FLOOR COVERING INDUSTRY FOUNDATION INC (EIN 521238188) - 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

1981

Legal Domicile

Principal Officer

ANDREA BLACKBOURN

Phone

7062171183

Tax Period

2023-01-01 to 2023-12-31

FLOOR COVERING INDUSTRY FOUNDATION INC, founded in 1981, is a small nonprofit that reported $921K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $840K left a modest 9% surplus.

Mission

THE FLOOR COVERING INDUSTRY FOUNDATION IS A NON-PROFIT ORGANIZATION THAT PROVIDES CATASTROPHIC MEDICAL ASSISTANCE FOR THOSE WHO ARE OR HAVE BEEN AFFILIATED WITH THE FLOOR COVERING INDUSTRY WHO EXPERIENCE ILLNESSES, SEVERE DISABILITIES, OR OTHER LIFE-ALTERING HARDSHIPS BY PROVIDING FINANCIAL GRANTS FOR MEDICAL CARE, HOUSING, AND BASIC NEEDS

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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 $787,787

Program Service Revenue $0

Investment Income $133,474

Other Revenue $0

TOTAL REVENUE $921,261

Expense Breakdown

Grants Paid $626,655

Salaries & Benefits $121,765

Fundraising Expenses $16,268

Program Expenses $770,097

Other Expenses $92,001

TOTAL EXPENSES $840,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$921,261	$836,296	+0.1%
Expenses	$840,421	$704,084	+0.2%
Net Income	$80,840	$132,212	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY RUSH-IMBER	DIRECTOR	1.00	Director	$0	$0	$0
BOB WEISS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN CARESS	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE ISAAC EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE DILKS	CHAIRMAN OF BOARD	4.00	Officer Director	$0	$0	$0
DANA TEAGUE	EXEC COMMITEE MEMBER	1.00	Director	$0	$0	$0
DOUG JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
ED PERRIN	DIRECTOR	1.00	Director	$0	$0	$0
EMILY FINKELL	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD BRODSKY	NOMINATING CHAIR	1.00	Director	$0	$0	$0
JEANNE MATSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN COHEN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH CAMPBELL	TREASURER	2.00	Officer Director	$0	$0	$0
KEMP HARR	DIRECTOR	1.00	Director	$0	$0	$0
KENNEDY FRIERSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN JABLON	DIRECTOR	1.00	Director	$0	$0	$0
LARRY NAGLE	DIRECTOR	1.00	Director	$0	$0	$0
LISA BROWNING	DIRECTOR	1.00	Director	$0	$0	$0
MAX HOLLAND	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MURFIN	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
PIET DOSSCHE	SECRETARY	2.00	Officer Director	$0	$0	$0
RALPH BOE	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND MANCINI JR	DIRECTOR	1.00	Director	$0	$0	$0
ROGER MARCUS	GRANT DISTRIB CHAIR	2.00	Director	$0	$0	$0
SAM O'KRENT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HUMPHREY	VICE-CHAIR	4.00	Officer Director	$0	$0	$0
STEVE FELDMAN	DIRECTOR	1.00	Director	$0	$0	$0
TANYA KERN	DIRECTOR	1.00	Director	$0	$0	$0
TED DLUGOKIENSKI	DIRECTOR	1.00	Director	$0	$0	$0
WILL YOUNG	FUND DEV CHAIR	4.00	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
2024	No data	No data	No data	No data
2023	$921,261	$840,421	$3,275,934	$80,840
2022	$836,296	$704,084	$2,935,813	$132,212
2021	$1,076,830	$807,767	$3,171,464	$269,063
2020	$752,406	$652,775	$3,318,753	$99,631
2019	$716,000	$797,890	$2,725,473	$-81,890
2018	$615,571	$739,316	$2,542,743	$-123,745

FLOOR COVERING INDUSTRY FOUNDATION INC