TY 2020 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) JOE ASHLEY......................................................................
DIRECTOR

0.50
.................

(2) WILLIAM DULL......................................................................
DIRECTOR

0.50
.................

(3) LAILA DURBAN......................................................................
DIRECTOR

0.50
.................

(4) ALEX GIANARAS......................................................................
PRESIDENT

0.50
.................

(5) BLAIN GRAY......................................................................
TREASURER

0.50
.................

(6) ROBERT PRESCOTT......................................................................
DIRECTOR

0.50
.................

(7) BOB ROSS......................................................................
DIRECTOR

0.50
.................

(8) STEPHEN TUCKWELL......................................................................
DIRECTOR

0.50
.................

(9) BRIAN WELLS......................................................................
VICE PRESIDENT

0.50
.................

(10) CHUCK WILD......................................................................
IMA CHAIR

0.50
.................

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

THE TRANSFORMER ASSOCIATION

Employer identification number

23-7357964

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 3	THE ASSOCIATION IS MANAGED BY THOMAS ASSOCIATES, INC., WHO PROVIDES ALL SUPPORTING AND MANAGEMENT DUTIES.
FORM 990, PART VI, SECTION A, LINE 6	THE ASSOCIATION HAS THE FOLLOWING CLASSES OF MEMBERSHIP: MANUFACTURER: ANY BUSINESS ENTITY MANUFACTURING INDUSTRY PRODUCTS. (INDUSTRY PRODUCTS INCLUDE ELECTROMAGNETIC DEVICES, SUCH AS TRANSFORMERS AND INDUCTORS.) INDUSTRY SUPPLIERS: ANY BUSINESS ENTITY SUPPLYING PRODUCTS OR SERVICES FOR MANUFACTURER MEMBERS. IMA WORKING GROUP: ANY BUSINESS ENTITY WHO IS A MANUFACTURER OR DISTRIBUTOR OF SOFT MAGNETIC PRODUCTS. SAFETY AGENCY: ANY BUSINESS ENTITY WITH THE PRIMARY FUNCTION OF WRITING SAFETY STANDARDS, PROVIDING SAFETY CERTIFICATION AND/OR SAFETY TESTING RELATED TO PRODUCTS MANUFACTURED BY MANUFACTURER OR INDUSTRY SUPPLIER MEMBERS. THIS IS A NON-VOTING CLASSIFICATION INTENDED TO PROMOTE FULL PARTICIPATION BY SAFETY AGENCY MEMBERS IN THE WORK AND ACTIVITIES OF THE ASSOCIATION. EDUCATION: ANY PERSON REPRESENTING A NOT-FOR-PROFIT INVOLVED IN RESEARCH, EDUCATION, AND/OR INSTRUCTION OF TRANSFORMERS OR RELATED PRODUCTS. HONORARY MEMBERSHIP: NON-VOTING MEMBERSHIP OF PERSONS WHOSE CONTRIBUTIONS TO THE TRANSFORMER INDUSTRY ARE RECOGNIZED BY THE BOARD OF DIRECTORS OF THE ASSOCIATION. HONORARY MEMBERS HAVE ATTENDED PREVIOUS TTA MEETINGS AND HAVE BEEN EMPLOYED BY AN ENTITY WHO HELD MEMBERSHIP IN TTA AT SOME POINT IN TIME. HONORARY MEMBERSHIP IS A NON-DUES PAYING MEMBERSHIP CATEGORY.
FORM 990, PART VI, SECTION A, LINE 7A	MANUFACTURER MEMBERS SHALL HAVE ALL OF THE PRIVILEGES OF MEMBERSHIP, INCLUDING VOTING AND HOLDING ELECTIVE OFFICE. INDUSTRY SUPPLIER AND IMA WORKING GROUP MEMBERS SHALL HAVE ALL OF THE PRIVILEGES OF MEMBERSHIP INCLUDING VOTING AND HOLDING ELECTIVE OFFICE. SAFETY AGENCY AND EDUCATION MEMBERS SHALL HAVE ALL THE PRIVILEGES OF MEMBERSHIP ENJOYED BY INDUSTRY MEMBERS, EXCEPT THAT OF VOTING AND HOLDING ELECTIVE OFFICE. FOR PRUDENTIAL REASONS, THE BOARD OF DIRECTORS MAY, AT ITS DISCRETION, EXCLUDE PARTICIPATION BY SAFETY AGENCY MEMBERS IN CERTAIN COMMITTEES SUCH AS THE TTA/UL POLICY COMMITTEES. THE BOARD OF DIRECTORS SHALL BE COMPOSED OF THE PRESIDENT, VICE PRESIDENT, SECRETARY-TREASURER, IMMEDIATE PAST PRESIDENT AND SIX ELECTIVE DIRECTORS, 3 MANUFACTURERS, ONE OF WHICH WILL BE THE TECHNICAL COMMITTEE CHAIRMAN, 3 SUPPLIER MEMBERS, ONE OF WHICH WILL BE AN IMA GROUP MEMBER, BUT ONLY IF THERE ARE A MINIMUM OF (5) IMA GROUP MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA AND REVIEWED BY STAFF AND THE EXECUTIVE DIRECTOR.
FORM 990, PART VI, SECTION B, LINE 15	THE FEES FOR INDEPENDENT CONTRACTORS ARE DETERMINED BY AND APPROVED BY THE BOARD OF DIRECTORS. COMPETITVE QUOTES WERE OBTAINED WHEN REQUESTED.
FORM 990, PART VI, SECTION C, LINE 19	THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS (FORM 990) ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:	UNCOLLECTIBLE ACCOUNTS -7,620. TO ADJUST FOR DIFFERENCE IN BEGINNING NET ASSETS ON FINANCIAL STATEMENTS -1,296.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO STRENGTHEN THE TRANSFORMER INDUSTRY IN NORTH AMERICA AND TO BE THE VOICE OF THE INDUSTRY.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	10
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	10
5	Total number of individuals employed in calendar year 2020 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	68
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	101,909	82,099
9	Program service revenue (Part VIII, line 2g) .........	111,816	5,250
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	0	0
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	213,725	87,349
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	0	0
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	201,503	100,105
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	201,503	100,105
19	Revenue less expenses. Subtract line 18 from line 12.......	12,222	-12,756
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	170,785	110,766
21	Total liabilities (Part X, line 26).............	41,528	3,181
22	Net assets or fund balances. Subtract line 21 from line 20.....	129,257	107,585

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	MEETINGS: THE MEETINGS PROVIDE MEMBER COMPANY EXECUTIVES WITH AN OPPORTUNITY TO SHARE IDEAS AND INFORMATION WITH OTHER SENIOR LEVEL EXECUTIVES AND HAVE BUSINESS AND INDUSTRY PRESENTATIONS TO EDUCATE MEMBERS ON BUSINESS ISSUES, ECONOMIC ISSUES, INDUSTRY TRENDS AND EMERGING TECHNOLOGIES. THIS FURTHERS THE EXEMPT PURPOSE TO STRENGTHEN THE TRANSFORMER INDUSTRY.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	WEBSITES: THE MAIN PURPOSE OF THE WEBSITE IS TO KEEP MEMBERS AND OTHER INTERESTED PARTIES INFORMED ABOUT ASSOCIATION ACTIVITIES. THE WEBSITE ALSO PROVIDES A LISTING OF MEMBERS AND INFORMATION ON TRANSFORMERS. THIS FURTHERS THE EXEMPT PURPOSE TO STREGTHEN THE TRANSFORMER INDUSTRY IN NORTH AMERICA AND TO BE THE VOICE OF THE INDUSTRY.

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	INSTITUTE FOR TREND RESEARCH: THE INSTITUTE FOR TRENDS RESEARCH PROVIDES QUARTERLY ECONOMIC REPORTS. THIS FURTHERS THE EXEMPT PURPOSE TO STRENGTHEN THE TRANSFORMER INDUSTRY.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b	82,099
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		82,099

		Business Code
2a	WEBSITE ADVERTISING	900099	3,250	3,250
b	MEETINGS	900099	2,000	2,000
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		5,250

3 Investment income (including dividends, interest, and othersimilar amounts) ......
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			87,349	5,250	0	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......	70,780
b	Legal .........	11
c	Accounting ...........	1,100
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	6,100
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...	1,835
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	INSTITUTE FOR TRENDS RE	12,950
b	OTHER EXPENSES	3,757
c	CC/BANK FEES	1,876
d	COMMUNICATIONS	1,674
e	All other expenses	22
25	Total functional expenses. Add lines 1 through 24e	100,105
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			1
2	Savings and temporary cash investments .........		158,357	2	106,976
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............		12,428	4	3,790
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........			7
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......			9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
11	Investments—publicly traded securities .			11
12	Investments—other securities. See Part IV, line 11 .....			12
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14
15	Other assets. See Part IV, line 11 ...........			15
16	Total assets. Add lines 1 through 15 (must equal line 33)...		170,785	16	110,766

17	Accounts payable and accrued expenses .....	41,528	17	3,181
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	41,528	26	3,181

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	129,257	27	107,585
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	129,257	32	107,585
33	Total liabilities and net assets/fund balances ........	170,785	33	110,766

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................
d	Other exempt purpose expenditures ...............................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................	Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2017	(b) 2018	(c) 2019	(d) 2020	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
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