American Assoc of Textile Chemists and Colorists

EIN: 042103653 Community Improvement

Research Triangle Park, NC

Total Revenue
$2,511,296
Total Expenses
$3,277,795
Total Assets
$15,612,100
Net Assets
$15,020,099
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1921
Legal Domicile
NC
Principal Officer
Christina Rapa
Phone
9195498141
Tax Period
2025-01-01 to 2025-12-31

American Assoc of Textile Chemists and Colorists, founded in 1921, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. Expenses of $3.3M exceeded revenue, resulting in a 31% operating deficit.

Mission

The Association is a technical and scientific society of individual and corporate members involved in textile, chemical and related industries. The objectives are to encourage research and interchange knowledge on the application of dyes and chemicals in the textile industry.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $213,878
Program Service Revenue $447,620
Investment Income $92,893
Other Revenue $1,756,905
TOTAL REVENUE $2,511,296

Expense Breakdown

Grants Paid $15,730
Salaries & Benefits $1,986,807
Fundraising Expenses $0
Other Expenses $1,275,258
TOTAL EXPENSES $3,277,795

Year-over-Year Comparison

2025 2024 Change
Revenue $2,511,296 $2,889,933 -0.1%
Expenses $3,277,795 $2,588,202 +0.3%
Net Income $-766,499 $301,731 -3.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
18
Employees
21
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
1
$195,297
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gregg Woodcock Executive Director 30.00
Key Emp
$195,297 $0 $195,297
John Crocker Immediate Past President 1.00
Director
$0 $0 $0
Charles Gavin Emeritus Treasurer 1.00
Director
$0 $0 $0
John Y Daniels Emeritus Exec VP 1.00
Director
$0 $0 $0
Christina Rapa President and Board Chair 1.00
Officer
$0 $0 $0
Carol Revels President Elect 1.00
Officer
$0 $0 $0
Barry Brady Treasurer 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,511,296 $3,277,795 $15,612,100 $-766,499
2024 $2,889,933 $2,588,202 $14,477,836 $301,731
2023 $2,477,294 $2,479,202 $12,339,081 $-1,908
2022 $2,648,715 $2,205,295 $10,576,001 $443,420
2021 $2,635,238 $2,304,912 $12,399,881 $330,326
2020 $3,675,468 $2,395,428 $10,214,126 $1,280,040
2019 $2,588,570 $2,488,345 $9,500,580 $100,225
2018 $2,680,064 $2,402,780 $8,106,865 $277,284
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