Independent Offic Products and Furniture Dealers Assn Scholarship Fund (EIN 526056302) - 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

1953

Legal Domicile

Principal Officer

Mike Tucker

Tax Period

2023-01-01 to 2023-07-31

Independent Offic Products and Furniture Dealers Assn Scholarship Fund, founded in 1953, is a micro nonprofit that reported $10K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 360% operating deficit.

Mission

Provide scholarships, research grants and other programs that promote the welfare of the public as it relates to the office products, furniture and cleaning industries

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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 $2,100

Program Service Revenue $0

Investment Income $7,543

Other Revenue $0

TOTAL REVENUE $9,643

Expense Breakdown

Grants Paid $39,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,500

Other Expenses $4,823

TOTAL EXPENSES $44,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,643	$50,618	-0.8%
Expenses	$44,323	$55,813	-0.2%
Net Income	$-34,680	$-5,195	+5.7%

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

N/A

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
Mike Tucker	Exec. PresidentDirector	001.00	Officer Director Key Emp	$0	$0	$0
Charles Kennedy	President	001.00	Director	$0	$0	$0
Robin King	Treasurer	001.00	Director	$0	$0	$0
Melissa Ball	Secretary	001.00	Director	$0	$0	$0
Miles Young	Director	001.00	Director	$0	$0	$0
Gordon Thrall	Director	001.00	Director	$0	$0	$0
Mark Porter	Director	001.00	Director	$0	$0	$0
Steve Nuelle	Director	001.00	Director	$0	$0	$0
Joe Krelle	Director	001.00	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
2023	$9,643	$44,323	No data	$-34,680
2022	$50,618	$55,813	$678,976	$-5,195
2021	$87,314	$68,174	$684,170	$19,140

Independent Offic Products and Furniture Dealers Assn Scholarship Fund