THERMOSET RESIN FORMULATORS ASSOCIATION (EIN 383676781) - 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

2003

Legal Domicile

Principal Officer

RICK CHURCH

Phone

6308587337

Tax Period

2019-01-01 to 2019-12-31

THERMOSET RESIN FORMULATORS ASSOCIATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $164K in total revenue in fiscal year 2019. Revenue decreased 11% compared to the prior year.

Mission

TO PROMOTE AND ENHANCE THE GROWTH OF THE THERMOSET RESIN 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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $161,850

Investment Income $2,100

Other Revenue $200

TOTAL REVENUE $164,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $177,256

TOTAL EXPENSES $177,256

Year-over-Year Comparison

	2019	2018	Change
Revenue	$164,150	$185,280	-0.1%
Expenses	$177,256	$204,592	-0.1%
Net Income	$-13,106	$-19,312	-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

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
CHARLES ZARNITZ	PRESIDENT	0.50	Officer Director	$0	$0	$0
PHIL ALLEN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JEREMY PASATTA	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
TIMOTHY ATKINSON	IMMEDIATE PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
JOE GARRIDO	DIRECTOR	0.50	Director	$0	$0	$0
DILIP SHAH	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE BURTON	DIRECTOR	0.50	Director	$0	$0	$0
ALYSON KING	DIRECTOR	0.50	Director	$0	$0	$0
RON KUMPFMILLER	DIRECTOR	0.50	Director	$0	$0	$0
KARANA SHAH	DIRECTOR	0.50	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
2019	$164,150	$177,256	$255,658	$-13,106
2018	$185,280	$204,592	$300,627	$-19,312

THERMOSET RESIN FORMULATORS ASSOCIATION