HEALTH & FITNESS ASSOCIATION

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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

1981

Legal Domicile

Principal Officer

LIZ CLARK

Phone

6179510055

Tax Period

2024-07-01 to 2025-06-30

HEALTH & FITNESS ASSOCIATION, founded in 1981, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2024. Expenses of $9.8M left a modest 15% surplus.

Mission

THE MISSION OF HFA IS TO PROTECT, PROMOTE AND GROW THE HEALTH AND FITNESS INDUSTRY. WE SUPPORT ACTIVE, HEALTHY LIVING BY ADVOCATING FOR HEALTH AND FITNESS BUSINESSES, DELIVERING INDUSTRY RESEARCH, AND PROVIDING EDUCATION THAT DRIVES PROFESSIONAL GROWTH.

Program Service Accomplishments

Program 1

ADVOCACY AND PUBLIC POLICY ENGAGEMENT: THE HEALTH & FITNESS ASSOCIATION (HFA) PROVIDES NONPARTISAN ADVOCACY AND PUBLIC POLICY ENGAGEMENT ON BEHALF OF THE HEALTH AND FITNESS INDUSTRY AT THE FEDERAL...

ADVOCACY AND PUBLIC POLICY ENGAGEMENT: THE HEALTH & FITNESS ASSOCIATION (HFA) PROVIDES NONPARTISAN ADVOCACY AND PUBLIC POLICY ENGAGEMENT ON BEHALF OF THE HEALTH AND FITNESS INDUSTRY AT THE FEDERAL AND STATE LEVELS. THIS WORK IS FOCUSED ON EDUCATION, POLICY ANALYSIS, AND INDUSTRY REPRESENTATION, AND IS DESIGNED TO INFORM POLICYMAKERS, REGULATORS, AND STAKEHOLDERS ABOUT THE INDUSTRY'S ECONOMIC, OPERATIONAL, AND PUBLIC-HEALTH CONTRIBUTIONS. HFA MONITORS LEGISLATIVE AND REGULATORY DEVELOPMENTS AFFECTING HEALTH AND FITNESS BUSINESSES; CONDUCTS RESEARCH AND ANALYSIS TO ASSESS POTENTIAL IMPACTS; AND SHARES OBJECTIVE, EVIDENCE-BASED INFORMATION WITH POLICYMAKERS AND THE PUBLIC. AT THE FEDERAL LEVEL, HFA ENGAGES WITH AGENCIES AND CONGRESSIONAL OFFICES TO PROVIDE INDUSTRY DATA AND TECHNICAL EXPERTISE. AT THE STATE LEVEL, HFA TRACKS POLICY ACTIVITY NATIONWIDE AND SUPPORTS INFORMED DIALOGUE WITH STATE OFFICIALS. HFA ALSO DELIVERS EDUCATIONAL BRIEFINGS, WEBINARS, MEETINGS, AND WRITTEN RESOURCES TO HELP INDUSTRY STAKEHOLDERS UNDERSTAND POLICY DEVELOPMENTS AND REGULATORY REQUIREMENTS.

Program 2

MEETINGS: CONDUCTS SEVERAL IN PERSON AND VIRTUAL EDUCATIONAL EVENTS, WEBINARS, AND MEETINGS, DESIGNED TO MOTIVATE AND EDUCATE CLUB OWNERS, MANAGERS, AND STAFF TO IMPROVE CLUB MANAGEMENT AND...

MEETINGS: CONDUCTS SEVERAL IN PERSON AND VIRTUAL EDUCATIONAL EVENTS, WEBINARS, AND MEETINGS, DESIGNED TO MOTIVATE AND EDUCATE CLUB OWNERS, MANAGERS, AND STAFF TO IMPROVE CLUB MANAGEMENT AND OPERATIONS. IN FY25, OVER 10,000 INDIVIDUALS ATTENDED HFA EVENTS, INCLUDING TWO IN-PERSON CONFERENCES, ONE OF WHICH INCLUDED A TRADE SHOW.

Program 3

MEMBERSHIP: THE HEALTH AND FITNESS ASSOCIATION REPRESENTS OVER 100,000 HEALTH CLUBS, GYMS, AND STUDIOS ACROSS THE GLOBE. MORE THAN 15,600 CLUBS ARE INVOLVED IN LEADERSHIP ENGAGEMENT THROUGH HFA. HFA HAS OVER 6,700 MEMBERS IN 36 COUNTRIES. THE ORGANIZATION PROVIDES LEGAL, LEGISLATIVE, PUBLIC RELATIONS, NETWORKING, AND MARKETING ACTIVITIES DURING THE CURRENT FISCAL YEAR.

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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 $100,867

Program Service Revenue $11,141,377

Investment Income $222,391

Other Revenue $0

TOTAL REVENUE $11,464,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,223,249

Fundraising Expenses $0

Other Expenses $6,549,528

TOTAL EXPENSES $9,772,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,464,635	$10,933,624	+0.0%
Expenses	$9,772,777	$7,433,889	+0.3%
Net Income	$1,691,858	$3,499,735	-0.5%

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

$626,569

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS SMITH	CHAIR	5.00	Officer Director	$15,000	$0	$15,000
LUKE CARLSON	VICE CHAIR	5.00	Officer Director	$0	$0	$0
AHMAR AZAM	FINANCE CHAIR	5.00	Officer Director	$0	$0	$0
AARON MOORE	SECRETARY	5.00	Officer Director	$0	$0	$0
RICHARD BEDDIE	BOARD MEMBER	5.00	Director	$0	$0	$0
JJ CREEGAN	BOARD MEMBER	5.00	Director	$0	$0	$0
BILL DAVIS	BOARD MEMBER	5.00	Director	$0	$0	$0
DEBORAH FIORELLA	BOARD MEMBER	5.00	Director	$0	$0	$0
MARIA GONZALEZ	BOARD MEMBER	5.00	Director	$0	$0	$0
ORI GORFINE	BOARD MEMBER	5.00	Director	$0	$0	$0
RICHARD IDGAR	BOARD MEMBER	5.00	Director	$0	$0	$0
MEL KLEIST	BOARD MEMBER	5.00	Director	$0	$0	$0
ERIK LINDSETH	BOARD MEMBER	5.00	Director	$0	$0	$0
AL NOSHIRVANI	BOARD MEMBER	5.00	Director	$0	$0	$0
JEFF SANDERS	BOARD MEMBER	5.00	Director	$0	$0	$0
MATTHEW STEVENS	BOARD MEMBER	5.00	Director	$0	$0	$0
BARRY WALSH	BOARD MEMBER	5.00	Director	$0	$0	$0
LONI WANG	BOARD MEMBER	5.00	Director	$0	$0	$0
LIZ CLARK	PRESIDENT & CEO	40.00	Officer	$570,015	$41,554	$611,569
PAMELA KUFAHL	SR DIRECTOR OF COMMUNICATIONS	40.00	Highest	$119,866	$16,834	$136,700
MICHELE EYNON	VP OF ADVERTISING	40.00	Highest	$149,950	$4,985	$154,935
LYNNE DEVANEY	VP OF SPONSORSHIP/ DEVEL.	40.00	Highest	$143,277	$39,054	$182,331
MIKE GOSCINSKI	VP OF GOVERNMENT AFFAIRS	40.00	Highest	$168,266	$16,818	$185,084
JEFFREY SOLSBY	SR VP OF COMMUNICATIONS THRU 4/4/25	40.00	Highest	$199,099	$15,001	$214,100

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
2025	$11,464,635	$9,772,777	$10,408,206	$1,691,858
2024	$10,933,624	$7,433,889	$7,995,518	$3,499,735
2023	$9,260,040	$7,123,179	$4,346,652	$2,136,861
2022	$13,495,994	$8,960,493	$2,907,434	$4,535,501
2021	$3,783,459	$8,248,367	$2,092,829	$-4,464,908
2020	$5,618,941	$12,624,620	$7,265,966	$-7,005,679
2019	$14,715,295	$14,493,837	$7,978,559	$221,458
2018	$14,812,305	$14,947,149	$6,154,506	$-134,844