AI Transparency Report
Friction Materials Standards (FMS) demonstrates consistent financial operations, with revenues and expenses generally in the range of $400,000 to $700,000 over the past decade. The organization has maintained a healthy asset base, typically around $900,000 to $1.1 million, indicating good financial stability. While there have been periods where expenses exceeded revenue, such as in 2023 ($705,043 expenses vs. $618,367 revenue) and 2022 ($637,598 expenses vs. $575,953 revenue), these appear to be managed within the context of their overall assets and do not suggest immediate distress. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment.
FMS's financial health appears stable, with a solid asset foundation. The consistent reporting of no officer compensation is a significant positive for transparency and suggests that resources are directed towards the organization's objectives. The NTEE code U40Z (Standards Setting Organizations) aligns with an operational model that might involve significant program-related expenses for research, development, and dissemination of standards, which would be reflected in their spending patterns. The organization's long filing history (13 filings) further suggests a well-established and consistently reporting entity.