Friction Materials Standards

Friction Materials Standards maintains stable finances with no officer compensation, despite recent operating deficits.

EIN: 131606491 · Auburn Hills, MI · NTEE: U40Z · Updated: 2026-03-28

$739KRevenue

$929KAssets

90/100Mission Score (Excellent)

U40Z

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.

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.

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.

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

Is Friction Materials Standards a good charity?

Based on the available financial data, Friction Materials Standards appears to be a well-managed organization with strong financial stability and a clear commitment to its mission, evidenced by 0% officer compensation and a healthy asset base. Its operational model as a standards-setting body suggests its 'program' spending would be on its core activities.

How does Friction Materials Standards manage its executive compensation?

Friction Materials Standards reports 0% officer compensation in all available IRS 990 filings, meaning no salaries or benefits are paid to its officers. This is a significant indicator of a volunteer-driven leadership or a structure where executive roles are not compensated.

What is the financial trend of Friction Materials Standards?

Friction Materials Standards has shown consistent revenue and expense levels, generally between $400,000 and $700,000 annually. While there have been periods of operating deficits (e.g., 2023, 2022), the organization maintains a strong asset base (around $900,000 - $1.1 million), indicating overall financial stability.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$618K	$705K	$947K	$201K	—	—
2022	$576K	$638K	$1.1M	$250K	—	View 990
2021	$522K	$598K	$1.0M	$123K	—	View 990
2020	$659K	$501K	$1.1M	$110K	—	View 990
2019	$509K	$513K	$920K	$85K	—	—
2018	$499K	$548K	$904K	$74K	—	View 990
2017	$307K	$358K	$963K	$76K	—	View 990
2017	$428K	$442K	$1.1M	$154K	—	View 990
2016	$474K	$365K	$1.1M	$90K	—	View 990
2015	$400K	$300K	$938K	$77K	—	View 990
2014	$378K	$291K	$837K	$75K	—	View 990
2013	$345K	$321K	$751K	$73K	—	View 990
2012	$366K	$307K	$727K	$71K	—	View 990

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.

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.