Friction Materials Standards

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Friction Materials Standards Form 990, Revenue, CEO Pay, and IRS Filing Signals

Friction Materials Standards is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Friction Materials Standards in one place.

Is Friction Materials Standards Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Friction Materials Standards shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Friction Materials Standards directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Friction Materials Standards

Friction Materials Standards (EIN: 131606491) is a nonprofit organization based in Auburn Hills, MI, classified under NTEE code U40Z. The organization reported total revenue of $739K and total assets of $929K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friction Materials Standards's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Friction Materials Standards is a small nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Friction Materials Standards reported a deficit of $87K with expenses exceeding revenue, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 21.2% (moderate leverage).

Financial Trends

Over 13 years of filings (2012–2023), Friction Materials Standards's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friction Materials Standards with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 90%
• fundraising: 0%

According to IRS 990 filings, Friction Materials Standards allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $87K, with expenses exceeding revenue.
• Debt-to-asset ratio: 21.2%.

Executive Compensation Analysis

Friction Materials Standards consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and suggests a volunteer-led executive structure.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Friction Materials Standards's IRS 990 filings:

• Recent operating deficits (expenses exceeding revenue in 2023, 2022, 2021, 2019, 2018, 2017) could indicate a need for closer monitoring of financial sustainability if trends continue without sufficient reserves.

Strengths

The following positive indicators were identified for Friction Materials Standards:

• Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus.
• Strong asset base (typically $900,000 - $1.1 million) provides financial stability.
• Long and consistent IRS 990 filing history (13 filings) demonstrates transparency and established operations.
• NTEE code U40Z (Standards Setting Organizations) suggests a clear, specialized mission.

Frequently Asked Questions about Friction Materials Standards

Filing History

IRS 990 filing history for Friction Materials Standards showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2023), Friction Materials Standards's revenue has grown by 69.2%, moving from $366K to $618K. Total assets increased by 30.2% over the same period, from $727K to $947K. Total functional expenses rose by 129.9%, from $307K to $705K. In its most recent filing year (2023), Friction Materials Standards reported a deficit of $87K, with expenses exceeding revenue. The organization holds $201K in liabilities against $947K in assets (debt-to-asset ratio: 21.2%), resulting in net assets of $746K.

Year-by-Year Financial Summary

• 2023: Revenue of $618K, expenses of $705K, and assets of $947K (revenue +7.4% year-over-year).
• 2022: Revenue of $576K, expenses of $638K, and assets of $1.1M (revenue +10.4% year-over-year).
• 2021: Revenue of $522K, expenses of $598K, and assets of $1.0M (revenue -20.8% year-over-year).
• 2020: Revenue of $659K, expenses of $501K, and assets of $1.1M (revenue +29.5% year-over-year).
• 2019: Revenue of $509K, expenses of $513K, and assets of $920K (revenue +2.0% year-over-year).
• 2018: Revenue of $499K, expenses of $548K, and assets of $904K (revenue +62.6% year-over-year).
• 2017: Revenue of $307K, expenses of $358K, and assets of $963K (revenue -28.3% year-over-year).
• 2017: Revenue of $428K, expenses of $442K, and assets of $1.1M (revenue -9.6% year-over-year).
• 2016: Revenue of $474K, expenses of $365K, and assets of $1.1M (revenue +18.3% year-over-year).
• 2015: Revenue of $400K, expenses of $300K, and assets of $938K (revenue +5.9% year-over-year).
• 2014: Revenue of $378K, expenses of $291K, and assets of $837K (revenue +9.7% year-over-year).
• 2013: Revenue of $345K, expenses of $321K, and assets of $751K (revenue -5.7% year-over-year).
• 2012: Revenue of $366K, expenses of $307K, and assets of $727K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Friction Materials Standards:

Data Sources and Methodology

This transparency report for Friction Materials Standards is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.