DOOR AND HARDWARE INSTITUTE

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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

1975

Legal Domicile

Principal Officer

JAMES GAMMON

Phone

2023671134

Tax Period

2023-01-01 to 2023-12-31

DOOR AND HARDWARE INSTITUTE, founded in 1975, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE DOOR AND HARDWARE INSTITUTE IS A PROFESSIONAL ORGANIZATION THAT SERVES AS THE RESOURCE FOR EDUCATION AND INFORMATION ON DOORS, HARDWARE, SECURITY AND SPECIALTY PRODUCTS FOR THE ARCHITECTURAL OPENINGS INDUSTRY.

Program Service Accomplishments

Program 1

EDUCATION - THE INSTITUTE PROVIDES TECHNICAL TRAINING SESSIONS SEVERAL TIMES A YEAR. THESE COURSES PREPARE PARTICIPANTS TO SIT FOR THE ARCHITECTURAL HARDWARE CONSULTANT, CERTIFIED DOOR CONSULTANT...

EDUCATION - THE INSTITUTE PROVIDES TECHNICAL TRAINING SESSIONS SEVERAL TIMES A YEAR. THESE COURSES PREPARE PARTICIPANTS TO SIT FOR THE ARCHITECTURAL HARDWARE CONSULTANT, CERTIFIED DOOR CONSULTANT, ELECTRIFIED HARDWARE CONSULTANT, DHIA-DHI ASSOCIATE, DHT DOOR HARDWARE TECHNICIAN, AND DHC DOOR HARDWARE CONSULTANT EXAMS ADMINISTERED BY THE INSTITUTE. THESE PROFESSIONAL DESIGNATIONS ARE RECOGNIZED AS MARKS OF EXCELLENCE THROUGHOUT THE INDUSTRY. DHI AWARDS THESE CREDENTIALS TO INDIVIDUALS WHO HAVE SPENT THE REQUIRED TIME IN THE INDUSTRY AND WHO HAVE PASSED THE CERTIFICATION EXAM.

Program 2

COMMUNICATIONS/SERVICES - THE INSTITUTE PROVIDES MEMBERS AND NON-MEMBERS WITH VARIOUS PUBLICATIONS, INCLUDING A MONTHLY MAGAZINE AND A MEMBERSHIP DIRECTORY. OTHER MEMBER SERVICES OFFERED INCLUDE BOTH LOCAL CHAPTERS AND CHAPTER RESOURCES, AND SURVEYS DESIGNED TO ADVANCE PROFESSIONALISM IN THE ARCHITECTURAL OPENINGS INDUSTRY, BIMONTHLY COMMUNICATION INDUSTRY WATCH, JOB BOARD, TECHNICAL LITERATURE, AND EDUCATIONAL WEBINARS AND SEMINARS.

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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 $0

Program Service Revenue $2,883,010

Investment Income $18,589

Other Revenue $45,753

TOTAL REVENUE $2,947,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,953,553

TOTAL EXPENSES $2,953,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,947,352	$2,616,656	+0.1%
Expenses	$2,953,553	$2,651,994	+0.1%
Net Income	$-6,201	$-35,338	-0.8%

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

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
DAVID R BECKHAM PRESIDENT	UNTIL JULY, THEN IMM. PAST PRES.	2.00	Officer Director	$0	$0	$0
CORTNEY ANDERSON WASCHER	PRES-ELECT UNTIL JULY, THEN PRES.	2.00	Officer Director	$0	$0	$0
LEWIE SMITH 1ST VP	UNTIL JULY, THEN PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
LISA WILLIAMS 2ND VP	UNTIL JULY, THEN 1ST VP.	2.00	Officer Director	$0	$0	$0
ROBERT WARREN AT-LARGE	GOVERNOR UNTIL JULY, THEN 2ND VP.	2.00	Officer Director	$0	$0	$0
ALBERT C CALHOUN CEO	SECRETARY & TREASURER	2.00	Officer Director	$0	$0	$0
RON COUCH IMMEDIATE PAST	PRESIDENT UNTIL JUNE	2.00	Officer Director	$0	$0	$0
KEVIN TISH CERTIFICATION	COUNCIL CHAIR UNTIL JUNE	2.00	Director	$0	$0	$0
NATHAN BURKHARDT	AT-LARGE GOVERNOR AS OF JULY	2.00	Director	$0	$0	$0
TRAVIS MUDLOFF	AT-LARGE GOVERNOR AS OF JULY	2.00	Director	$0	$0	$0
NATHAN J SPITZ	AT-LARGE GOVERNOR AS OF JULY	2.00	Director	$0	$0	$0
ERIN WILSON	AT-LARGE GOVERNOR AS OF JULY	2.00	Director	$0	$0	$0
OWEN E KELLEY	AT-LARGE GOVERNOR	2.00	Director	$0	$0	$0
DAVID NEUNER JR	AT-LARGE GOVERNOR	2.00	Director	$0	$0	$0
HEIDI PASCALE	AT-LARGE GOVERNOR	2.00	Director	$0	$0	$0
LAURA A WACIK	AT-LARGE GOVERNOR	2.00	Director	$0	$0	$0
SCOTT COLBY	AT-LARGE GOVERNOR	2.00	Director	$0	$0	$0
JEFFREY BATICK	AT-LARGE GOVERNOR	2.00	Director	$0	$0	$0
MARK LINEBERGER	AT-LARGE GOVERNOR UNTIL JUNE	2.00	Director	$0	$0	$0
JAY PHILLIPS	AT-LARGE GOVERNOR UNTIL MARCH	2.00	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	$2,947,352	$2,953,553	$1,198,866	$-6,201
2022	$2,616,656	$2,651,994	$888,813	$-35,338
2021	$2,842,683	$2,739,707	$755,005	$102,976
2020	$2,161,572	$2,387,913	$925,899	$-226,341
2019	$3,616,719	$3,661,701	$1,191,621	$-44,982
2018	$4,576,678	$3,964,131	$1,313,058	$612,547