WINDOW COVERINGS ASSOCIATION OF AME

EIN: 431528970 Community Improvement

WILMINGTON, NC

Total Revenue
$189,113
Total Expenses
$225,689
Total Assets
$126,735
Net Assets
$79,343
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NC
Principal Officer
RENEE GURGANUS
Phone
9192639850
Tax Period
2025-01-01 to 2025-12-31

WINDOW COVERINGS ASSOCIATION OF AME, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $189K in total revenue in fiscal year 2025. Expenses of $226K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO MAKE AVAILABLE EDUCATIONAL OPPORTUNITIES, TO ENCOURAGE A CODE OF ETHICS FOR FAIR PRACTICES, AND TO WORK FOR THE BETTERMENT OF THE RETAIL WINDOW COVERING 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $184,439
Investment Income $397
Other Revenue $4,277
TOTAL REVENUE $189,113

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $102,654
Fundraising Expenses $0
Other Expenses $121,535
TOTAL EXPENSES $225,689

Year-over-Year Comparison

2025 2024 Change
Revenue $189,113 $183,837 +0.0%
Expenses $225,689 $186,750 +0.2%
Net Income $-36,576 $-2,913 +11.6%
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

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Governance

Voting Members
11
Independent Members
11
Employees
1
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
7
$95,135
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RENEE GURGANUS ED 40.00
Officer
$95,135 $0 $95,135
LUANN NIGARA PRESIDENT(BE 0.50
Officer Director
$0 $0 $0
ROGER MAGALHAES PRESIDENT(TH 0.50
Officer Director
$0 $0 $0
ELIZABETH GERDES VICE PRESIDE 0.50
Officer Director
$0 $0 $0
JENNIFER LOONEY TREASURER 0.50
Officer Director
$0 $0 $0
JOE GEBARA SECRETARY 0.50
Officer Director
$0 $0 $0
TRACIE BRESNAHAN PAST PRESIDE 0.50
Officer Director
$0 $0 $0
JILL BALLEW DIRECTOR 0.25
Director
$0 $0 $0
JULIE MURPHY DIRECTOR 0.25
Director
$0 $0 $0
DEBORAH FORTENBERRY DIRECTOR 0.25
Director
$0 $0 $0
BLAINE SMITH DIRECTOR 0.25
Director
$0 $0 $0
KRISTEN VINCE DIRECTOR 0.25
Director
$0 $0 $0
JEFF WARTON DIRECTOR 0.25
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 $189,113 $225,689 $126,735 $-36,576
2024 $183,837 $186,750 $175,696 $-2,913
2023 $177,588 $179,622 $159,010 $-2,034
2022 $180,394 $157,554 $167,732 $22,840
2021 $163,039 $147,592 $164,633 $15,447
2020 $181,464 $170,856 $147,286 $10,608
2019 $177,023 $199,296 $148,342 $-22,273
2018 $222,013 $215,701 $186,293 $6,312
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