INDA-ASSOCIATION OF THE NONWOVEN FABRICS INDUSTRY (EIN 132619154) - 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

1968

Legal Domicile

Principal Officer

ANTHONY FRAGNITO

Phone

9194593700

Tax Period

2025-01-01 to 2025-12-31

INDA-ASSOCIATION OF THE NONWOVEN FABRICS INDUSTRY, founded in 1968, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2025. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 17% operating margin.

Mission

NOT-FOR-PROFIT TRADE ASSOCIATION FOR NONWOVEN FABRICS 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,457,416

Program Service Revenue $8,020,624

Investment Income $334,054

Other Revenue $0

TOTAL REVENUE $9,812,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,519,641

Fundraising Expenses $0

Other Expenses $5,613,477

TOTAL EXPENSES $8,133,118

Year-over-Year Comparison

	2025	2024	Change
Revenue	$9,812,094	$4,406,437	+1.2%
Expenses	$8,133,118	$5,732,209	+0.4%
Net Income	$1,678,976	$-1,325,772	-2.3%

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

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

$469,937

Total Directors

$469,937

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY FRAGNITO	PRESIDENT	40.00	Officer Director	$402,320	$67,617	$469,937
GINNY CASSTEVENS	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS DOWDELL	DIRECTOR	1.00	Director	$0	$0	$0
JAREN EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
RICARDO FASOLO	DIRECTOR	1.00	Director	$0	$0	$0
NEIL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ALEKSANDRA KRUSZEWSKA	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA LAWLESS	VICE CHAIRMAN/FINANCE	1.00	Officer Director	$0	$0	$0
PAUL E ROLLIN	DIRECTOR	1.00	Director	$0	$0	$0
JODI RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
MARK THORNTON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JUAN TORO	DIRECTOR	1.00	Director	$0	$0	$0
MARIAGIOVANNA VETERE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WOOD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FISHER	DIRECTOR OF GOVERNMENT AFF	40.00	Highest	$171,706	$23,401	$195,107
MATTHEW O'SICKEY	DIRECTOR OF EDUCATION	40.00	Highest	$180,154	$43,172	$223,326
DANIEL NOONAN	DIRECTOR OF EXHIBIT SALES	40.00	Highest	$148,125	$39,407	$187,532
JODI HONG-RICCIO	CONTROLLER	40.00	Highest	$120,939	$37,858	$158,797

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	$9,812,094	$8,133,118	$11,141,507	$1,678,976
2024	$4,406,437	$5,732,209	$10,847,341	$-1,325,772
2023	$4,827,756	$5,716,501	$8,929,402	$-888,745
2022	$8,784,306	$7,197,397	$7,431,444	$1,586,909
2021	$4,859,607	$5,671,965	$9,846,018	$-812,358
2020	$3,287,966	$4,928,652	$8,853,422	$-1,640,686
2019	$9,825,143	$7,453,052	$8,766,380	$2,372,091
2018	$4,206,102	$5,357,473	$10,624,873	$-1,151,371

INDA-ASSOCIATION OF THE NONWOVEN FABRICS INDUSTRY