Document 4QQ6ermj6bVD10X076k8Jpx8Q

| EXHIBIT I Borneo I ANNUAL REPORT 1 975 mOTHD' \ V ^' ^ M I BOARD OF TRUSTEES Chairman Edward J. Slack PPG Industries, Inc. Vice Chairman S. D. Steiner, M.D. General Motors Corporation Secretary Joseph T. Noe, M. D. Inland Steel Company President Daniel C. Braun, M. D. Industrial Health Foundation T reasurer James E. Foster Mellon Bank Thomas W. Carmody Union Carbide Corporation Dr- William N. Maclay Hoppers Company, Inc. H. G. Crook Westinghouse Electric Corporation Kenneth W. Nelson ASARCO Incorporated William J. Cunnick, Jr. , M. D. Metropolitan Life Insurance Company Clifford L. Sheckler Thermal Insulation Manufacturers Assn. James P. Dunn, M. D. Western Electric Company, Inc. C. Thomas Spivey United States Steel Corporation Warren S. Ferguson Allied Chemical Corporation John Vyverberg Owens-Corning Fiberglas Corporation Robert G. Hampel Aluminum Co. of America Leroy K. Wheelock St. Joe Minerals Corporation Dr- Theodore S. Herman Carnegie-Mellon Institute of Research Allen P. Wherry Thomas Associates Milton G. Hulme Mine Safety Appliances Company Raymond A. Yerg, M. D. American Can Company Andrew Kalmykow American Insurance Association Dr. John A. Zapp, Jr. E. I. du Pont de Nemours 8r Company "p ........................................................ x 1975 OVERVIEW Like most other enterprises, the Foundation felt the impact of the recession and economic dislocations which marked 1975. As a result, income from several service areas decreased somewhat as compared to 1974.. Fortunately, several forward-looking actions taken in recent years began to produce income which partially offset these declines. For exam ple, income from the analytical laboratory which was established in April of 1974 was triple that of the first year's operations. Similarly, our in creased emphasis on educational activities enabled us to maintain the level of income from these sources in spite of the energy shortage and reduced travel budgets. The most important single factor with respect to income, however, was the unusually good performance in surveys, both engineer ing and medical, for member companies. In this connection, it is worthy of note that this type of service was provided to thirty different member companies, or better than one out of five of the organizations holding mem bership in the Foundation. Total operating income for the year amounted to $309, 000, an in crease of $40, 000 over the previous period. At the same time, however, operating expenses increased considerably. Much of this increase was in the higher cost of materials and services purchased, escalated utility and postal rates, and expanded employee benefits. Added maintenance on the twenty-year old headquarters building amounted to over $3, 000, and legal fees in connection with litigation accounted for more than $5, 000. Another item of extraordinary cost was a final payment to the subcontrac tor on the old NIMH grant which necessitated an outlay of over $7, 000. The toxicology laboratory, returned to Pittsburgh in the fall of 1974 and moved to larger quarters at the end of that year, caused necessary expenditures for capital acquisition, as well as for developmental work. Total operating expense was $361, 000 leaving an operating deficit of $52, 000. This was partially offset by $40, 000 in grants from the Trus tees Fund, which are detailed elsewhere in this report. Capital expenditures amounted to approximately $6, 000 for new technical equipment, including an oxygen indicator and an octave band an alyzer. Thus, the net result of the year's fiscal operations was a deficit of $18. 000. The balance sheet included in this report requires some explana tion. An extensive medical survey was about 75% completed during 1975, but had been paid for in full before the end of the year. In the auditor's view, the total income from this project was treated as a liability and listed as "payment on uncompleted project. " We believe this gives a dis torted picture of the total liabilities by approximately $17, 000. 1 .................................................. Services rendered to member companies are detailed in the follow ing sections, but several comparatively innovative types of service might be mentioned here. As is well known, companies within the same industry have sometimes hesitated to meet with each other to discuss mutual prob lems of industrial health because of the restrictions of the antitrust laws. IHF has arranged to provide a means by which member companies can legally meet under its aegis, for the purpose of discussing scientific ap proaches to worker health. Another innovation is structuring and conduct ing training courses exclusively for personnel of a single member com pany, either on the company's premises or elsewhere. Finally, recog nizing the importance placed on epidemiologic data by NIOSH and by EPA, the Foundation has taken steps to increase our capabilities in the perform ance of this type of study. For the year 1975 IHF can point to a strengthened staff, additional equipment and broader capabilities, and looks forward to 1976 with con fidence. Best of all, this has been made possible entirely by the dedica tion and continued efforts of the devoted staff. President | i1 uaiyyp11"111,11111 2 JHF SERVICES Twenty-nine industrial hygiene surveys, one safety audit, and four occupational medicine reviews were conducted for 30 member companies in 1975. Instrumented plant surveys included determinations for dust lev els, fumes, noise and asbestos counts. Engineering services added an oc tave band analyzer and several new personal sampling pumps to its reserve to provide members with the most up-to-date, effective monitoring equip ment available. A comprehensive medical audit was carried out for one company covering operations in eight locations, and two member compan ies are receiving medical consultation on a scheduled basis to augment their own programs. Field surveys are an increasingly important serv ice, especially to members without established departments within their companies. IHF's professional staff is backed by 40 years' experience in this and related fields, offering members a marked advantage in finding solutions to their occupational health problems. Over the past three years, IHF's Analytical Laboratory has doubled the number of analyses performed each year. These include gravimetric determinations, x-ray diffraction for free silica, asbestos fiber counting, gas chromatography of a wide variety of organic materials, as well as atomic absorption spectrophotometry, and techniques for inorganic com pounds for metals. Located in Carnegie-Mellon Institute for Research, the Analytical Laboratory is in the final stages of seeking accreditation by the American Industrial Hygiene Association, which includes participation in the NIOSH Proficiency Analytical Testing Program. Samples taken dur ing IHF's industrial hygiene field surveys are analyzed without delay, pro viding members timely service at a special member rate. Mr. Dennis R. Balya joined the staff in November, 1975, as Supervisor of the laboratory. The Toxicology Laboratory was moved in December to new and ex panded quarters in the Eureka Building, 3400 Forbes Avenue, in the Oak land section of Pittsburgh. The expansion will assure its capability to meet anticipated larger work loads when the Toxic Substances bills become law. For many years the laboratory has conducted extensive research in the field of pulmonary diseases employing both inhalation and intratracheal techniques. One short-term study was carried out during 1975, and a long term intratracheal study continued. An additional long-term project was initiated, involving the implantation of platy materials in laboratory ani mals. Short-term toxicity studies of industrial chemicals and household products may include acute oral administration, eye irritation, skin pene tration and irritation, acute inhalation, skin sensitization and feeding studies. All procedures are in accordance with the provisions of the Fed eral Hazardous Substances Act. An epidemiology study was made for a member company to deter mine the incidence of silicosis in their specific industry. Projects of 3 i'usiyyyy111""1,111,11 this kind are expected to become a major activity of IHF in the coming years as the demand for this kind of data increases. The calendar of 1975 meetings and courses gives evidence of the broad coverage of occupational health problems given consideration this past year: January 15-17 Eleventh Engineering Discussional (for IHF Members only) on "Current Environmental Control Techniques". March 12-13 Symposium on Silica. April 15-17 IHF/AIHA Training Course on "Industrial Health--Evaluation and Control Under OSHA". April 29-30 Symposium on Particulate Polycyclic Organic Matter. July 8-9 Symposium on Occupational Exposures Which Affect the Lung. This meeting"was held in the Notre Dame Continuing Education Center, Notre Dame, Indiana. September 4- 5 Training Course for Occupational Health Nurses on "Cardiovascular Disease--Evalua tion, Assessment, Rehabilitation". September 15-17 September 22-24 Training Courses especially designed for rep resentatives of the United States Fidelity and Guaranty Company, held in Baltimore, Mary land. October 22-23 IHF 40th Anniversary Annual Meeting Program on "The Proposed Toxic Substances Control Act; The Clean Air Act; and Affirmative Ac tion Program for the Handicapped". December 10-11 Medical-Legal Discussional (for IHF Members only) in New York City on "Legal and Ethical Considerations of Occupational Medicine". One hundred four persons from 69 companies participated in the two open training courses, and comments by registrants were especially complimentary. Total attendance for all meetings and courses this year was 569. Certificates are awarded for completion of each course, and the Nurses Course is accredited for continuing education units. 4 'IfIMP""......... 1111 In addition, the professional staff provided individual in-house training during January for an industrial hygienist in training in one mem ber company. This type of concentrated on-the-job training is especially helpful to persons seeking to gain understanding of the total occupational health and safety spectrum. As yet another service, IHF arranges and coordinates details of special meetings for member companies. Discussion of occupational health problems under the aegis of the Foundation can avoid antitrust legal restrictions, and provide companies from the same industry the opportu nity to consider freely employee health matters of mutual interest. Such meetings were arranged for two groups of members. In an effort to reactivate the IHF Scientific and Professional Com mittees a joint meeting was held on February 12 at Carnegie-Mellon Insti tute, Pittsburgh, to acquaint the members with IHF's overall objectives, to discuss the purpose of these committees, and to develop specific pro grams for the coming year. The Industrial Hygiene Digest, the monthly publication of occupa tional safety and health abstracts from more than 100 scientific publica tions, continues to be a most valuable service to IHF members. Compan ies receive a specified number of subscriptions as a part of dues, and ad ditional subscriptions may be purchased at a special rate. Subscriptions are also available to non-members. The accumulation of abstracts since 1935 numbers nearly 44, 000. Literature searches begin with this data bank and are carried out by using the extensive medical and technical information centers in the Pittsburgh area and computerized national medical library systems. Proceedings of the Symposia on Isocyanates and on the Toxicity of Metals were published during 1975. Both had wide appeal. Two issues of Memos to Members, IHF's newsletter, were dis tributed to members during the year. Articles on health and safety are included in the Memos along with a report of IHF programs and activities. The answering of telephone and written inquiries on a myriad of subjects relating directly or indirectly to occupational health is a most important function of Information Services. All members of IHF's pro fessional staff contribute expertise for this service, and the number tabu lated for the year averaged over 40 per month. pueiiuo1,1,1111111111 5 NEW DEPARTMENT AT IHF Because of increasing printing needs and rising costs for outside services, IHF opened its own offset printing shop in June of this year. Equipment includes a photomat platemaker with automatic reducer, an offset press, automatic collater, folder and staplestitcher, and graphotype and addressing machines. Typical of all new ventures, many prob lems were encountered in the first several months of operation which de layed publication of the Industrial Hygiene Digest. Production has im proved and the print shop is expected to become a vital part of improved communication with members. STAFF ACTIVITIES Dr. Braun spoke on "Environmental Sampling -- A Physician's Viewpoint" at an Occupational Health and Illness Seminar sponsored by the American Insurance Association on January 29 in Pittsburgh. At IHF's training course for occupational health nurses on September 4-5, his subject was "Placement of the Cardiac Employee. " On December 23, Dr. Braun attended the Swearing-in Ceremony and reception for Dr. Mor ton Corn as the new Assistant Secretary of Labor for Occupational Safety and Health. Mr. Speicher spoke on "Technological Measures and the Role They Play in Preventing Occupational Accidents and Sickness" at the Interna tional Scientific Symposium in Poznan, Poland on April 22, by special invitation from the United States Department of Labor. His paper was presented along with those of lecturers from fourteen countries. The three-day meeting on the "Protection of a Human Being in his Working Environment" is considered to be the first of its kind. Mr. Speicher also attended the American Industrial Hygiene Association conference June 2-6 in Minneapolis. Mr. Brian attended the Symposium on Workplace Hazard Monitor ing conducted by the American Conference of Governmental Industrial Hygienists on December 8-9 in Cincinnati. Mr. Reilly spoke on "Guideposts for Making a Facility Safety Audit" January 29-30, in Pittsburgh for the ALA sponsored seminar. On April 16-18, Mr. Reilly attended the Western Pennsylvania Safety Conference in Pittsburgh, and on October 29 - November 2, he attended the National Safety Congress in Chicago. 6 I-;H F MEMBERS Date Joined ComDanv 1937 1936 1956 1936 1969 1947 1971 1938 1944 1957 1937 194 5 1944 1967 1936 1969 1966 1970 1974 1970 1944 1955 1953 1952 1971 1968 1974 1958 1974 1972 1975 1958 1973 1972 1975 1975 1974 -1952 1973 1937 1937 1936 1966 1973 1975 1956 1964 1973 1974 1936 1970 1947 1951 1942 1974 1954 Abrasive Grain Association Allegheny Ludlum Industries, Inc. Allied Chemical Corporation Aluminum Company of America Aluminum Company of Canada, Ltd. American Can Company American Foundrvmen's Society ^American Insurance Association American Iron and Steel Institute American Metal Climax, Inc. A.merican Mining Congress American Mutual Insurance Alliance American Optical Corporation American Petroleum Institute ASARCO Incorporated American Textile Mfrs. Institute, Inc. ARCO/Polymers, Inc. Argonaut Insurance Company BASF Wyandotte Corporation The Bahnson Company Brush Wellman, Inc. CPC International, Inc. Can Manufacturers Institute, Inc. Celanese Corporation Cemented Carbide Producers Assn. Certain-Teed St. Gobain Insulation Corp. Chrysler Corporation Ciba-Geigy AG Colt Industries Inc. Columbia Gas System Service Corporation Commercial Shearing, Inc. Companhia Siderurgica Nacional Consolidated Fdison Co. of New York, Inc. Consolidated Natural Gas Service Company Consolidation Coal Company, Inc. D'Appolonia Consulting Engineers, Inc. DeSoto, Inc. Diamond Shamrock Corporation Dow Chemical U. S. A. Drakenfeld Division, Hercules, Inc. Dravo Corporation E. I. du Pont de Nemours b Company Eastman Kodak Company Minerals U Chemicals Division, Engelhard Minerals & Chemicals Corp. Epic Metals Corporation Equitable Life Assurance Society of U.S. Exxon Corporation Falcon Foundry Company Fostoria Glass Company Foundry Supply Manufacturers Group General Cigar Company, Inc. General Electric Company General Mills, Inc. General Motors Corporation General Refractories Company Georgia Kaolin Company 1S75 Date Joined Company 1937 1950 1936 1 972 1973 1937 1975 1973 1947 1947 1970 1974 1936 1939 1955 1974 1942 1970 1968 1974 1937 1966 1970 1937 1965 1974 1936 1974 1975 1936 1937 1974 1973 1972 1953 1936 1937 1937 1972 1975 1970 1938 1970 1973 1968 1937 1972 1973 1937 1956 1956 1971 1974 1972 1974 1956 1975 -Grinding Wheel Institute Gulf Oil Corporation Hall China Company Heinz U.S. A. (Div. of H. J. Heinz Co. ) Howell Industrial Clinic Huntington Alloys, Inc- Industrial Gasket tt Shim Co., Inc. Ingersoll-Rand Company Inland Steei Company IBM Corporation International Lead Zinc Research Org. International Technical Information Inst. Johns-Manville Corporation Jones b Laughlin Steel Corporation Kawecki Berylco Industries, Inc. Kopp Glass, IncKoppers Company, IncLaclede Steel Company Homer Laughlin China Company Lenox Crystal, Inc. J. S- McCormick Company Marcona Mining Company Marion Health & Safety, Inc. Metropolitan Life Insurance Company Miles Laboratories, Inc. Milliken Brick Company Mine Safety Appliances Company Mobay Chemical Company Monongahela Iron & Metal Company, Inc. Motor Vehicle Mfrs. Assn, of U-S. , Inc. NL Industries, Inc. National Annealing Box Company National Forge Company Organization Resources Counselors, Inc. Owens-Corning Fiberglas Corporation Owens-Illinois, Inc. PPG Industries, Inc. Pennsylvania Glass Sand Corporation Peoples Natural Gas Company Pittsburgh L Lake Erie Railroad Pneumafil Corporation Portland Cement Association Potters Industries, IncPullman-Standard Raybestos-Manhattan, IncH. H- Robertson Company Safety First Industries, Inc. The Sager Glove Corporation St. Joe Minerals Corporation Sauereisen Cements Company Seattle Services Division, The Boeing CoSelenium-Tellurium Development Assn. , Inc. Sharon Steel Corporation Shell Oil Company Shenango Incorporated Soap and Detergent Association The Standard Oil Company Multiple Membership nifiUyiyy^iiiiiiiiiiiiii IHF MEMBERS Date J oined 1962 1965 1969 1966 1970 1972 1936 1 074 1970 1936 1 936 Company Stauffer Chemical Company Sturm, Ruger It Company, Inc. Tenneco, Inc. Thermal Insulation Manufacturers Association, Inc. Travelers Insurance Companies Tri-State Engineering Company Union Carbide Corporation U. S. Mineral Products Company U. S. Potters Association United States Steel Ccmcriticr. Date J oined I960 1938 1975 1975 1974 1937 1962 1937 1968 ' c*" 1975 Company Van Straaten Chemical Company Vesuvius Crucible Company Vulcan Mold L Iron Company Washington Mould, Machine & Foundry Company Watson-Standard Company Wedron Silica Division, Del Monte Properties Company WeiterL lfeCtTic Culiipaliy, Inc. Westinghouse Electric Corporation Arthur C- Withrow Company = r-. - 1 - --- -- NEW MEMBERS The Ansul CompanyConsolidation Coal Company, Inc. E- D'Appolonia Consulting Engineers, Inc. Epic Metals Corporation Industrial Gasket & Shim Company, IncMonongahela Iron & Metal Company, Inc. Pittsburgh & Lake Erie Railroad The Standard Oil Company Vulcan Iron 8r Mold Company Washington Mould, Machine & Foundry Company Young Galvanizing, Inc. ..................................................... 8  C-'O M M I T T E E S ENGINEERING Richard S. Brief Esso Research & Engineering Co. P. S. Eshelman General Motors Corp. Ross J. Elson Inland Steel Co. LEGAL Richard E. Day Pennsylvania Glass Sand Corp. Robert Gillespy Squire, Sanders & Dempsey MEDICAL Thomas S. Ely, M. DEastman Kodak Co. Lee B. Grant, M. D. PPG Industries, Inc. NURSING Mrs. Dorothy Dean, R. N. Jones b Laughlin Steel Corp. Mrs. Jean W. Eraser, R. N. PPG Industries, Inc. TOXICOLOGY Dr. Anna M. Baetjer The Johns Hopkins University 1975 Chairman William J. Schreibeis Bell Telephone Laboratories Dr. Donald R. Lynam International Lead Zinc Res. Org. James F. Morgan E. I. du Pont de Nemours b Co. George L. Swallow Johns-Manville Corp. R. H. Watson Aluminum Co. of America Gary E. Welch St. Joe Minerals Corp. Joseph E. Zatek Mine Safety Appliances Co. Chairman Andrew Kalroykow American Insurance Association Edward E. Kuebler Kuebler b Del Deo J. Paul Martha Reed, Smith, Shaw b Me Clay Douglas Soutar ASARCO Inc. James S. Stickles American Mutual Ins. Alliance Chairman Robert C. Thompson, M. D. General Electric Company Robert J. Halen, M. D. Jones b Laughlin Steel Corp. E. Quentin Hull, M. DUnion Carbide Corp. Raymond F. Peters, M. D. Dravo Corp. Edward R. Plunkett, M. DCily of Hope National Medical Center Otto P- Preuss, M. D. Brush Wellman Inc. Chairman Mrs. Helen Kunzler, R. N. United States Steel Corporation Mrs. P. Jean Klara, R. NKoppers Co., Inc. Miss Barbara Miller, R. N. Aluminum Co. of America Miss Ann R. Roseta, R. N. Drayo Corp. Miss Janet M- Ruff, R. NSouth Carolina Dept, of Health b Environmental Control Miss Rae Wharton, R. N. Pittsburgh Bulk Mail Center Chairman James M- McNerhey American Petroleum Institute Howard E. Bumsted U- S. Steel Research Laboratory Dr- V. K. Rowe Dow Chemical Co. 9 Dr. Robert A. Scala Esso Research Engineering Co. 11 |^iyyi,j'ii'i"|i |""| MINUTES ANNUAL BUSINESS MEETING OF IHF MEMBERS Mellon Institute Auditorium, Pittsburgh, Pa. October 23, 1 975 The meeting was called to order by the Chairman, Mr. Edward J. Slack at 2:35 p. m. In the absence of both the secretary and treasurer, the reading of the minutes of the meeting of October 23, 1 974, was dispensed with and a motion was made by Mr. John Janous and seconded by Or. Webb that they be accepted as previously circulated. The financial report was incorporated into Dr. Braun's report of the activities of the Foundation. Mr. Slack then turned the meeting over to Dr. Braun who reported as follows: To date in 1975, eleven new members have joined the Foundation and during the same period, nine have resigned. Publications from the Information Services include the proceedings of the Sympus luiii vii TuXiwity Ctl Metals and the Symposium on Isocyanates- Proceedings of the Symposium on Silica and the Symposium on Par ticulate Polycyclic Organic Matter are in preparation. A technical booklet on the Health Aspects of Fibrous Glass and a Bibliography of Free Silica have also been published, and the Decennial Index of the Industrial Hy giene Digest is in preparation, as is a Sampling Procedure manual. Surveys Fourteen engineering surveys and four medical surveys have been completed. Two joint engineering and medical surveys are in progress, as is one corporation-wide medical survey. One safety survey is in progress. Projects A project on the physiological effects of heat has been completed, and an epidemiological study among pot tery workers has also been completed. A long-term toxicology study of fibrous material is in progress. Meetings and Courses Eleven meetings and courses were conducted during the year, including the Annual Meeting. A Medical/ Legal conference is scheduled for December. One training course was conducted in two sessions for a member company in its offices, and was highly successful. Finances At the end of the third quarter, the Foundation showed a deficit of approximately $22, 000 and it was pointed out that this would have been considerably higher had it not been for the gifts and grants received by way of the Trustee's Fund. The forecast for the fourth quarter appears to indicate that this deficit can be-reduced some what. It was pointed out that the income of the second and third quarters is traditionally low as compared with the first and fourth quarters. Dr. Braun called for reports by the chairman of the Medical Committee. In the absence of the Chairman of the Medical Committee, Dr. Braun reported that he and Dr. Thompson had met to discuss the activities of the Committee (trip to Stratford, Connecticut). Subsequently, Dr. Thompson met with Mr. Kalmykow, the Chairman of the Legal Committee at the latter's office to discuss the program for the Medical/Legal Conference in Decem ber. On October 21, 1975, the Medical Committee and a representative of the Legal Committee met to discuss this Discussional in greater detail. Mrs. Helen Kunzler, Chairman of the Nursing Committee, reported for that committee. Mr. William Schreibeis reported for the Engineering Committee. Mr. James McNerney reported for the Toxicology Committee. Dr. Webb, Chairman of the Committee on Nominations, presented the slate of nominations for the eight vacancies on the Board. They are as follows: Three-Year Term Thomas W. Carmody Warren S- Ferguson Robert G. Hampel Theodore S- Herman Milton G. Hulme, Jr. S. D. Steiner, M. D. John F. Vyverberg William M. Zarrella Union Carbide Corp. Allied Chemical Corp. Aluminum Co. of America Carnegie-Mellon Institute of Research Mine Safety Appliances CoGeneral Motors Corp. Owens-Corning Fiberglas Corp. Gulf Oil Corp. 10 There being no nominations from the floor, it was moved by Mr. Slack and seconded by Dr. Noe that the nominations be accepted, and this was carried out unanimously. Dr. Braun thanked the Chairmen for their reports and turned the meeting back to Mr. Slack, who pointed out that the deficit discussed earlier was the basis for the action of the Board of Directors in increasing the dues for the coming year. Both Dr. Braun and Mr. Slack thanked the outgoing members of the Board for their support and assistance over the period of their tenure and the meeting was adjourned at 3:55 p. m. DCB:jlc President, for Joseph T. Noe, M. D. Secretary WEIDLEIN SCIENTIFIC LECTURE The Edward Ray Weidlein Scientific juecture was instituted in 1973 to recognize the assistance Dr. Weidlein gave to IHF in its early years, when he was President of Mellon Institute- In 1975, IHF honored Dr. Anna M. Baetjer as the third lecturer in this series, and her sub ject was "The Dilemma in Toxicology. " Dr. Baetjer is Professor Emer itus in the Department of Environmental Medicine of The Johns Hopkins University School of Hygiene and Public Health. Dr. Theodore F- Hatch, Professor Emeritus of the University of Pittsburgh, was selected as the first lecturer, and Mr. Leo Teplow, Special Consultant to Organization Resources Counselors was honored in 1974. "PlBlWiTM1"""11 11 INDUSTRIAL HEALTH FOUNDATION. INC. BALANCE SHEET DECEMBER 3i, 1975 AND 1974 ASSETS Current Assets Cash in Banks and On Hand Investments Accounts Receivable Inventories Work in Progress Prepaid Insurance Travel Advances Total Current Assets Land, Building and Equipment Land Building Equipment and Fixtures Automobile Total Less -- Accumulated Depreciation Net Book Value 1975 23. 952.70 - 7, 483. 25 1. 200. 00 25.052.74 558. 08 22 7. 4 5 58, 474. 22 1974 25. 739- 56 24, 549. 20 9, 358- 1 1 1, 200. 00 - 263.59 200. 00 61, 310. 46 121, 745. 00 96. 795. 41 26. 989. 70 3, 233. 00 248, 763. 11 51. 794.48 196, 968.63 255,442. 85 121, 745. 00 96,795.41 24,292.10 3, 233. 00 246,065.51 46, 094. 77 199. 970. 74 261. 281.20 LIABILITIES AND MEMBERS' EQUITY Current Liabilities Accounts Payable Mortgage Payable - PIDA - Current Portion Note Payable - RIDC - Current Portion Accrued Payroll Taxes and Withholdings Deferred Income Payment on Uncompleted Project Prepaid Dues Prepaid Subscriptions Total Current Liabilities Long-Term Liabilities - Installments Due After One Year Mortgage Payable - PIDA Note Payable - RIDC Total Long-Term Liabilities Members' Equity 3. 627. 03 6,352.05 227.00 402.26 23, 500. 00 58, 791- 66 11.902.30 104, 802.30 1. 801. 54 6, 226. 37 227.00 260.96 - 54,000.00 15. 652. 85 78, 168. 72 45. 750. 10 1, 362. 00 47, 112. 10 103, 528. 45 255, 442. 85 52, 102. 15 1. 589. 00 53. 691. 15 129,421.33 261, 281.20 Ar. Independenz Audiz by Vellinger, Nickel and Carnsany Certified Public Accountants Pittsburgh, Pennsylvania June 17, ZS7B llfiiyyp|,|',|,,iB 12 TRUSTEES FUND Early in 1974, the Board of Trustees initiated a fund drive to permit the Foundation to retire an accumulated debt, increase its staff, purchase needed equipment and generate capabilities for new income source^. Thirty-eight percent of the goal of SS'.'C, 0C0 was reached by December 1975. IHF gratefully acknowledges the support of the following companies in this fund drive: Alcoa Foundation PPG Industries Foundation General Motors Corporation International Business Machines Corporation United States Steel Corporation Metropolitan Life Insurance Company Union Carbide Corporation Mine Safety Appliances Company ASARCO, Incorporated Owens-Corning Fiberglas Corporation Koppers Company, Inc. American Can Company American Insurance Association Equitable Life Assurance Society $25, 000 25, 000 20, 000 25, 000 25, 000 15, 000 15, 000 10, 000 IQ, 000 5, 000 5, 000 5, 000 4, 000 I, 500 The funds have been used in part to equip the Analytical Laboratory at Carnegie-Mellon Institute of Research, expand the Toxicology Labora tory in the Eureka Building, purchase additional technical equipment, and add to IHF's professional staff. .................................................... 13 RECEIVED NOV 3 lS/o 1ND. RELS. DEPT. Daniel C. Braun, M. D. Dr c sid cut Michael Brian, M. SDirector of Membership Services George H. Reilly, A. B. Director of Safety and Training Paul Gross, M-D. Director of Pathology Research Sally Jo Carlysle Director of Office Services Jane F- Brislin, M-L-SDirector of Information Services Marianne Kaschak, B. SDirector of laboratory Services Dennis R. Balya, M-S. Supervisor, Analytical Laboratory H- Wilbur Speicher, M- SIndustrial Hygiene Engineer/ Health Physicist Mary Ann Babyak, B. SResearch Chemist Guy E. Dent Research Technician Sherry Kaiser Receptionist/Secretary Dee Montgomery Bookkeeper Ruth Hopper Secretary Jean L. Collins, A - BSecretary/Library Assistant Sandra Budkowski Technical Typist Debbie Sartoris Secretary 1975 fiiiywl,l,IBII,B