HOME FASHION PRODUCTS ASSOCIATION (EIN 237069954) - 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

1968

Legal Domicile

Principal Officer

CHARLES GAENSLEN

Phone

2122972100

Tax Period

2023-01-01 to 2023-12-31

HOME FASHION PRODUCTS ASSOCIATION, founded in 1968, is a small nonprofit that reported $227K in total revenue in fiscal year 2023. Expenses of $209K left a modest 8% surplus.

Mission

HFPA SERVES TO ADVANCE THE GROWTH OF THE GLOBAL HOME FASHION PRODUCT INDUSTRY BY SETTING STANDARDS FOR EXCELLENCE THROUGH TECHNICAL PRODUCT COMPLIANCE, ADVOCACY, AND AWARENESS EFFORTS.

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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 $122,250

Program Service Revenue $101,250

Investment Income $3,773

Other Revenue $0

TOTAL REVENUE $227,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $208,918

TOTAL EXPENSES $208,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$227,273	$233,959	0.0%
Expenses	$208,918	$213,284	0.0%
Net Income	$18,355	$20,675	-0.1%

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

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
CHARLES GAENSLEN	PRESIDENT	10.00	Officer Director	$0	$0	$0
JEFFREY KAMBAK	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
NANCY GOLDEN	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
PREM KATYAL	TREASURER	10.00	Officer Director	$0	$0	$0
JEFF KAUFMAN	PAST PRESIDENT	10.00	Officer Director	$0	$0	$0
SCOTT GOLDSTEIN	BOARD MEMBER	10.00	Director	$0	$0	$0
BRIAN DELP	BOARD MEMBER	10.00	Director	$0	$0	$0
SPENCER FOLEY	BOARD MEMBER	10.00	Director	$0	$0	$0
RUSS HOLBROOK	BOARD MEMBER	10.00	Director	$0	$0	$0
MICHELLE LAROVERE	BOARD MEMBER	10.00	Director	$0	$0	$0
JULIE MCKENZIE	BOARD MEMBER	10.00	Director	$0	$0	$0
LESLIE MEIER	BOARD MEMBER	10.00	Director	$0	$0	$0
CHRIS MOONEY	BOARD MEMBER	10.00	Director	$0	$0	$0
TOM MERRIMAN	BOARD MEMBER	10.00	Director	$0	$0	$0
ANDY PETRICOFF	BOARD MEMBER	10.00	Director	$0	$0	$0
BRETT RIFE	BOARD MEMBER	10.00	Director	$0	$0	$0
BLAKE RUTTENBERG	BOARD MEMBER	10.00	Director	$0	$0	$0
LEXI SCHLADENHAUFFEN	BOARD MEMBER	10.00	Director	$0	$0	$0
ALLEN DARWIN	BOARD MEMBER	10.00	Director	$0	$0	$0
LOU CASALI	BOARD MEMBER	10.00	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	$227,273	$208,918	$265,899	$18,355
2022	$233,959	$213,284	$236,174	$20,675
2021	$195,983	$110,395	$232,258	$85,588
2020	$39,559	$101,374	$228,983	$-61,815
2019	$127,255	$109,660	$214,615	$17,595
2018	$114,316	$103,616	$215,439	$10,700

HOME FASHION PRODUCTS ASSOCIATION