SPECIALTY TOOLS AND FASTENERS DISTRIBUTORS ASSOCIATION INC (EIN 391287182) - 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

1976

Legal Domicile

Principal Officer

GEORGIA FOLEY

Phone

2627844774

Tax Period

2024-01-01 to 2024-12-31

SPECIALTY TOOLS AND FASTENERS DISTRIBUTORS ASSOCIATION INC, founded in 1976, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2024. Expenses of $3.5M exceeded revenue, resulting in a 48% operating deficit.

Mission

THE ORGANIZATION IS AN EDUCATIONAL ASSOCIATION TO HELP ITS MEMBERS BUSINESSES. THE ORGANIZATION OFFERS A SERIES OF TRAINING MANUALS AND MONTHLY WEBINARS. EDUCATIONAL PROGRAMMING: WEBINARS, BOOKS. ANNUAL CONVENTION AND TRADE SHOW; LEGISLATIVE NETWORKING ON SMALL BUSINESS ISSUES.

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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 $2,076,400

Investment Income $123,047

Other Revenue $171,078

TOTAL REVENUE $2,370,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $783,472

Fundraising Expenses $0

Other Expenses $2,721,239

TOTAL EXPENSES $3,504,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,370,525	$2,229,778	+0.1%
Expenses	$3,504,711	$3,973,272	-0.1%
Net Income	$-1,134,186	$-1,743,494	-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

788

Independent Members

788

Employees

Volunteers

N/A

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

$397,354

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW HARTMAN	DIRECTOR & PRESIDENT	0.20	Director	$0	$0	$0
HARRY KLASSEN	PAST PRESIDENT	0.20	Director	$0	$0	$0
MARIA POLIDORO	DIRECTOR	0.20	Director	$0	$0	$0
DAVID MILNE	DIRECTOR	0.20	Director	$0	$0	$0
ERIKA SCHERMAN	DIRECTOR	0.20	Director	$0	$0	$0
DAL HAHS II	VICE PRESIDENT	0.20	Director	$0	$0	$0
BOB FACCA	DIRECTOR	0.20	Director	$0	$0	$0
MATT KITCHENS	DIRECTOR	0.20	Director	$0	$0	$0
WILL RUE	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL STITZLEIN	DIRECTOR	0.20	Director	$0	$0	$0
GEORGIA H FOLEY	CEO	50.00	Officer	$364,545	$32,809	$397,354
CATHERINE P USHER	MEMBER SERVICES DIRECTOR	40.00	Highest	$140,748	$12,667	$153,415

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	$2,370,525	$3,504,711	$3,961,197	$-1,134,186
2023	$2,229,778	$3,973,272	$5,095,383	$-1,743,494
2022	$2,205,381	$3,194,951	$6,838,799	$-989,570
2021	$2,157,664	$2,616,617	$7,827,339	$-458,953
2020	$1,047,680	$1,435,823	$8,286,292	$-388,143
2019	$3,313,215	$3,909,904	$8,674,435	$-596,689
2018	$3,176,044	$2,959,956	$9,271,124	$216,088

SPECIALTY TOOLS AND FASTENERS DISTRIBUTORS ASSOCIATION INC