CIGAR ASSOC OF AMERICA INC (EIN 135568722) - 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

1937

Legal Domicile

Principal Officer

Scott Pearce

Phone

2022238204

Tax Period

2023-01-01 to 2023-12-31

CIGAR ASSOC OF AMERICA INC, founded in 1937, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2023.

Mission

On behalf of our members, we ensure a strong, vibrant, and growing cigar industry by championing member-driven advocacy, raising awareness of the positive impact of our members and the industry, and driving value and growth for our members

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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 (2023)

Revenue Breakdown

Contributions & Grants $376,000

Program Service Revenue $4,591,451

Investment Income $32,875

Other Revenue $0

TOTAL REVENUE $5,000,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,128,354

Fundraising Expenses $0

Program Expenses $3,594,826

Other Expenses $4,040,143

TOTAL EXPENSES $5,168,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,000,326	$4,894,571	+0.0%
Expenses	$5,168,497	$4,849,424	+0.1%
Net Income	$-168,171	$45,147	-4.7%

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

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

$446,628

Total Directors

Key Employees

$221,974

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David M Ozgo	President	40	Officer	$375,165	$71,463	$446,628
Daniel Cotter	Vice President of Finance & Operations	40	Highest	$187,318	$52,486	$239,804
Brian Fojtik	Senior Vice President, Government Affairs	40	Key Emp	$199,654	$22,320	$221,974
Mudiaga Kpohraror	Director of State Government Relations	40	Highest	$150,192	$14,125	$164,317
Javier Estades	Chairman of the Board of Directors	0.25	Officer Director	$0	$0	$0
Rob Wilkey	Vice Chair, Board of Directors	0.20	Officer Director	$0	$0	$0
Henry Roemer	Treasurer of the Board of Directors	0.30	Officer Director	$0	$0	$0
Chris Howard	Member, Board of Directors	0.1	Director	$0	$0	$0
Dylan Austin	Member, Board of Directors	0.1	Director	$0	$0	$0
Regis Broersma	Member, Board of Directors	0.1	Director	$0	$0	$0
Ralph Brown	Member, Board of Directors	0.1	Director	$0	$0	$0
Christopher Casey	Member, Board of Directors	0.10	Director	$0	$0	$0
Terry Gallagher Jr	Member, Board of Directors	0.10	Director	$0	$0	$0
Michael Gold	Member, Board of Directors	0.10	Director	$0	$0	$0
Diane Kalambokas	Member, Board of Directors	0.10	Director	$0	$0	$0
Arthur Kemper	Member, Board of Directors	0.10	Director	$0	$0	$0
Neil Kiely	Member, Board of Directors	0.10	Director	$0	$0	$0
Millie Lukose	Member, Board of Directors	0.10	Director	$0	$0	$0
Owen McKeon	Member, Board of Directors	0.10	Director	$0	$0	$0
Drew Newman	Member, Board of Directors	0.10	Director	$0	$0	$0
Eric Newman	Member, Board of Directors	0.10	Director	$0	$0	$0
Robert Newman	Member, Board of Directors	0.10	Director	$0	$0	$0
Nicholas Perdomo	Member, Board of Directors	0.10	Director	$0	$0	$0
Emily Rodriguez	Member, Board of Directors	0.10	Director	$0	$0	$0
Patrick Rooney	Member, Board of Directors	0.10	Director	$0	$0	$0
Rhondetta Walton	Member, Board of Directors	0.10	Director	$0	$0	$0
Arthur Zaretsky	Member, Board of Directors	0.10	Director	$0	$0	$0
Enri Zarka	Member, Board of Directors	0.10	Director	$0	$0	$0
Kellie Newton	Secretary of the Board of Directors	0.25	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
2024	No data	No data	No data	No data
2023	$5,000,326	$5,168,497	$2,256,871	$-168,171
2022	$4,894,571	$4,849,424	$2,528,499	$45,147
2021	$4,753,114	$4,482,983	$2,226,147	$270,131
2020	$4,982,069	$5,097,098	$2,050,738	$-115,029

CIGAR ASSOC OF AMERICA INC