NATIONAL KITCHEN & BATH ASSOCIATION

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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

1963

Legal Domicile

Principal Officer

WILLIAM DARCY

Phone

9088520033

Tax Period

2024-01-01 to 2024-12-31

NATIONAL KITCHEN & BATH ASSOCIATION, founded in 1963, is a mid-sized nonprofit that reported $21.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $18.0M left a modest 15% surplus.

Mission

THE ASSOCIATION'S VISION IS A WORLD IN WHICH EVERYONE ENJOYS SAFE, BEAUTIFUL AND FUNCTIONAL KITCHEN AND BATH SPACES. OUR MISSION IS TO HELP MAKE IT HAPPEN THROUGH THE CREATION OF MARKETPLACES, NETWORKS AND CERTIFICATIONS THAT RAISE THE LEVEL OF PROFESSIONALISM BY INSPIRING, LEADING AND EMPOWERING EACH MEMBER OF OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $13,061,053 Revenue: $13,791,224

COMMUNITY - NKBA IS FOCUSED ON CREATING AND EXPANDING THE MOST EFFECTIVE BENEFITS FOR ITS MEMBER COMMUNITY. THESE RNGE FROM INDUSTRY RESEARCH AND THOUGHT-LEADERSHIP CONTENT TO PROFESSIONAL...

COMMUNITY - NKBA IS FOCUSED ON CREATING AND EXPANDING THE MOST EFFECTIVE BENEFITS FOR ITS MEMBER COMMUNITY. THESE RNGE FROM INDUSTRY RESEARCH AND THOUGHT-LEADERSHIP CONTENT TO PROFESSIONAL CERTIFICATIONS, CEU WEBINARS AND GOVERNMENT UPDATES

Program 2

PROFESSIONAL PROGRAMS -OUR MISSION THROUGH THE CREATION OF MARKETPLACES, NETWORKS, AFFILIATIONS AND CERTIFICATIONS THAT RAISE THE LEVEL OF PROFESSIONALISM BY INSPRING, LEADING AND EMPOWERING EACH...

PROFESSIONAL PROGRAMS -OUR MISSION THROUGH THE CREATION OF MARKETPLACES, NETWORKS, AFFILIATIONS AND CERTIFICATIONS THAT RAISE THE LEVEL OF PROFESSIONALISM BY INSPRING, LEADING AND EMPOWERING EACH MEMBER OF OUR COMMUNITY

Program 3

MARKETING PROGRAMS - CREATIVE AND EDITORIAL SERVICES DEVELOPED NEW AND INFORMATIVE MATERIALS TO KEEP MEMBERS AND CONSUMERS KNOWLEDGEABLE OF INDUSTRY AND MARKET TRENDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,088,863

Program Service Revenue $13,791,224

Investment Income $2,268,326

Other Revenue $0

TOTAL REVENUE $21,148,413

Expense Breakdown

Grants Paid $146,000

Salaries & Benefits $8,231,851

Fundraising Expenses $0

Program Expenses $13,061,053

Other Expenses $9,650,071

TOTAL EXPENSES $18,027,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,148,413	$18,540,892	+0.1%
Expenses	$18,027,922	$16,055,668	+0.1%
Net Income	$3,120,491	$2,485,224	+0.3%

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

700

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

$1,854,327

Total Directors

Key Employees

$808,312

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDUARDO COSENTINO	DIRECTOR	0.50	Director	$0	$0	$0
JOHN BARKHOUSE	DIRECTOR	0.50	Director	$0	$0	$0
KEN ROBERTS	DIRECTOR	0.50	Director	$0	$0	$0
KEN WILLIAMS	CHAIR	0.50	Officer Director	$0	$0	$0
KERRIE KELLY	SECRETARY/TRASURER	0.50	Officer Director	$0	$0	$0
NICOLA BERTAZZONI	DIRECTOR	0.50	Director	$0	$0	$0
LOUIS ROHL	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MIKAEL AKERBERG	DIRECTOR	0.50	Director	$0	$0	$0
RANDY WARNER	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM DARCY JR	CEO	35.00	Officer	$970,995	$56,152	$1,027,147
SUSAN WILLIFORD	EVP, CSO	35.00	Officer	$251,761	$67,968	$319,729
NICOLE YOUNG	SR. DIRECTOR, FINANCE & ADMINISTRATI	35.00	Officer	$217,853	$28,628	$246,481
STEPHANIE KLATKA	CHIEF PEOPLE OFFICER, EVP, ADMINISTRATION	35.00	Officer	$215,939	$45,031	$260,970
PAMELA MCNALLY	SVP MARKETING + DIGITAL	35.00	Key Emp	$396,301	$22,277	$418,578
ALAN DOVE	SR. DIRECTOR, MEMBER RELATIONS	35.00	Key Emp	$173,436	$31,391	$204,827
HEATHER MCGOWN	SVP MARKETING & COMMUNICATION	35.00	Key Emp	$174,769	$10,138	$184,907
NOELLE LAVERY	DIRECTOR OF ACCOUNT SERVICES	35.00	Highest	$169,420	$24,774	$194,194
PATRICIA ZACH	HEAD OF RESEARCH	35.00	Highest	$126,798	$47,696	$174,494
KELLY BUCHSBAUM	SR. MANAGER, CHAPTER RELATIONS	35.00	Highest	$115,934	$47,683	$163,617
RACHEL LONG	SR. DIRECTOR, EVENTS	35.00	Highest	$159,058	$19,065	$178,123

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	$21,148,413	$18,027,922	$44,179,798	$3,120,491
2023	$18,540,892	$16,055,668	$40,835,107	$2,485,224
2022	$20,501,037	$13,521,467	$35,848,270	$6,979,570
2021	$9,331,415	$11,423,712	$28,104,693	$-2,092,297
2020	$15,895,503	$13,685,935	$26,927,546	$2,209,568
2019	$15,413,085	$13,775,664	$26,972,344	$1,637,421
2018	$13,674,895	$11,689,970	$23,772,254	$1,984,925