WINE & SPIRITS WHOLESALERS OF AMERICA INC (EIN 430590389) - 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

1943

Legal Domicile

Principal Officer

FRANCIS CREIGHTON

Phone

2023719792

Tax Period

2023-01-01 to 2023-12-31

WINE & SPIRITS WHOLESALERS OF AMERICA INC, founded in 1943, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $14.0M exceeded revenue, resulting in a 907% operating deficit.

Mission

ADVANCING THE INTERESTS OF WINE AND SPIRITS WHOLESALERS TO FACILITATE THE SUCCESS OF ITS MEMBERS AND THE ALCOHOL INDUSTRY. THE GOAL OF THE ASSOCIATION IS TO PROMOTE A RESPONSIBLE, ACCOUNTABLE AND CONSUMER-FRIENDLY SYSTEM OF DISTRIBUTION WHILE DELIVERING SIGNIFICANT VALUE TO ITS MEMBERS AND THE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,242,457

Investment Income $-11,947,011

Other Revenue $91,926

TOTAL REVENUE $1,387,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,172,129

Fundraising Expenses $0

Other Expenses $7,794,224

TOTAL EXPENSES $13,966,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,387,372	$7,934,087	-0.8%
Expenses	$13,966,353	$9,416,121	+0.5%
Net Income	$-12,578,981	$-1,482,034	+7.5%

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

140

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

$675,759

Total Directors

$675,759

Key Employees

$1,139,870

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS CREIGHTON	PRESIDENT & CEO	40.00	Officer Director	$592,139	$83,620	$675,759
DOUGLAS SHAW	CHAIRMAN	2.00	Director	$0	$0	$0
DINA OPICI	VICE CHAIRMAN	2.00	Director	$0	$0	$0
BARKLEY STUART	SECRETARY	2.00	Director	$0	$0	$0
CUTTER SMITH	TREASURER	2.00	Director	$0	$0	$0
STEVEN BECKER	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS COLE	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT HARMELIN	BOARD MEMBER	2.00	Director	$0	$0	$0
STAN HASTINGS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL HERTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
RYAN MOSES	BOARD MEMBER	2.00	Director	$0	$0	$0
LACEY SADOFF	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY BARRIAULT	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL WIRTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
DAWSON HOBBS	EVP, GOV AFFAIRS	40.00	Key Emp	$349,193	$24,933	$374,126
JACOB E HEGEMAN	SVP, LEGAL & GENERAL COUNSEL	40.00	Key Emp	$275,351	$14,683	$290,034
ARIANNE MASSEY	SVP, FINANCE & ADMIN	40.00	Key Emp	$235,975	$31,962	$267,937
KARI LANGERMAN	SVP, MEETINGS & EVENTS	40.00	Key Emp	$195,769	$12,004	$207,773
MICHAEL BILELLO	EVP, STRATEGIC COMM & MKTG	40.00	Highest	$305,183	$32,981	$338,164
CATHERINE MCDANIEL	SVP, MEMBER ADVOCACY	40.00	Highest	$244,441	$42,433	$286,874
CODY TUCKER	VP, FEDERAL AFFAIRS	40.00	Highest	$222,600	$25,341	$247,941
DWAYNE CARSON	SR. DIRECTOR, GOV AFFAIRS	40.00	Highest	$186,496	$18,866	$205,362
CHELSEA CRUCITTI	VP, STATE AFFAIRS	40.00	Highest	$184,449	$15,114	$199,563

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	No data	No data	No data	No data
2023	$1,387,372	$13,966,353	$53,330,567	$-12,578,981
2022	$7,934,087	$9,416,121	$39,701,959	$-1,482,034
2021	$8,637,291	$7,860,434	$19,124,215	$776,857
2020	$7,740,204	$8,306,916	$18,451,781	$-566,712
2019	$11,452,160	$11,413,918	$19,474,690	$38,242
2018	$13,029,973	$11,046,657	$18,005,346	$1,983,316

WINE & SPIRITS WHOLESALERS OF AMERICA INC