WALLCOVERINGS 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

1991

Legal Domicile

Phone

3122242574

Tax Period

2024-01-01 to 2024-12-31

WALLCOVERINGS ASSOCIATION, founded in 1991, is a small nonprofit that reported $558K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86K, a strong 15% operating margin.

Mission

THE ASSOCIATION WORKS TO ADVANCE THE WELFARE OF MANUFACTURERS, DISTRIBUTORS, AND SUPPLIERS OF WALLCOVERINGS BY PROVIDING A VEHICLE FOR COMMUNICATION BETWEEN VARIOUS SEGMENTS OF THE WALLCOVERINGS INDUSTRY AND PROMOTING THE USE OF WALLCOVERINGS IN THE MARKETPLACE.

Program Service Accomplishments

Program 1

ANNUAL MEETING - THE ASSOCIATION HOLDS AN ANNUAL MEETING TO PROVIDE MEMBERS THE OPPORTUNITY TO HEAR FROM RELEVANT SPEAKERS, DICUSS NEW DEVELOPMENTS IN THE INDUSTRY AND SHARE IDEAS FOR IMPROVEMENTS...

ANNUAL MEETING - THE ASSOCIATION HOLDS AN ANNUAL MEETING TO PROVIDE MEMBERS THE OPPORTUNITY TO HEAR FROM RELEVANT SPEAKERS, DICUSS NEW DEVELOPMENTS IN THE INDUSTRY AND SHARE IDEAS FOR IMPROVEMENTS, AND NETWORK WITH PEERS.

Program 2

COMMERCIAL MARKETING - THE ASSOCIATION MAINTAINS A COMMERCIAL MARKETING PROGRAM TO PROMOTE THE USE OF WALLCOVERING IN COMMERCIAL DEVELOPMENTS.

Program 3

TEC-TRAC PROGRAM - THE ASSOCIATION SPONSORS A TECTRAC PROGRAM WHERE ATTENDEES CAN GAIN IN-DEPTH INFORMATION ABOUT DIFFERENT WALLCOVERING INSTALLATIONS.

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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 $114,280

Program Service Revenue $443,049

Investment Income $0

Other Revenue $458

TOTAL REVENUE $557,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $471,790

TOTAL EXPENSES $471,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$557,787	$442,199	+0.3%
Expenses	$471,790	$528,181	-0.1%
Net Income	$85,997	$-85,982	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jill Nelson	President	1.00	Officer Director	$0	$0	$0
Miles Glidden	Vice President	1.00	Officer Director	$0	$0	$0
Matt Sepsey	Treasurer	1.00	Officer Director	$0	$0	$0
Robin Patrick	Imed Past Pres	1.00	Officer Director	$0	$0	$0
Yossi Friedman	Director	1.00	Director	$0	$0	$0
Milene Ribas	Director	1.00	Director	$0	$0	$0
Bernice Levy	Director	1.00	Director	$0	$0	$0
Marybeth Shaw	Director	1.00	Director	$0	$0	$0
Bobby Moore	Director	1.00	Director	$0	$0	$0
Mike Bixler	Director	1.00	Director	$0	$0	$0
Dan Brandt	Director	1.00	Director	$0	$0	$0
Steve Moad	Director	1.00	Director	$0	$0	$0
Aaron Kirsch	Director	1.00	Director	$0	$0	$0
Sharon Becker	Director	1.00	Director	$0	$0	$0
Heidi Lapka	Executive Dir.	20.00	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	$557,787	$471,790	$289,775	$85,997
2023	$442,199	$528,181	$207,463	$-85,982
2022	$366,818	$447,702	$233,839	$-80,884
2021	$287,977	$337,225	$284,561	$-49,248
2020	$379,042	$487,708	$232,505	$-108,666
2018	$474,958	$530,011	$614,777	$-55,053