FOUNDATION OF THE WALL AND CEILING… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

MICHAEL F STARK

Phone

7035381600

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION OF THE WALL AND CEILING INDUSTRYINC, founded in 1978, is a small nonprofit that reported $305K in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum. Expenses of $262K left a modest 14% surplus.

Mission

TO BE AN ACTIVE, UNBIASED SOURCE OF INFORMATION AND EDUCATION TO SUPPORT THE WALL AND CEILING INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $108,082

PUBLICATIONS - THE FOUNDATION PUBLISHES ONE REPORT EACH YEAR AS PART OF ITS ANNUAL RESEARCH SERIES. THE REPORT IS DISTRIBUTED TO THE AWCI MEMBERSHIP FOR FREE AND MADE AVAILABLE ON THE AWCI WEBSITE...

PUBLICATIONS - THE FOUNDATION PUBLISHES ONE REPORT EACH YEAR AS PART OF ITS ANNUAL RESEARCH SERIES. THE REPORT IS DISTRIBUTED TO THE AWCI MEMBERSHIP FOR FREE AND MADE AVAILABLE ON THE AWCI WEBSITE FOR FREE.

Program 2

Expenses: $73,435

THE FOUNDATION OF THE WALL AND CEILING INDUSTRY IMPLEMENTED AWCI CARES (CARING ACTION RELIEF FOR EMERGENCY SITUATIONS) TO PROVIDE FINANCIAL ASSISTANCE DURING TIMES OF NEED ARISING FROM SUDDEN...

THE FOUNDATION OF THE WALL AND CEILING INDUSTRY IMPLEMENTED AWCI CARES (CARING ACTION RELIEF FOR EMERGENCY SITUATIONS) TO PROVIDE FINANCIAL ASSISTANCE DURING TIMES OF NEED ARISING FROM SUDDEN ILLNESS, ACCIDENT, DEATH OR HARDSHIP BEYOND INSURANCE OR FINANCIAL CAPABILITIES. GRANTS ARE AVAILABLE TO THE EMPLOYEES AND FAMILIES OF AWCI MEMBER COMPANIES WHO EXPERIENCE A FINANCIAL HARDSHIP CREATED BY UNFORSEEN CIRCUMSTANCES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $71,600

Program Service Revenue $0

Investment Income $228,488

Other Revenue $4,974

TOTAL REVENUE $305,062

Expense Breakdown

Grants Paid $48,882

Salaries & Benefits $82,214

Fundraising Expenses $42,327

Program Expenses $181,517

Other Expenses $130,776

TOTAL EXPENSES $261,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$305,062	$146,892	+1.1%
Expenses	$261,872	$148,088	+0.8%
Net Income	$43,190	$-1,196	-37.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
PETER WILHELMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEE ZARETSKY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM COLLINS	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KELLY JONES	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
C BRENT ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD BERNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
ADAM NAVRATIL	DIRECTOR	1.00	Director	$0	$0	$0
JAY WATT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL F STARK	CEO	4.00	Officer	$0	$0	$0
ANNEMARIE SELVITELLI	EXECUTIVE DIRECTOR	4.00	Officer	$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	$305,062	$261,872	$2,185,427	$43,190
2024	$146,892	$148,088	$2,109,758	$-1,196
2023	$335,246	$146,501	$2,140,349	$188,745
2022	$94,422	$126,710	$1,935,061	$-32,288
2021	$99,314	$133,957	$2,234,060	$-34,643
2020	$217,187	$156,878	$1,913,210	$60,309
2019	$243,183	$138,768	$1,840,725	$104,415
2018	$131,353	$143,601	$1,681,277	$-12,248

FOUNDATION OF THE WALL AND CEILING INDUSTRYINC