INTERNATIONAL HOUSEWARES ASSOCIATI… - Form 990 Financial Data

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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

1938

Legal Domicile

Principal Officer

DEREK MILLER

Phone

8472924200

Tax Period

2023-10-01 to 2024-09-30

INTERNATIONAL HOUSEWARES ASSOCIATION, founded in 1938, is a mid-sized nonprofit that reported $17.7M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.1M, a strong 23% operating margin.

Mission

THE INTERNATIONAL HOUSEWARES ASSOCIATION (IHA) IS COMMITTED TO MAXIMIZING THE SUCCESS OF THE GLOBAL HOME AND HOUSEWARES MARKET ON BEHALF OF ITS MEMBERSHIP. IHA HOSTS A WORLD-CLASS TRADE SHOW AND OFFERS MEMBER COMPANIES A WIDE RANGE OF SERVICES INCLUDING INDUSTRY AND GOVERNMENT ADVOCACY; EXPORT ASSISTANCE; TREND REPORTS; EXECUTIVE MANAGEMENT PEER GROUPS; AND AN INDEPENDENT NEWS AND INFORMATION PLATFORM, HOMEPAGENEWS.COM. MEMBER COMPANIES SERVED: 794

Program Service Accomplishments

Program 1

THE INSPIRED HOME SHOW 2024 (THE 124TH SHOW HOSTED BY IHA) WAS HELD OVER THREE DAYS IN MARCH. THE SHOW FEATURED 1,648 EXHIBITORS FROM 38 COUNTRIES. NEARLY 30,000 HOME + HOUSEWARES PROFESSIONALS FROM OVER 120 COUNTRIES CAME TOGETHER TO DISCOVER NEW PRODUCTS, CONNECT WITH COLLEAGUES AND ADVANCE THE INDUSTRY.

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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 $0

Program Service Revenue $16,072,408

Investment Income $1,528,690

Other Revenue $81,986

TOTAL REVENUE $17,683,084

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $5,518,057

Fundraising Expenses $0

Other Expenses $8,105,273

TOTAL EXPENSES $13,628,330

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,683,084	$15,303,689	+0.2%
Expenses	$13,628,330	$13,143,794	+0.0%
Net Income	$4,054,754	$2,159,895	+0.9%

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

$871,993

Total Directors

Key Employees

$750,968

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL ASBURY	CHAIRMAN	0.40	Officer Director	$0	$0	$0
PAUL COSARO	VICE CHAIRMAN	0.40	Officer Director	$0	$0	$0
MICHAEL OTTERMAN	TREASURER	0.40	Officer Director	$0	$0	$0
KIM COLE	DIRECTOR	0.40	Director	$0	$0	$0
GLENN DESTEFANO	DIRECTOR	0.40	Director	$0	$0	$0
SCOTT FELSENTHAL	DIRECTOR	0.40	Director	$0	$0	$0
SAL GABBAY	DIRECTOR	0.40	Director	$0	$0	$0
STEVE GREENSPON	DIRECTOR	0.40	Director	$0	$0	$0
MIKE HAYES	DIRECTOR	0.40	Director	$0	$0	$0
LISA KNIERIM	DIRECTOR	0.40	Director	$0	$0	$0
YVETTE LAUGIER	DIRECTOR	0.40	Director	$0	$0	$0
JACOB MAURER	DIRECTOR	0.40	Director	$0	$0	$0
WILLIAM MCHENRY	DIRECTOR	0.40	Director	$0	$0	$0
TOM MCMAHON	DIRECTOR	0.40	Director	$0	$0	$0
ROBERT MICHELSON	DIRECTOR - PART YEAR	0.40	Director	$0	$0	$0
KEITH MIRCHANDANI	DIRECTOR - PART YEAR	0.40	Director	$0	$0	$0
LUKE PETERS	DIRECTOR	0.40	Director	$0	$0	$0
DAN SIEGEL	DIRECTOR	0.40	Director	$0	$0	$0
DEREK MILLER	PRESIDENT	40.00	Officer	$478,352	$72,249	$550,601
WILLIAM BRADY	VP, FINANCE	40.00	Officer	$267,869	$53,523	$321,392
ADRIENNE TIRITILLI	SENIOR VP, TRADE SHOW	40.00	Key Emp	$358,010	$61,133	$419,143
SEAN DALY	VP, MEMBER & BUYER RELATIONS	40.00	Key Emp	$265,440	$66,385	$331,825
JOSH GREEN	DIR, INFO TECHNOLOGY	40.00	Highest	$194,751	$34,356	$229,107
SHARON SCHATZ	DIR, FINANCE	40.00	Highest	$190,302	$34,958	$225,260
PETER GIANNETTI	DIR, EDITORIAL, CONTENT & EDUCATION	40.00	Highest	$199,408	$43,731	$243,139
NANCY MICHAEL	DIR, TRADE SHOW BUSINESS DEV	40.00	Highest	$142,066	$14,147	$156,213
SHARON BELLOCK	DIR, TRADE SHOW OPERATIONS	40.00	Highest	$137,034	$42,133	$179,167
DEAN KURTIS	FORMER VP, FINANCE (RETIRED 9/21)	0.00		$108,456	$0	$108,456

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	$17,683,084	$13,628,330	$36,311,667	$4,054,754
2023	$15,303,689	$13,143,794	$30,316,663	$2,159,895
2022	$17,333,971	$13,086,591	$20,313,834	$4,247,380
2021	$2,164,249	$7,277,212	$25,313,954	$-5,112,963
2020	$2,941,248	$11,839,624	$28,406,132	$-8,898,376
2019	$17,167,883	$16,780,308	$35,925,410	$387,575
2018	$16,495,865	$16,569,823	$36,530,110	$-73,958

INTERNATIONAL HOUSEWARES ASSOCIATION