North American Laminate Flooring A… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

Thomas S Wright

Phone

2027859500

Tax Period

2024-01-01 to 2024-12-31

North American Laminate Flooring Association, founded in 1997, is a small nonprofit that reported $290K in total revenue in fiscal year 2024. Net assets of $708K represent 29 months of operating reserves.

Mission

EDUCATION, INFORMATION DISSEMINATION, STANDARDS DEVELOPMENT ABOUT THE LAMINATE FLOORING INDUSTRY

Program Service Accomplishments

Program 1

EDUCATE THE PUBLIC. DEVELOP STANDARDS FOR THE LAMINATE FLOORING INDUSTRY. PROVIDE TRAINING AND SAFETY INFORMATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $290,325

Investment Income $54

Other Revenue $0

TOTAL REVENUE $290,379

Expense Breakdown

Grants Paid $1,250

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $284,592

TOTAL EXPENSES $285,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$290,379	$286,666	+0.0%
Expenses	$285,842	$177,554	+0.6%
Net Income	$4,537	$109,112	-1.0%

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

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
Derek Welbourn	Director	7.00	Director	$0	$0	$0
Bobby Glennon	Director	7.00	Director	$0	$0	$0
Tyler Snyder	Director	7.00	Director	$0	$0	$0
John Hammel	Director and Secretary	7.00	Officer Director	$0	$0	$0
Tom Wright	Director and VP/CFO	7.00	Officer Director	$0	$0	$0
Kyle Mcallister	Director	7.00	Director	$0	$0	$0
Barbara June	Director and President	7.00	Officer Director	$0	$0	$0
Tino Couto	Director	7.00	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
2025	No data	No data	No data	No data
2024	$290,379	$285,842	$727,923	$4,537
2023	$286,666	$177,554	$710,931	$109,112
2022	$323,873	$156,394	$639,369	$167,479
2021	$292,106	$139,622	$494,883	$152,484
2020	$246,860	$112,503	$372,379	$134,357
2019	$211,860	$118,851	$208,042	$93,009
2018	$235,117	$177,945	$115,033	$57,172

North American Laminate Flooring Association