National Association of the Remodeling Industry (EIN 132506648) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Principal Officer

Tracy Wright

Phone

8472989200

Tax Period

2024-07-01 to 2025-06-30

National Association of the Remodeling Industry, founded in 1957, is a community nonprofit in the Community Improvement sector that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $3.3M left a modest 5% surplus.

Mission

NARI equips remodelers nationwide with resources to succeed and build trust with consumers for Remodeling Done Right.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,171,747

Investment Income $271,843

Other Revenue $50,139

TOTAL REVENUE $3,493,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,374,883

Fundraising Expenses $0

Program Expenses $2,450,269

Other Expenses $1,930,324

TOTAL EXPENSES $3,305,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,493,729	$3,730,306	-0.1%
Expenses	$3,305,207	$3,379,975	0.0%
Net Income	$188,522	$350,331	-0.5%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

$433,962

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andy Apter	Board Chair	0.00	Officer Director	$0	$0	$0
Jason Hensler	President	0.00	Officer Director	$0	$0	$0
Aaron M Enfinger	President Elect	0.00	Officer Director	$0	$0	$0
Jonathan Kelly	Treasurer	0.00	Officer Director	$0	$0	$0
Joe Bowen	Secretary	0.00	Officer Director	$0	$0	$0
Chris Enger	DIrector	0.00	Director	$0	$0	$0
Amy Mosley	Director	0.00	Director	$0	$0	$0
Christopher Lalomia	Director	0.00	Director	$0	$0	$0
David Davison	Director	0.00	Director	$0	$0	$0
David Michelson	Director	0.00	Director	$0	$0	$0
Diane Welhouse	Director	0.00	Director	$0	$0	$0
George Brogan	DIrector	0.00	Director	$0	$0	$0
Jim Kitchin	Director	0.00	Director	$0	$0	$0
Kim DiMaggio	Director	0.00	Director	$0	$0	$0
Mark Mason	Director	0.00	Director	$0	$0	$0
Tracy Wright	Co-CEO	1.00	Officer	$173,200	$45,262	$218,462
Elsie Iturralde	Co-CEO	1.00	Officer	$173,200	$42,300	$215,500
Plamela M Todorova	Director of Education	1.00	Highest	$106,488	$0	$106,488

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	$3,493,729	$3,305,207	$10,789,962	$188,522
2024	$3,730,306	$3,379,975	$9,889,941	$350,331
2023	$3,678,569	$2,805,271	$9,178,449	$873,298
2022	$4,190,353	$3,539,112	$8,593,569	$651,241
2021	$3,722,047	$3,291,071	$9,538,576	$430,976
2020	$3,583,562	$3,035,748	$7,964,825	$547,814
2019	$3,192,648	$2,218,883	$6,399,207	$973,765
2018	$3,080,609	$2,978,815	$5,535,692	$101,794

National Association of the Remodeling Industry