Industrial Asset Management Council Inc
Industrial Asset Management Council Inc maintains stable finances with consistent revenue and expenses, reporting no officer compensation.
EIN: 134204733 · Norcross, GA · NTEE: S41 · Updated: 2026-03-28
Is Industrial Asset Management Council Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Industrial Asset Management Council Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Industrial Asset Management Council Inc
Industrial Asset Management Council Inc (EIN: 134204733) is a nonprofit organization based in Norcross, GA, classified under NTEE code S41. The organization reported total revenue of $3.5M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Industrial Asset Management Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Industrial Asset Management Council Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$215K |
| Total Assets | $3.2M |
| Total Liabilities | $926K |
| Net Assets | $2.3M |
| Operating Margin | 6.5% |
| Debt-to-Asset Ratio | 28.6% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2023, Industrial Asset Management Council Inc reported a surplus of $215K with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 28.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Industrial Asset Management Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | -2.0% | +0.2% |
| 2022 | +14.2% | +14.8% | -2.6% |
| 2021 | +104.4% | +64.7% | -8.1% |
| 2020 | -57.5% | -48.7% | +3.5% |
| 2019 | -1.9% | +0.4% | -6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Industrial Asset Management Council Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Industrial Asset Management Council Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 surplus of $215K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with over $3 million in annual revenue. This either indicates a fully volunteer executive leadership or that executive compensation is categorized differently and not disclosed under 'Officer Comp' in the provided data, warranting further investigation for full transparency.
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 Industrial Asset Management Council Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further scrutiny for full transparency.
Strengths
The following positive indicators were identified for Industrial Asset Management Council Inc:
- Consistent revenue generation, generally matching or slightly exceeding expenses (e.g., 2023: Revenue=$3,338,802, Expenses=$3,123,395).
- Stable asset base, consistently above $3 million, indicating financial resilience.
- Predictable financial operations with consistent liabilities, suggesting sound financial management.
Frequently Asked Questions about Industrial Asset Management Council Inc
Is Industrial Asset Management Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Industrial Asset Management Council Inc (EIN: 134204733) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Industrial Asset Management Council Inc spend its money?
Industrial Asset Management Council Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Industrial Asset Management Council Inc tax-deductible?
Industrial Asset Management Council Inc is registered as a tax-exempt nonprofit (EIN: 134204733). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does IAMC manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests either a volunteer-led executive team or that executive compensation is reported under other expense categories, which would require a deeper dive into their full IRS Form 990 to understand.
What is the detailed functional expense breakdown for IAMC?
The provided data does not include a detailed functional expense breakdown (program, administrative, fundraising). Without this information, it's challenging to fully assess the organization's spending efficiency and how much directly supports its stated mission.
Are there any significant fluctuations in revenue or expenses?
While there was a notable dip in revenue and expenses in 2020 (Revenue=$1,348,526, Expenses=$1,685,600), likely due to the pandemic, the organization has largely maintained consistent revenue and expense levels, typically around $3 million annually, indicating financial stability.
Filing History
IRS 990 filing history for Industrial Asset Management Council Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Industrial Asset Management Council Inc's revenue has grown by 57.8%, moving from $2.1M to $3.3M. Total assets increased by 6.4% over the same period, from $3.0M to $3.2M. Total functional expenses rose by 76.1%, from $1.8M to $3.1M. In its most recent filing year (2023), Industrial Asset Management Council Inc reported a surplus of $215K, with revenue exceeding expenses. The organization holds $926K in liabilities against $3.2M in assets (debt-to-asset ratio: 28.6%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.1M | $3.2M | $926K | — | View 990 |
| 2022 | $3.1M | $3.2M | $3.2M | $1.1M | — | View 990 |
| 2021 | $2.8M | $2.8M | $3.3M | $1.2M | — | View 990 |
| 2020 | $1.3M | $1.7M | $3.6M | $1.4M | — | — |
| 2019 | $3.2M | $3.3M | $3.5M | $988K | — | View 990 |
| 2018 | $3.2M | $3.3M | $3.7M | $1.1M | — | View 990 |
| 2017 | $3.2M | $3.0M | $3.9M | $1.3M | — | View 990 |
| 2016 | $3.1M | $3.1M | $3.5M | $1.0M | — | View 990 |
| 2015 | $2.9M | $3.1M | $3.6M | $1.3M | — | View 990 |
| 2014 | $2.7M | $2.7M | $3.6M | $1.1M | — | View 990 |
| 2013 | $2.5M | $2.4M | $3.5M | $827K | — | View 990 |
| 2012 | $2.4M | $2.2M | $3.3M | $788K | — | View 990 |
| 2011 | $2.1M | $1.8M | $3.0M | $670K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.1M, and assets of $3.2M (revenue +6.0% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.2M, and assets of $3.2M (revenue +14.2% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.8M, and assets of $3.3M (revenue +104.4% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.7M, and assets of $3.6M (revenue -57.5% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.3M, and assets of $3.5M (revenue -1.9% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.3M, and assets of $3.7M (revenue +0.2% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.0M, and assets of $3.9M (revenue +2.5% year-over-year).
- 2016: Revenue of $3.1M, expenses of $3.1M, and assets of $3.5M (revenue +8.6% year-over-year).
- 2015: Revenue of $2.9M, expenses of $3.1M, and assets of $3.6M (revenue +8.9% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.7M, and assets of $3.6M (revenue +5.4% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.4M, and assets of $3.5M (revenue +7.0% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.2M, and assets of $3.3M (revenue +11.7% year-over-year).
- 2011: Revenue of $2.1M, expenses of $1.8M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Industrial Asset Management Council Inc:
Data Sources and Methodology
This transparency report for Industrial Asset Management Council Inc 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.