Cookware and Bakeware Alliance

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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

1922

Legal Domicile

Principal Officer

Mike Otterman

Phone

7323613710

Tax Period

2024-01-01 to 2024-12-31

Cookware and Bakeware Alliance, founded in 1922, is a small nonprofit that reported $504K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $470K left a modest 7% surplus.

Mission

THE COOKWARE AND BAKEWARE ALLIANCE'S MISSION IS TO PROMOTE THE COOKWARE AND BAKEWARE INDUSTRY AND HELP MEMBER ORGANIZATIONS BE SUCCESSFUL THROUGH: -DEVELOPING TECHNICAL STANDARDS THAT SUPPORT QUALITY AND CONSUMER SAFETY, -PROVIDING EXPOSURE TO THE LATEST INDUSTRY ADVANCES AND INNOVATIONS, MARKET SHIFTS AND MARKET INFORMATION, -CREATING A PASSION FOR COLLEGIAL RELATIONSHIPS AND NETWORKING AMONG OUR MEMBERS, AND -CREATING AWARENESS OF COOKWARE AND BAKEWARE ALLIANCE AS A CONSUMER RESOURCE.

Program Service Accomplishments

Program 1

Expenses: $93,403 Revenue: $8,200

The alliance's public relations program consists of informational webpages, the publication and periodic updating of the alliance's guide to cookware for retail buyers and consumers, publicizing the alliance's engineering standards for cookware and bakeware as well as a blog for consumers and press releases regarding industry news to media outlets.

Program 2

Expenses: $54,016 Revenue: $48,424

The annual meeting of the alliance presents programs of education and information regarding consumer trends, industry best-practices for manufacturing, economic forecasts and outlooks, commodity...

The annual meeting of the alliance presents programs of education and information regarding consumer trends, industry best-practices for manufacturing, economic forecasts and outlooks, commodity price trends and estimates of total market demand.

Program 3

Expenses: $16,760 Revenue: $20,250

The fall meeting of the alliance presents programs of an educational nature to industry attendees describing trends in the industry, changes in consumer demand and improvements in materials and...

The fall meeting of the alliance presents programs of an educational nature to industry attendees describing trends in the industry, changes in consumer demand and improvements in materials and methods of manufacturing. The standing committees of the alliance also meet during this meeting to discuss employee relations, engineering standards, and statistical programs offered by the alliance.

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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 $416,168

Program Service Revenue $76,874

Investment Income $10,578

Other Revenue $0

TOTAL REVENUE $503,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,179

Other Expenses $470,445

TOTAL EXPENSES $470,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$503,620	$340,804	+0.5%
Expenses	$470,445	$352,821	+0.3%
Net Income	$33,175	$-12,017	-3.8%

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

N/A

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
Mike Otterman	President	0.50	Officer Director	$0	$0	$0
Chris Bauman	Vice President	0.25	Officer Director	$0	$0	$0
Mars Mashburn	Director	0.25	Director	$0	$0	$0
Phil Barberi	Director	0.25	Director	$0	$0	$0
Mark Eichhorn	Director	0.25	Director	$0	$0	$0
Nancy McHenry	Director	0.25	Director	$0	$0	$0
Mike Maguire	Director	0.25	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	$503,620	$470,445	$443,849	$33,175
2023	$340,804	$352,821	$404,674	$-12,017
2022	$280,013	$295,442	$416,691	$-15,429
2021	$238,938	$306,367	$432,120	$-67,429
2020	$227,835	$216,098	$499,549	$11,737
2019	$316,291	$252,884	$487,812	$63,407
2018	$294,020	$263,034	$424,405	$30,986