RESTORATION INDUSTRY ASSOCIATION I… - 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

2000

Legal Domicile

Principal Officer

MARK DAVIS

Phone

8564390500

Tax Period

2023-01-01 to 2023-12-31

RESTORATION INDUSTRY ASSOCIATION INC, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 11% surplus.

Mission

TO EDUCATE, ADVOCATE AND ELEVATE THE RESTORATION INDUSTRY.

Program Service Accomplishments

Program 1

TO PROVIDE ADVOCACY, EDUCATION, CERTIFICATION AND NETWORKING THROUGH CONVENTIONS, TECHNICAL TRAINING AND EVENTS.

Program 2

TO PRODUCE AND DISTRIBUTE RIA'S INDUSTRY INSIGHTS MONTHLY NEWSLETTER TO DISSEMINATE INFORMATION ABOUT INDUSTRY DEVELOPMENTS.

🔒

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 $249,600

Program Service Revenue $1,893,066

Investment Income $0

Other Revenue $667

TOTAL REVENUE $2,143,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,901,378

TOTAL EXPENSES $1,901,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,143,333	$1,650,760	+0.3%
Expenses	$1,901,378	$1,380,232	+0.4%
Net Income	$241,955	$270,528	-0.1%

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

100

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
KATIE SMITH	PRESIDENT	5.00	Officer Director	$0	$0	$0
BEN LOOPER	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
JEFF MOORE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DEBORAH BOGAR	TREASURER (TIL 4/23)	2.00	Officer Director	$0	$0	$0
JUSTIN WOODARD	TREASURER (EFF. 4/23)	2.00	Officer Director	$0	$0	$0
WARNER CRUZ	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK SPRINGER	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
OWEN BOAK	DIRECTOR - AT LARGE	1.00	Director	$0	$0	$0
MARK DAVIS	DIRECTOR - AT LARGE	1.00	Director	$0	$0	$0
KELLEY DOLAN	DIRECTOR - AT LARGE (EFF. 4/23)	1.00	Director	$0	$0	$0
CRAIG KERSEMEIER	DIRECTOR - AT LARGE (TIL 4/23)	1.00	Director	$0	$0	$0
FRANK MIRABELLI	DIRECTOR - AT LARGE	1.00	Director	$0	$0	$0
ANTHONY NELSON	DIRECTOR - AT LARGE	1.00	Director	$0	$0	$0
RUSS PALMER	DIRECTOR - AT LARGE	1.00	Director	$0	$0	$0
MATT PRESTON	DIRECTOR - AT LARGE	1.00	Director	$0	$0	$0
MARCIE RICHARDSON	DIRECTOR - AT LARGE	1.00	Director	$0	$0	$0
ANDY ZAVODNEY	DIRECTOR - AT LARGE	1.00	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	$2,143,333	$1,901,378	$1,301,225	$241,955
2022	$1,650,760	$1,380,232	$815,021	$270,528
2021	$1,540,626	$1,358,218	$530,741	$182,408
2020	$1,172,801	$1,215,614	$293,961	$-42,813
2019	$1,801,261	$1,646,781	$221,941	$154,480
2018	$1,447,916	$1,492,911	$303,055	$-44,995

RESTORATION INDUSTRY ASSOCIATION INC