Civic Intelligence

Rack Manufacturers Institute

EIN 25-1124213 • 501(c)6 • Charlotte, NC

Profile

RMI promotes the safe design and use of industrial storage racks through research testing preparation of specifications and guidelines educational programming and meetings.

8720 Red Oak Blvd Ste 201Charlotte, NC 28217-3996

www.mhi.org rmi

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.13x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.38x

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

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

81st percentile

19%

Higher net margin than 81% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$105,486

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 32.7% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

62nd percentile

7.7%

Faster asset growth than 62% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

31st percentile

-1.1%

Faster revenue growth than 31% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$969,512

Down $31,329 (-3.1%) from 2023

Liabilities

Down

$122,550

Down $91,438 (-43%) from 2023

Net Assets

Up

$846,962

Up $60,109 (+7.6%) from 2023

Operations
Liabilities / Revenue85th percentileNet Margin81st percentile

Revenue

Up

$322,971

Up $62,026 (+24%) from 2023

Expenses

Up

$262,862

Up $41,060 (+19%) from 2023

Net Income

Up

$60,109

Up $20,966 (+54%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

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

$1.5M$1.0M$500K$0Assets 2020: $576,907Liabilities 2020: $97,200Net Assets 2020: $479,7072020Assets 2021: $764,054Liabilities 2021: $99,975Net Assets 2021: $664,0792021Assets 2022: $835,273Liabilities 2022: $87,563Net Assets 2022: $747,7102022Assets 2023: $1,000,841Liabilities 2023: $213,988Net Assets 2023: $786,8532023Assets 2024: $969,512Liabilities 2024: $122,550Net Assets 2024: $846,9622024

Highlighted filing

2024

Assets$969,512
Liabilities$122,550
Net Assets$846,962
Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

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

$400K$300K$200K$100K$0Revenue 2020: $325,349Expenses 2020: $160,686Net Income 2020: $164,6632020Revenue 2021: $389,246Expenses 2021: $204,874Net Income 2021: $184,3722021Revenue 2022: $330,045Expenses 2022: $246,414Net Income 2022: $83,6312022Revenue 2023: $260,945Expenses 2023: $221,802Net Income 2023: $39,1432023Revenue 2024: $322,971Expenses 2024: $262,862Net Income 2024: $60,1092024

Highlighted filing

2024

Revenue$322,971
Expenses$262,862
Net Income$60,109
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$969,512
Liabilities
$122,550
Net assets
$846,962
Revenue
$322,971
Expenses
$262,862
Net income
$60,109
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.12$0.85$0.32$0.26$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.00$0.21$0.79$0.26$0.22$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.84$0.09$0.75$0.33$0.25$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.76$0.10$0.66$0.39$0.20$0.18
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.10$0.48$0.33$0.16$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 26, 2025
Return Version
2024v5.1
Gross Receipts
$322,971
Mission and Program Overview

Mission

RMI promotes the safe design and use of industrial storage racks through research, testing, preparation of specifications and guidelines, educational programming and meetings

RMI Promotes the safe design and use of industrial storage rack through research testing preparation of specifications and guidelines educational programing and meetings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,000,841$969,512▼ $31,329
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,000,841$969,512▼ $31,329
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$163,988$122,550▼ $41,438
Accounts Payable and Accrued Expenses$50,000$0▼ $50,000
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$213,988$122,550▼ $91,438
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$786,853$846,962▲ $60,109
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$786,853$846,962▲ $60,109
Total Liabilities and Net Assets / Fund Balance$1,000,841$969,512▼ $31,329
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleOtherTotal
Anna TeterTreasurer and Managing Executive$105,486$105,486

Board Members and Trustees

NameTitle
Paul NealPresident
John SchmidtVice President
Tommy SinclairSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$262,200
Program Service Revenue
$60,771
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$60,109

Audited Revenue Reconciliation

Revenue per Audited Statements
$322,971
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$322,971
Total Revenue per Form 990
$322,971
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,966
Grants and Similar Amounts Paid$63,896
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$0$0$0$89,219
Advertising$0$0$0$86,151
Grants to Domestic Orgs$0--$63,896
Conferences and Meetings$0$0$0$16,786
Information Technology$0$0$0$5,200
Office Expenses$0$0$0$1,185
Insurance$0$0$0$425
Total Functional Expenses$0$0$0$262,862

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$262,862
Total Expenses per Audited Statements$262,862
Total Expenses per Form 990$262,862
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Material Handling Education Foundation IncCharlotte, NC501(c)(3)University Scholarship Program$31,500
American Red CrossBoone, IA501(c)(3)Hurricane Helene Disaster Relief$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Part VI, Line 3

“The organization is managed by Material Handling Industry a non-profit 501c6 trade association that manages the daily operations of the organization under the supervision of the organizations officers.”

Part VI, Line 6

“Members can receive a share of the organizations profits of excess dues or a share of the net assets at the organizations dissolution.”

Part VI, Line 11B

“Form 990 is available upon request. The governing body reviews internal financial statements twice annually during their membership meetings or as requested.”

Part VI, Line 12C

“Any member as to whom a matter may constitute a conflict of interest shall so indicate at or prior to the time such matter is being considered and is excused from the discussion and voting on that particular matter.”

Part VI, Line 19

“Governing documents and bylaws are available on the website or upon request. The conflict of interest policy and Form 990 are available upon written request. the financial statements are available to members only.”

Filing and Contact Details

Filer

Filer Name
Rack Manufacturers Institute
EIN
25-1124213
In Care Of
% Paul Neal
Phone
7046761190
Address
8720 RED OAK BLVD STE 201, CHARLOTTE, NC 28217-3996

Signing Officer

Name
William Murray
Title
VP Finance
Signed
2025-08-26

Organization Details

Principal Officer
Paul Neal
Formed
1959
Legal Domicile
Oh
Voting Board Members
28
Independent Board Members
28
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Part IX, Line 11G

“Representatives for engineering consulting services on standards and specifications for design and testing organizations. Consulting engineering services provided for R-Mark certification applications. Services provided for statistical data reporting. Services for content marketing.”

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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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