HARDWARE GROUP ASSOCIATION (EIN 363953316) - 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

1927

Legal Domicile

Principal Officer

STEVE DRAEGER

Phone

7633707006

Tax Period

2025-01-01 to 2025-12-31

HARDWARE GROUP ASSOCIATION, founded in 1927, is a small nonprofit that reported $340K in total revenue in fiscal year 2025. Expenses of $312K left a modest 8% surplus.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE COMMON INTERESTS OF MEMBERS OF THE HARDWARE INDUSTRY AND TO FOSTER A GENERAL IMPROVEMENT OF BUSINESS CONDITIONS IN THE HARDWARE INDUSTRY AS A WHOLE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $334,350

Investment Income $5,988

Other Revenue $0

TOTAL REVENUE $340,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,000

Fundraising Expenses $0

Other Expenses $299,732

TOTAL EXPENSES $311,732

Year-over-Year Comparison

	2025	2024	Change
Revenue	$340,338	$334,375	+0.0%
Expenses	$311,732	$282,690	+0.1%
Net Income	$28,606	$51,685	-0.4%

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

$12,000

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE DRAEGER	MANAGING DIR	2.00	Officer Director	$12,000	$0	$12,000
DOYLE WALLACE	IMMEDIATE PA	2.00	Officer Director	$0	$0	$0
LOU OLEKSY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOASIAH GATES	1ST VICE PRE	2.00	Officer Director	$0	$0	$0
BOYDEN MOORE	2ND VICE PRE	2.00	Officer Director	$0	$0	$0
LISA TORRENCE	DIRECTOR	2.00	Director	$0	$0	$0
STEVE SYNNOTT	DIRECTOR	2.00	Director	$0	$0	$0
NATES MILES	DIRECTOR	2.00	Director	$0	$0	$0
MATT CULVERHOUSE	DIRECTOR	2.00	Director	$0	$0	$0
RICK CLEMENCE	DIRECTOR	2.00	Director	$0	$0	$0
JOELLE COHN	DIRECTOR	2.00	Director	$0	$0	$0
VINCE BARONE	DIRECTOR	2.00	Director	$0	$0	$0
BOB CUTTER	DIRECTOR	2.00	Director	$0	$0	$0
ROD ABOFF	DIRECTOR	2.00	Director	$0	$0	$0
JASON BLAIR	DIRECTOR	2.00	Director	$0	$0	$0
STEVE HENRY	DIRECTOR	2.00	Director	$0	$0	$0
DENT JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
RON HUGHSTON	DIRECTOR	2.00	Director	$0	$0	$0
JON DEARMENT	DIRECTOR	2.00	Director	$0	$0	$0
BILL CASSIDY	DIRECTOR	2.00	Director	$0	$0	$0
SEAN MILLER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN SIEGGREEN	DIRECTOR	2.00	Director	$0	$0	$0
DERRICK HOUSE	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG COPE	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW WALSH	DIRECTOR	2.00	Director	$0	$0	$0
MARK YOUNGREN	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT SHOWALTER	DIRECTOR	2.00	Director	$0	$0	$0
TJ COLSON	DIRECTOR	2.00	Director	$0	$0	$0
GEFF LYNCH	DIRECTOR	2.00	Director	$0	$0	$0
JON EASTER	DIRECTOR	2.00	Director	$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
2025	$340,338	$311,732	$227,889	$28,606
2024	$334,375	$282,690	$199,283	$51,685
2023	$315,421	$290,788	$147,598	$24,633
2022	$239,560	$288,060	$122,965	$-48,500

HARDWARE GROUP ASSOCIATION