INTERNATIONAL HOME FURNISHINGS REPRESENTATIVE ASSOCIATION (EIN 362264486) - 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

1934

Legal Domicile

Principal Officer

WENDY BUZZARD

Phone

3368893920

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL HOME FURNISHINGS REPRESENTATIVE ASSOCIATION, founded in 1934, is a small nonprofit that reported $490K in total revenue in fiscal year 2023. Expenses of $442K left a modest 10% surplus.

Mission

TO PROVIDE SERVICES AND SUPPORT TO INDEPENDENT FURNITURE REPRESENTATIVES

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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 $457,394

Investment Income $32,516

Other Revenue $0

TOTAL REVENUE $489,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,680

Fundraising Expenses $0

Other Expenses $185,851

TOTAL EXPENSES $441,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$489,910	$495,719	0.0%
Expenses	$441,531	$429,408	+0.0%
Net Income	$48,379	$66,311	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY BUZZARD	PRESIDENT	N/A	Officer	$0	$0	$0
CYNTHIA HEATHCOE	1ST VICE PRE	N/A	Officer	$0	$0	$0
CYNTHIA HEATHCOE	2ND VICE PRE	N/A	Officer	$0	$0	$0
JOHN PINION IV	CHAIRMAN	N/A	Officer	$0	$0	$0
SAM SIMONTON	SECRETARY/TR	N/A	Officer	$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	$489,910	$441,531	$1,233,271	$48,379
2022	$495,719	$429,408	$1,106,220	$66,311
2021	$394,575	$312,687	$1,190,419	$81,888
2020	$377,399	$338,945	$1,026,097	$38,454
2019	$600,173	$456,529	$913,171	$143,644
2018	$363,051	$476,185	$765,975	$-113,134

INTERNATIONAL HOME FURNISHINGS REPRESENTATIVE ASSOCIATION