Upholstered Furniture Action Council Inc

EIN: 521066180

High Point, NC

Total Revenue
$170,705
Total Expenses
$263,041
Total Assets
$392,203
Net Assets
$346,051
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NC
Principal Officer
J Don Coleman
Phone
3368855065
Tax Period
2023-07-01 to 2024-06-30

Upholstered Furniture Action Council Inc, founded in 1978, is a small nonprofit that reported $171K in total revenue in fiscal year 2023. Expenses of $263K exceeded revenue, resulting in a 54% operating deficit.

Mission

To promote consumer safety in the design and manufacture of upholstered furniture.

Program Service Accomplishments

Program 1
Expenses: $226,379

Promotion of consumer safety by providing information to consumers and retailers related to the flammability of upholstered furniture.

Program 2

Promotion of consumer safety by sponsoring laboratory testing of upholstered furniture fabrics and other component materials and sharing information with manufacturers.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $14,700
Investment Income $12,550
Other Revenue $143,455
TOTAL REVENUE $170,705

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,059
Fundraising Expenses $0
Program Expenses $226,379
Other Expenses $182,982
TOTAL EXPENSES $263,041

Year-over-Year Comparison

2023 2022 Change
Revenue $170,705 $175,899 0.0%
Expenses $263,041 $293,830 -0.1%
Net Income $-92,336 $-117,931 -0.2%
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

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
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
1
$65,000
Total Directors
8
$65,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J Don Coleman Pres/Secretary 30.00
Officer Director
$65,000 $0 $65,000
Rex Chapman Director 0.50
Director
$0 $0 $0
Kevin Mann Director 0.50
Director
$0 $0 $0
John Sexton Director 0.50
Director
$0 $0 $0
Jason A Schadel Director 0.50
Director
$0 $0 $0
Melissa Hefner Director 0.50
Director
$0 $0 $0
Warren Frye Director 0.50
Director
$0 $0 $0
Tim Atkins 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
2025 No data No data No data No data
2024 $170,705 $263,041 $392,203 $-92,336
2023 $175,899 $293,830 $457,062 $-117,931
2022 $191,422 $330,849 $578,196 $-139,427
2021 $280,705 $306,383 $705,499 $-25,678
2020 $101,995 $370,674 $727,385 $-268,679
2019 $204,359 $394,736 $993,412 $-190,377
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