Independent Textile Rental Associa… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

Abbey Aguirre

Tax Period

2025-01-01 to 2025-12-31

Independent Textile Rental Association Inc, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $124K in total revenue in fiscal year 2025. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $213K exceeded revenue, resulting in a 72% operating deficit.

Mission

Providing education and business solutions for member companies. Member companies are comprised of independently owned and operated textile rental companies and industry suppliers.

Program Service Accomplishments

Program 1

Expenses: $210,921

Conferences and conventions allow textile industry members to network, communicate, and exchange ideas relevant to their industry. Seminars provide education and training for industry members.

Program 2

Expenses: $2,551

Scholarships and grants awarded help promote awareness of industry and association.

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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 $57,100

Program Service Revenue $66,649

Investment Income $4

Other Revenue $0

TOTAL REVENUE $123,753

Expense Breakdown

Grants Paid $3,580

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $213,472

Other Expenses $209,892

TOTAL EXPENSES $213,472

Year-over-Year Comparison

	2025	2024	Change
Revenue	$123,753	$205,827	-0.4%
Expenses	$213,472	$292,506	-0.3%
Net Income	$-89,719	$-86,679	+0.0%

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
John Johnston	President	010.00	Officer Director	$0	$0	$0
Traig Neal	Treasurer	010.00	Officer Director	$0	$0	$0
Abbey Aguirre	Executive Director	020.00	Director	$0	$0	$0
Blake Montgomery	Director	005.00	Director	$0	$0	$0
Darrel Bode	Director	005.00	Director	$0	$0	$0
David Friday	Director	005.00	Director	$0	$0	$0
Eddie Lee	Director	005.00	Director	$0	$0	$0
Bill Heckeler	Director	005.00	Director	$0	$0	$0
John Kresge	Director	005.00	Director	$0	$0	$0
Russ Bullard	Director	005.00	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
2025	$123,753	$213,472	$75,570	$-89,719
2024	$205,827	$292,506	$153,390	$-86,679
2023	$210,333	$144,782	$253,384	$65,551
2022	$235,167	$295,413	$207,018	$-60,246
2021	$268,986	$264,723	$282,084	$4,263
2021	$220,047	$268,560	$259,495	$-48,513
2021	$242,636	$268,560	$282,084	$-25,924
2020	$102,460	$98,743	$285,365	$3,717
2019	$264,309	$267,810	$303,893	$-3,501
2018	$285,090	$261,805	$315,515	$23,285

Independent Textile Rental Association Inc