International Formalwear Association (EIN 133078229) - 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

1973

Legal Domicile

Principal Officer

Curt Collins

Phone

7082261300

Tax Period

2018-01-01 to 2018-12-31

International Formalwear Association, founded in 1973, is a micro nonprofit that reported $64K in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. Expenses of $60K left a modest 6% surplus.

Mission

To keep members informed about industry developments.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $63,771

Investment Income $0

Other Revenue $0

TOTAL REVENUE $63,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $59,968

TOTAL EXPENSES $59,968

Year-over-Year Comparison

	2018	2017	Change
Revenue	$63,771	$67,652	-0.1%
Expenses	$59,968	$54,479	+0.1%
Net Income	$3,803	$13,173	-0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wayne Griner	Treasurer	2.00	Officer Director	$0	$0	$0
Francisco J Serrano	Director	1.00	Director	$0	$0	$0
Curt Collins	President	2.00	Officer Director	$0	$0	$0
Mike Bristol	Director	1.00	Director	$0	$0	$0
Jeff Ortiz	Director	1.00	Director	$0	$0	$0
Lisa Solberg	Director	1.00	Director	$0	$0	$0
Ken Pendley	Director	1.00	Director	$0	$0	$0
John Street	Director	1.00	Director	$0	$0	$0
Quincy Barns	Director	1.00	Director	$0	$0	$0
Ron Sacino	Director	1.00	Director	$0	$0	$0
Eugene Awadeh	Director	1.00	Director	$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
2018	$63,771	$59,968	$39,975	$3,803

International Formalwear Association