THE FRAGRANCE MATERIALS ASSOCIATION OF THE UNITED STATES INC (EIN 521207674) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

FARAH AHMED

Phone

5713171500

Tax Period

2023-01-01 to 2023-12-31

THE FRAGRANCE MATERIALS ASSOCIATION OF THE UNITED STATES INC, founded in 1979, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2018. Expenses of $2.4M left a modest 12% surplus.

Mission

THE ASSOCIATION WAS ORGANIZED TO PROMOTE THE DEVELOPMENT, PRESERVATION, MAINTENANCE, AND GENERAL WELFARE OF THE FRAGRANCE MANUFACTURING INDUSTRY IN THE UNITED STATES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,741,660

Investment Income $297

Other Revenue $55,716

TOTAL REVENUE $2,797,673

Expense Breakdown

Grants Paid $17,036

Salaries & Benefits $1,506,049

Fundraising Expenses $0

Other Expenses $1,419,032

TOTAL EXPENSES $2,942,117

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,797,673	$2,522,822	+0.1%
Expenses	$2,942,117	$2,711,422	+0.1%
Net Income	$-144,444	$-188,600	-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

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

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

$788,438

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL BAUER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT BEDOUKIAN	DIRECTOR	2.00	Director	$0	$0	$0
PAUL IRELAND	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHEL MANE	DIRECTOR	2.00	Director	$0	$0	$0
KELLI HEINZ	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT WEINSTEIN	CO-CHAIR	2.00	Officer Director	$0	$0	$0
JO CLARKE	DIRECTOR	2.00	Director	$0	$0	$0
ANDY O'SHEA	DIRECTOR	2.00	Director	$0	$0	$0
ERICA LERMOND	TREASURER	2.00	Officer Director	$0	$0	$0
KAREN MANHEIMER	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY DAVID	DIRECTOR	2.00	Director	$0	$0	$0
LISA PANKIEWICZ	SECRETARY	2.00	Officer Director	$0	$0	$0
BERTRAND LEMONT	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELINE LIOU	DIRECTOR	2.00	Director	$0	$0	$0
KEN MCALISTER	DIRECTOR	2.00	Director	$0	$0	$0
SUMIT BHASIN	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE REMY	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA REICHARD	CO-CHAIR	2.00	Officer Director	$0	$0	$0
KEVIN WHELAN	DIRECTOR	2.00	Director	$0	$0	$0
FARAH AHMED	PRESIDENT/CEO	40.00	Officer	$750,388	$38,050	$788,438
AMANDA NGUYEN	VICE PRESIDENT	40.00	Highest	$198,589	$27,968	$226,557
AMY BUSH	DIRECTOR, FINANCE & OPERAT	40.00	Highest	$159,668	$26,293	$185,961
KATHERINE CROSS	DIRECTOR, GOVERNMENT AFFAI	40.00	Highest	$134,530	$15,348	$149,878

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	$2,797,673	$2,942,117	$3,940,707	$-144,444
2022	$2,522,822	$2,711,422	$4,433,439	$-188,600
2021	$2,330,076	$2,479,411	$3,575,739	$-149,335
2020	$3,081,388	$2,333,117	$3,795,969	$748,271
2019	$2,607,040	$2,523,071	$2,598,702	$83,969
2018	$2,682,270	$2,364,391	$2,379,857	$317,879

THE FRAGRANCE MATERIALS ASSOCIATION OF THE UNITED STATES INC