WOODWORKING MACHINERY IMPORTERS AS… - 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

FRED STRINGFELLOW CAE

Phone

4436401052

Tax Period

2023-01-01 to 2023-12-31

WOODWORKING MACHINERY IMPORTERS ASSOCIATION OF AMERICA, founded in 1978, is a small nonprofit in the Community Improvement sector that reported $347K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 301% operating deficit.

Mission

TO ESTABLISH A PLATFORM FOR ITS MEMBERS TO NETWORK AND PRESENT THE BEST GLOBAL TECHNOLOGY, SERVICES, AND INFORMATION TO THE NORTH AMERICAN MARKETPLACE.

Program Service Accomplishments

Program 1

CONFERENCES RELATED TO COMMITTEES AND PROGRAMS DESIGNED TO IMPROVE KILLS AND ENHANCE BUSINESS OPPORTUNITIES FOR ADMINISTRATORS IN THE WOODWORKING INDUSTRY.

Program 2

SCHOLARSHIPS FOR WOODWORKING MANUFACTURING STUDENTS WHO WANT TO STUDY WOOD TECHNOLOGY, MACHINERY, AND RELATED FIELDS.

Program 3

TECHNICAL ADVISORY: WORKING TO GET AMERICAN SAFETY STANDARDS FOR WOODWORKING MACHINERY ALIGNED WITH GLOBAL ISO STANDARDS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $202,388

Investment Income $140,925

Other Revenue $3,274

TOTAL REVENUE $346,587

Expense Breakdown

Grants Paid $23,750

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,364,978

TOTAL EXPENSES $1,388,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$346,587	$1,357,308	-0.7%
Expenses	$1,388,728	$799,670	+0.7%
Net Income	$-1,042,141	$557,638	-2.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SCARLETT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOE HAMMOCK	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JASON DINGESS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
PASCAL DOUCET	EMERITUS	1.00	Officer Director	$0	$0	$0
WES SHEPHERD	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MASSE	DIRECTOR	1.00	Director	$0	$0	$0
RICK BRAUN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MAGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
GRAHAM AKHURST	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON KOETTER	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE ROSENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICH BRAETZKUS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BATTAGLIA	PRESIDENT & CEO	20.00	Officer 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	$346,587	$1,388,728	$7,538,485	$-1,042,141

WOODWORKING MACHINERY IMPORTERS ASSOCIATION OF AMERICA