NATIONAL HARDWOOD LUMBER ASSOCIATION

EIN: 361523350

MEMPHIS, TN

Total Revenue
$4,179,049
Total Expenses
$4,337,353
Total Assets
$3,579,058
Net Assets
$2,544,128
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1901
Legal Domicile
TN
Principal Officer
DALLIN BROOKS
Phone
9013771818
Tax Period
2023-01-01 to 2023-12-31

NATIONAL HARDWOOD LUMBER ASSOCIATION, founded in 1901, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023.

Mission

TO SERVE NHLA MEMBERS IN THE NORTH AMERICAN HARDWOOD LUMBER INDUSTRY BY: MAINTAINING ORDER, STRUCTURE, AND ETHICS IN THE HARDWOOD MARKETPLACE; PROVIDING SPECIALIZED MEMBER SERVICES UNIQUE TO THE HARDWOOD INDUSTRY; ASSURING SUSTAINABLE AND AVAILABLE SAW TIMBER TO MEET MEMBERS' NEEDS; BUILDING POSITIVE RELATIONSHIPS WITHIN THE HARDWOOD COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $2,615,792 Revenue: $2,845,855

MEMBER SERVICES ARE PROVIDED THROUGHOUT THE YEAR AND INCLUDE ADVOCACY, NETWORKING AND MARKETING OPPORTUNITIES, PROMOTION OF MEMBER BUSINESSES, CONTINUING EDUCATION PROGRAMS, AND ACCESS TO EXPERT...

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MEMBER SERVICES ARE PROVIDED THROUGHOUT THE YEAR AND INCLUDE ADVOCACY, NETWORKING AND MARKETING OPPORTUNITIES, PROMOTION OF MEMBER BUSINESSES, CONTINUING EDUCATION PROGRAMS, AND ACCESS TO EXPERT ADVICE AND TRAINING. IN ADDITION, THE ASSOCIATION PROVIDES INSPECTION SERVICES IN ORDER TO ENSURE THERE IS A UNIFORM METHOD OF INSPECTION AND GRADING OF HARDWOODS AND SETTLES DISPUTES IN THE GRADING SYSTEM.

Program 2
Expenses: $380,258 Revenue: $112,620

EDUCATIONAL SERVICES CONSIST OF SHORT-TERM INSTRUCTIONAL COURSES AND A FULL-TIME TRAINING SCHOOL TO TEACH A UNIFORM METHOD OF GRADING AND INSPECTION SERVICES.

Program 3
Expenses: $441,731 Revenue: $935,978

CONVENTION, MEMBERSHIP DIRECTORY AND ANNUAL REPORT - NHLA CONDUCTS AN ANNUAL CONVENTION AND PUBLISHES A MEMBERSHIP DIRECTORY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,762,985
Program Service Revenue $2,065,032
Investment Income $58,571
Other Revenue $292,461
TOTAL REVENUE $4,179,049

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $2,106,203
Fundraising Expenses $0
Program Expenses $3,437,781
Other Expenses $2,181,150
TOTAL EXPENSES $4,337,353

Year-over-Year Comparison

2023 2022 Change
Revenue $4,179,049 $3,926,488 +0.1%
Expenses $4,337,353 $3,917,374 +0.1%
Net Income $-158,304 $9,114 -18.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
34
Independent Members
34
Employees
21
Volunteers
35

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
5
$423,327
Total Directors
35
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON SYRE PRESIDENT 4.00
Officer Director
$0 $0 $0
BUCKY PESCAGLIA VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JEFF WIRKKALA PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
ED ARMBRUSTER DIRECTOR 0.50
Director
$0 $0 $0
GEORGE BACH DIRECTOR 0.50
Director
$0 $0 $0
ERIC BOER DIRECTOR 0.50
Director
$0 $0 $0
PARKER BOLES DIRECTOR 0.50
Director
$0 $0 $0
JOSH BRENNAN DIRECTOR 0.50
Director
$0 $0 $0
WG BUCHANAN DIRECTOR 0.50
Director
$0 $0 $0
ROBERT CABRAL DIRECTOR 0.50
Director
$0 $0 $0
TOM COBLE DIRECTOR 0.50
Director
$0 $0 $0
BILL COURTNEY DIRECTOR 0.50
Director
$0 $0 $0
BURT CRAIG DIRECTOR 0.50
Director
$0 $0 $0
GREG FITZPATRICK DIRECTOR 0.50
Director
$0 $0 $0
BRANT FORCEY DIRECTOR 0.50
Director
$0 $0 $0
SAM GLIDDEN DIRECTOR 0.50
Director
$0 $0 $0
JOHN GRIFFIN DIRECTOR 0.50
Director
$0 $0 $0
MATT GUTCHESS DIRECTOR 0.50
Director
$0 $0 $0
MONICA HASTINGS DIRECTOR 0.50
Director
$0 $0 $0
BRIN LANGMUIR DIRECTOR 0.50
Director
$0 $0 $0
DENNIS MANN DIRECTOR 0.50
Director
$0 $0 $0
CAMERON MCRAE DIRECTOR 0.50
Director
$0 $0 $0
TOM OILAR DIRECTOR 0.50
Director
$0 $0 $0
TOM PLAUGHER DIRECTOR 0.50
Director
$0 $0 $0
TIM PLEIMANN DIRECTOR 0.50
Director
$0 $0 $0
JOE PRYOR DIRECTOR 0.50
Director
$0 $0 $0
CHRIS RIDER DIRECTOR 0.50
Director
$0 $0 $0
RICHARD SOLANO DIRECTOR 0.50
Director
$0 $0 $0
GEORGE SWANER DIRECTOR 0.50
Director
$0 $0 $0
STEPHANIE VANDYSTADT DIRECTOR 0.50
Director
$0 $0 $0
GUS WELTER DIRECTOR 0.50
Director
$0 $0 $0
RAY D WHITE DIRECTOR 0.50
Director
$0 $0 $0
TRENT YODER DIRECTOR 0.50
Director
$0 $0 $0
JOE ZONA DIRECTOR 0.50
Director
$0 $0 $0
BILL BRADLEY LEGAL COUNSEL 0.50
Director
$0 $0 $0
DALLIN BROOKS EXECUTIVE DIRECTOR 40.00
Officer
$273,511 $36,546 $310,057
DESIREE C FREEMAN CONTROLLER 40.00
Officer
$110,057 $3,213 $113,270
DANA P SPESSERT CHIEF INSPECTOR 40.00
Highest
$133,202 $15,328 $148,530
RENEE HORNSBY CHIEF OPERATING OFFICER 40.00
Highest
$114,426 $12,016 $126,442
JOHN HESTER CHIEF DEVELOPMENT OFFICER 40.00
Highest
$110,657 $6,027 $116,684
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 $4,179,049 $4,337,353 $3,579,058 $-158,304
2022 $3,926,488 $3,917,374 $3,539,136 $9,114
2021 $3,568,393 $3,212,296 $3,336,972 $356,097
2020 $2,666,195 $2,680,460 $2,806,004 $-14,265
2019 $3,845,249 $4,142,897 $3,094,964 $-297,648
2018 $3,763,845 $3,905,499 $2,917,344 $-141,654
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