.) industry suppliers: any business entity supplying products or services for manufacturer members. Ima working group: any business entity who is a manufacturer or distributor of soft magnetic products. Safety agency: any business entity with the primary function of writing safety standards, providing safety certification and/or safety testing related to products manufactured by manufacturer or industry supplier members. This is a non-voting classification intended to promote full participation by safety agency members in the work and activities of the association. Education: any person representing a not-for-profit involved in research, education, and/or instruction of transformers or related products. Honorary membership: non-voting membership of persons whose contributions to the transformer industry are recognized by the board of directors of the association. Honorary members have attended previous tta meetings and have been employed by an entity who held membership in tta at some point in time. Honorary membership is a non-dues paying membership category.

Form 990, Part VI, Section A, Line 7A

Manufacturer members shall have all of the privileges of membership, including voting and holding elective office. Industry supplier and ima working group members shall have all of the privileges of membership including voting and holding elective office. Safety agency and education members shall have all the privileges of membership enjoyed by industry members, except that of voting and holding elective office. For prudential reasons, the board of directors may, at its discretion, exclude participation by safety agency members in certain committees such as the tta/ul policy committees. The board of directors shall be composed of the president, vice president, secretary-treasurer, immediate past president and six elective directors, 3 manufacturers, one of which will be the technical committee chairman, 3 supplier members, one of which will be an ima group member, but only if there are a minimum of (5) ima group members.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an independent cpa and reviewed by staff and the executive director.

Form 990, Part VI, Section B, Line 15

The fees for independent contractors are determined by and approved by the board of directors. Competitve quotes were obtained when requested.

Form 990, Part VI, Section C, Line 19

The governing documents, policies and financial statements (form 990) are available upon request.

Filing and Contact Details

Filer

Filer Name
The Transformer Association
EIN
23-7357964
Phone
2162417333
Address
1300 SUMNER AVENUE, CLEVELAND, OH 44115-2851

Signing Officer

Name
Melissa Allay
Title
Executive Director
Phone
2162417333
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alex Gianaras
Formed
1974
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
58

Preparer

Firm
Ciuni & Panichi Inc
Address
25201 CHAGRIN BLVD 200, CLEVELAND, OH 44122-5683
Preparer
Anthony J Constantine CPA
Phone
2168317171
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Uncollectible accounts -7,675.

Raw XML Appendix329 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS MANAGED BY THOMAS ASSOCIATES, INC., WHO PROVIDES ALL SUPPORTING AND MANAGEMENT DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION HAS THE FOLLOWING CLASSES OF MEMBERSHIP: MANUFACTURER: ANY BUSINESS ENTITY MANUFACTURING INDUSTRY PRODUCTS. (INDUSTRY PRODUCTS INCLUDE ELECTROMAGNETIC DEVICES, SUCH AS TRANSFORMERS AND INDUCTORS.) INDUSTRY SUPPLIERS: ANY BUSINESS ENTITY SUPPLYING PRODUCTS OR SERVICES FOR MANUFACTURER MEMBERS. IMA WORKING GROUP: ANY BUSINESS ENTITY WHO IS A MANUFACTURER OR DISTRIBUTOR OF SOFT MAGNETIC PRODUCTS. SAFETY AGENCY: ANY BUSINESS ENTITY WITH THE PRIMARY FUNCTION OF WRITING SAFETY STANDARDS, PROVIDING SAFETY CERTIFICATION AND/OR SAFETY TESTING RELATED TO PRODUCTS MANUFACTURED BY MANUFACTURER OR INDUSTRY SUPPLIER MEMBERS. THIS IS A NON-VOTING CLASSIFICATION INTENDED TO PROMOTE FULL PARTICIPATION BY SAFETY AGENCY MEMBERS IN THE WORK AND ACTIVITIES OF THE ASSOCIATION. EDUCATION: ANY PERSON REPRESENTING A NOT-FOR-PROFIT INVOLVED IN RESEARCH, EDUCATION, AND/OR INSTRUCTION OF TRANSFORMERS OR RELATED PRODUCTS. HONORARY MEMBERSHIP: NON-VOTING MEMBERSHIP OF PERSONS WHOSE CONTRIBUTIONS TO THE TRANSFORMER INDUSTRY ARE RECOGNIZED BY THE BOARD OF DIRECTORS OF THE ASSOCIATION. HONORARY MEMBERS HAVE ATTENDED PREVIOUS TTA MEETINGS AND HAVE BEEN EMPLOYED BY AN ENTITY WHO HELD MEMBERSHIP IN TTA AT SOME POINT IN TIME. HONORARY MEMBERSHIP IS A NON-DUES PAYING MEMBERSHIP CATEGORY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANUFACTURER MEMBERS SHALL HAVE ALL OF THE PRIVILEGES OF MEMBERSHIP, INCLUDING VOTING AND HOLDING ELECTIVE OFFICE. INDUSTRY SUPPLIER AND IMA WORKING GROUP MEMBERS SHALL HAVE ALL OF THE PRIVILEGES OF MEMBERSHIP INCLUDING VOTING AND HOLDING ELECTIVE OFFICE. SAFETY AGENCY AND EDUCATION MEMBERS SHALL HAVE ALL THE PRIVILEGES OF MEMBERSHIP ENJOYED BY INDUSTRY MEMBERS, EXCEPT THAT OF VOTING AND HOLDING ELECTIVE OFFICE. FOR PRUDENTIAL REASONS, THE BOARD OF DIRECTORS MAY, AT ITS DISCRETION, EXCLUDE PARTICIPATION BY SAFETY AGENCY MEMBERS IN CERTAIN COMMITTEES SUCH AS THE TTA/UL POLICY COMMITTEES. THE BOARD OF DIRECTORS SHALL BE COMPOSED OF THE PRESIDENT, VICE PRESIDENT, SECRETARY-TREASURER, IMMEDIATE PAST PRESIDENT AND SIX ELECTIVE DIRECTORS, 3 MANUFACTURERS, ONE OF WHICH WILL BE THE TECHNICAL COMMITTEE CHAIRMAN, 3 SUPPLIER MEMBERS, ONE OF WHICH WILL BE AN IMA GROUP MEMBER, BUT ONLY IF THERE ARE A MINIMUM OF (5) IMA GROUP MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA AND REVIEWED BY STAFF AND THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FEES FOR INDEPENDENT CONTRACTORS ARE DETERMINED BY AND APPROVED BY THE BOARD OF DIRECTORS. COMPETITVE QUOTES WERE OBTAINED WHEN REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS (FORM 990) ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UNCOLLECTIBLE ACCOUNTS -7,675.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt091036
IRS990/TotalAssetsEOYAmt0105388
IRS990/TotalAssetsGrp/BOYAmt091036
IRS990/TotalAssetsGrp/EOYAmt0105388
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0100047
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0214972
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043096
IRS990/TotalLiabilitiesEOYAmt040444
IRS990/TotalLiabilitiesGrp/BOYAmt043096
IRS990/TotalLiabilitiesGrp/EOYAmt040444
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt047940
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt064944
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0139604
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0139604
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0239651
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt058
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt091036
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0105388
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt07837
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01300 SUMNER AVENUE
IRS990/USAddress/CityNm0CLEVELAND
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd0441152851
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.TRANSFORMER-ASSN.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA ALLAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02162417333
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE TRANSFORMER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0TRAN
ReturnHeader/Filer/EIN0237357964
ReturnHeader/Filer/PhoneNum02162417333
ReturnHeader/Filer/USAddress/AddressLine1Txt01300 SUMNER AVENUE
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd0441152851
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341322309
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CIUNI & PANICHI INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt025201 CHAGRIN BLVD 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLEVELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0441225683
ReturnHeader/PreparerPersonGrp/PhoneNum02168317171
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY J CONSTANTINE CPA
ReturnHeader/ReturnTs02025-11-17T11:49:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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