HARDWOOD FEDERATION

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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

2004

Legal Domicile

Principal Officer

DANA LEE COLE

Phone

2024632705

Tax Period

2023-01-01 to 2023-12-31

HARDWOOD FEDERATION, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $567K in total revenue in fiscal year 2023. Expenses of $627K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO SERVE AS THE LEGISLATIVE ARM FOR THE HARDWOOD INDUSTRY. THE FEDERATION REPRESENTS THE MAJORITY OF THE ORGANIZATIONS ENGAGED IN THE MANUFACTURING, WHOLESALING, OR DISTRIBUTION OF NORTH AMERICAN HARDWOOD LUMBER, VENEER, PLYWOOD, FLOORING AND RELATED PRODUCTS.

Program Service Accomplishments

Program 1

THE HF DEVELOPED AND PURSUED A RANGE OF LEGISLATIVE PRIORITIES FOR THE HARDWOOD INDUSTRY TO : PROMOTE AND REPRESENT THE INTEREST AND IMPROVE BUSINESS CONDITIONS IN THE HARDWOOD INDUSTRY, TO MAINTAIN A HEALTHY BUSINESS ENVIRONMENT FOR SMALL AND FAMILY BUSINESSES AND TO MAINTAIN COMMERCIAL ACCESS TO FEDERAL AND PRIVATE HARDWOOD TIMBERLANDS.

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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 $232,839

Program Service Revenue $334,520

Investment Income $0

Other Revenue $0

TOTAL REVENUE $567,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $395,269

Fundraising Expenses $0

Other Expenses $231,944

TOTAL EXPENSES $627,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$567,359	$579,920	0.0%
Expenses	$627,213	$565,490	+0.1%
Net Income	$-59,854	$14,430	-5.1%

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

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

$245,530

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA LEE COLE	EXECUTIVE DI	40.00	Officer	$226,600	$18,930	$245,530
BRYAN BRENDLE	POLICY AND P	40.00	Highest	$110,250	$16,981	$127,231
LOWERY ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
TROY BROWN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
PETER CONNOR	DIRECTOR	2.00	Director	$0	$0	$0
JOHN CRITES	DIRECTOR	2.00	Director	$0	$0	$0
JOHN FOLEY	DIRECTOR	2.00	Director	$0	$0	$0
JAMEY FRENCH	POLICY CHAIR	2.00	Director	$0	$0	$0
NATHAN JEPPSON	BOARD VICE-C	2.00	Officer Director	$0	$0	$0
JON JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
KIRBY KENDRICK	DIRECTOR	2.00	Director	$0	$0	$0
JORDON MCILVAIN	DIRECTOR	2.00	Director	$0	$0	$0
STEVE MERRICK	DIRECTOR	2.00	Director	$0	$0	$0
JEFF MEYER	DIRECTOR	2.00	Director	$0	$0	$0
DARWIN MURRAY	DIRECTOR	2.00	Director	$0	$0	$0
DAN NATKIN	DIRECTOR	2.00	Director	$0	$0	$0
TOMMY PETZOLD	DIRECTOR	2.00	Director	$0	$0	$0
TED ROSSI	DEVELOPMENT	2.00	Director	$0	$0	$0
JOHN SMITH	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW SMITH	BOARD PAST C	2.00	Officer Director	$0	$0	$0
JONATHAN SYRE	DIRECTOR	2.00	Director	$0	$0	$0
S E WELTER	DIRECTOR	2.00	Director	$0	$0	$0
JEFF WIRKKALA	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$567,359	$627,213	$309,033	$-59,854
2022	$579,920	$565,490	$322,023	$14,430
2021	$607,439	$504,877	$299,710	$102,562
2020	$528,758	$514,072	$196,168	$14,686
2019	$546,438	$589,162	$190,876	$-42,724
2018	$668,817	$605,536	$221,893	$63,281