Civic Intelligence

The Transformer Association

990 • Fiscal year 2019 • EIN 23-7357964

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

1300 Sumner AvenueCleveland, OH 44115-2851

(216) 241-7333

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.24x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

0.19x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

58th percentile

5.7%

Higher net margin than 58% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

69th percentile

13%

Faster asset growth than 69% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

4.8%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$170,785

Up $20,095 (+13%) from 2018

Net Assets

Up

$129,257

Up $4,385 (+3.5%) from 2018

Liabilities

Up

$41,528

Up $15,710 (+61%) from 2018

Revenue

Up

$213,725

Up $9,743 (+4.8%) from 2018

Expenses

Up

$201,503

Up $15,448 (+8.3%) from 2018

Net Income

Down

$12,222

Down $5,705 (-32%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2019

Assets$170,785
Liabilities$41,528
Net Assets$129,257

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$213,725
Expenses$201,503
Net Income$12,222
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$213,725
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$123,268$158,357▲ $35,089
Prepaid Expenses and Deferred Charges$12,793--
Accounts Receivable$14,629$12,428▼ $2,201
Total Assets$150,690$170,785▲ $20,095
Liabilities
Accounts Payable and Accrued Expenses$24,997$41,528▲ $16,531
Deferred Revenue$821--
Total Liabilities$25,818$41,528▲ $15,710
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$124,872$129,257▲ $4,385
Total Net Assets Fund Balance$124,872$129,257▲ $4,385
Total Liabilities and Net Assets / Fund Balance$150,690$170,785▲ $20,095
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alex GianarasPresident
Brian WellsVice President
Bob RossDirector
Chuck WildDirector
Joe AshleyDirector
Laila DurbanDirector
Robert PrescottDirector
Stephen TuckwellDirector
William DullDirector
Blain GraySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$101,909
Program Service Revenue
$111,816
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$12,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,503
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---$97,572
Fees for Services Management---$67,430
Travel---$8,008
Insurance---$1,832
Fees for Services Accounting---$1,100
Other Expenses---$1,000
Fees for Services Legal---$163
All Other Expenses---$135
Total Functional Expenses$0$0$0$201,503
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
Subject to proxy tax
No
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
2020-11-12
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
87

Preparer

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

Additional Explanations

FORM 990, PART XI, LINE 9:

Uncollectible accounts -7,837.

Raw XML Appendix338 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/TitleTxt0VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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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 -7,837.
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/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0150690
IRS990/TotalAssetsEOYAmt0170785
IRS990/TotalAssetsGrp/BOYAmt0150690
IRS990/TotalAssetsGrp/EOYAmt0170785
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0101909
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201503
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025818
IRS990/TotalLiabilitiesEOYAmt041528
IRS990/TotalLiabilitiesGrp/BOYAmt025818
IRS990/TotalLiabilitiesGrp/EOYAmt041528
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0124872
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0129257
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0111816
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0111816
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213725
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt087
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0150690
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0170785
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt08008
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/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA ALLAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02162417333
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-12
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0D41A1BAE1D22EA4493086ED93CB3E6A68DE87653
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08A77B257473914B289D6436051E6FD67A74B1802
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt099.30.228.137
ReturnHeader/FilingSecurityInformation/IPDt02020-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:59:44
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/PreparerPersonNm0HERZL GINSBURG CPA
ReturnHeader/ReturnTs02020-11-16T10:06:03-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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