BIFMA International (EIN 382019327) - 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

1973

Legal Domicile

Principal Officer

Deirdre Jimenez

Phone

6162853963

Tax Period

2024-06-01 to 2025-05-31

BIFMA International, founded in 1973, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.2M left a modest 4% surplus.

Mission

BIFMA Internationals mission is to lead, educate, inform and develop standards for the North American office and institutional furniture industry.

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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 $0

Program Service Revenue $1,976,246

Investment Income $193,988

Other Revenue $95,908

TOTAL REVENUE $2,266,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,226,442

Fundraising Expenses $0

Other Expenses $957,683

TOTAL EXPENSES $2,184,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,266,142	$2,172,550	+0.0%
Expenses	$2,184,125	$1,996,054	+0.1%
Net Income	$82,017	$176,496	-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

224

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

$270,356

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Krenke	Chair	2.00	Officer Director	$0	$0	$0
Wilson Chow	Vice Chair	2.00	Officer Director	$0	$0	$0
Franco Bianchi	Treasurer	2.00	Officer Director	$0	$0	$0
Sara Armbruster	Director	2.00	Director	$0	$0	$0
Jeff Lorenger	Director	2.00	Director	$0	$0	$0
Alex Bernhardt	Director	2.00	Director	$0	$0	$0
Rebecca Boenigk	Director	2.00	Director	$0	$0	$0
Mike Wagner	Director	2.00	Director	$0	$0	$0
Paul Cleary	Director	2.00	Director	$0	$0	$0
Meghan Sherwin	Director	2.00	Director	$0	$0	$0
Joel Feldberg	Director	2.00	Director	$0	$0	$0
Marc Langeland	Director	2.00	Director	$0	$0	$0
Julio Enrique Hirschfeld	Director	2.00	Director	$0	$0	$0
Susan Pilato	Director	2.00	Director	$0	$0	$0
John Michael	Director	2.00	Director	$0	$0	$0
Deirdre Jimenez	President & CEO	40.00	Officer	$267,814	$2,542	$270,356
Stephen Kooy	of Sustainability	40.00	Highest	$135,948	$2,542	$138,490
Jennifer Wammack	Director of Outreach	40.00	Highest	$130,616	$30,330	$160,946
Anthony Serge	Director of Safety and Performance	40.00	Highest	$129,816	$24,226	$154,042
Andrew Kotman	Director of Membership Services	40.00	Highest	$112,406	$1,781	$114,187

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	$2,266,142	$2,184,125	$3,015,672	$82,017
2024	$2,172,550	$1,996,054	$2,919,427	$176,496
2023	$1,899,732	$1,758,351	$3,481,496	$141,381
2022	$1,978,281	$1,576,620	$2,579,240	$401,661
2021	$1,601,002	$1,324,488	$2,357,336	$276,514
2020	$1,842,405	$1,953,263	$1,771,550	$-110,858
2019	$1,709,087	$1,861,719	$1,996,241	$-152,632

BIFMA International