The Transformer Association

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

“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.”

“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.”

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

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

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

“Uncollectible accounts -7,620. To adjust for difference in beginning net assets on financial statements -1,296.”