Independent Office Products & Furniture Dealers Assn

EIN: 530116375

Northbrook, IL

Total Revenue
$500,781
Total Expenses
$487,501
Total Assets
$2,718,116
Net Assets
$2,711,115
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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
1906
Legal Domicile
IL
Principal Officer
Michael Tucker
Phone
8479823462
Tax Period
2020-01-01 to 2020-12-31

Independent Office Products & Furniture Dealers Assn, founded in 1906, is a small nonprofit that reported $501K in total revenue in fiscal year 2020. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $2.7M represent 65 months of operating reserves.

Mission

Providing independent dealer members with information, tools and knowledge through education to be successful in an evolving business environmen

Program Service Accomplishments

Program 1
Expenses: $234,800

Dealer conference providing education and training to members

Program 2
Expenses: $78,267

Industry research programs to provide members with valuable data for enhancing their businesses

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $216,260
Program Service Revenue $0
Investment Income $88,479
Other Revenue $196,042
TOTAL REVENUE $500,781

Expense Breakdown

Grants Paid $0
Salaries & Benefits $183,012
Fundraising Expenses $0
Program Expenses $313,067
Other Expenses $304,489
TOTAL EXPENSES $487,501

Year-over-Year Comparison

2020 2019 Change
Revenue $500,781 $435,631 +0.1%
Expenses $487,501 $522,728 -0.1%
Net Income $13,280 $-87,097 -1.2%
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

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Governance

Voting Members
12
Independent Members
12
Employees
2
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
6
$153,219
Total Directors
12
$153,219
Key Employees
1
$153,219
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Tucker Exec director 040.00
Officer Director Key Emp Highest
$153,219 $0 $153,219
Charlie Kennedy Chairman 001.00
Officer Director
$0 $0 $0
Norman White Vice-chair 001.00
Officer Director
$0 $0 $0
Robin King Treasurer 001.00
Officer Director
$0 $0 $0
Melissa Ball Secretary 001.00
Officer Director
$0 $0 $0
Shelli Hellinghausen Immediate past chair 001.00
Officer Director
$0 $0 $0
Joe Krelle Director 001.00
Director
$0 $0 $0
Steve Nuelle Director 001.00
Director
$0 $0 $0
Wendy Pike Director 001.00
Director
$0 $0 $0
Mark Porter Director 001.00
Director
$0 $0 $0
Gordon Thrall Director 001.00
Director
$0 $0 $0
Miles Young 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
2020 $500,781 $487,501 $2,718,116 $13,280
2019 $435,631 $522,728 $2,712,648 $-87,097
2018 $308,921 $516,454 $2,815,940 $-207,533
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