NATIONAL FIREWORKS ASSOCIATION (EIN 251729049) - 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

1995

Legal Domicile

Principal Officer

KURT COWGILL

Phone

7652847122

Tax Period

2024-01-01 to 2024-12-31

NATIONAL FIREWORKS ASSOCIATION, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $822K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $379K, a strong 46% operating margin.

Mission

PROMOTE THE SAFE USE OF FIREWORKS

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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 $143,818

Program Service Revenue $624,620

Investment Income $30,134

Other Revenue $23,669

TOTAL REVENUE $822,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,514

Fundraising Expenses $0

Program Expenses $443,621

Other Expenses $422,107

TOTAL EXPENSES $443,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$822,241	$683,019	+0.2%
Expenses	$443,621	$329,801	+0.3%
Net Income	$378,620	$353,218	+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

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

$14,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT COWGILL	TREASURER	15.00	Officer	$7,000	$0	$7,000
STACY BLAKE	PRESIDENT	10.00	Officer	$2,500	$0	$2,500
SCOTT SMITH	SECRETARY	5.00	Officer	$2,500	$0	$2,500
ED VASEL	VICE PRESIDENT	10.00	Officer	$2,500	$0	$2,500
MIKE ROMANO	DIRECTOR	5.00	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	$822,241	$443,621	$1,104,103	$378,620
2023	$683,019	$329,801	$715,530	$353,218
2022	$506,288	$322,262	$362,426	$184,026
2021	$511,312	$358,917	$175,021	$152,395
2020	$355,466	$376,531	$95,059	$-21,065
2019	$783,778	$704,452	$112,816	$79,326
2018	$567,276	$872,005	$49,695	$-304,729

NATIONAL FIREWORKS ASSOCIATION