American Home Furnishings Alliance… - 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

1995

Legal Domicile

Principal Officer

Andy Counts

Phone

3368845000

Tax Period

2023-01-01 to 2023-12-31

American Home Furnishings Alliance Inc, founded in 1995, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 19% operating deficit.

Mission

The American Home Furnishings Alliance is committed to promoting the growth, citizenship and global leadership of home furnishings manufacturers, importers and suppliers in the United States.

Program Service Accomplishments

Program 1

Expenses: $1,564,159 Revenue: $2,167,899

Support members in the residential furniture industry by providing information and resources relating to health, safety, environmental, fashion and business issues for the home furnishings industry. We deliver by providing monthly publications, providing seminars on the furniture industry and related topics of interest, and promote the furniture industry.

Program 2

International woodworking fair is a trade show held every two years.

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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 $2,167,899

Investment Income $96,082

Other Revenue $0

TOTAL REVENUE $2,263,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,033,791

Fundraising Expenses $321,819

Program Expenses $1,564,159

Other Expenses $1,661,159

TOTAL EXPENSES $2,694,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,263,981	$3,362,599	-0.3%
Expenses	$2,694,950	$2,580,686	+0.0%
Net Income	$-430,969	$781,913	-1.6%

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

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

$239,005

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andy Counts	CEO	40.00	Officer	$228,733	$10,272	$239,005
Jaclyn Hirschhaut	VP Public Relations/Marketing	40.00		$225,987	$5,106	$231,093
Steve Elton	Director	1.00	Director	$0	$0	$0
Fred Henjes	Director	1.00	Director	$0	$0	$0
Mark Franklin	Director	1.00	Director	$0	$0	$0
Eddie Massgood	Director	1.00	Director	$0	$0	$0
Henry Vanderminden IV	Director	1.00	Director	$0	$0	$0
Sean O'Conner	Director	1.00	Director	$0	$0	$0
Edward Audi	Director	1.00	Director	$0	$0	$0
Veronica Schnitzius	Director	1.00	Director	$0	$0	$0
Luke Simpson	Director	1.00	Director	$0	$0	$0
Todd Wanek	Director	1.00	Director	$0	$0	$0
Neil Robinson	Director	1.00	Director	$0	$0	$0
Steve Lehman	Director	1.00	Director	$0	$0	$0
Caroline Hipple	Director	1.00	Director	$0	$0	$0
Allan Palacek	Director	1.00	Director	$0	$0	$0
Jeremy Hoff	Director	1.00	Director	$0	$0	$0
Melinda Whittington	Director	1.00	Director	$0	$0	$0
Andrew Wright	Director	1.00	Director	$0	$0	$0
Joe Johnston	Chairman	1.00	Officer Director	$0	$0	$0
Nathan Cressman	1st Vice Chair	1.00	Officer Director	$0	$0	$0
Andy Bray	2nd Vice Chair	1.00	Officer Director	$0	$0	$0
Roger Bland	Imm. Past Chair	1.00	Officer 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	$2,263,981	$2,694,950	$4,284,918	$-430,969
2022	$3,362,599	$2,580,686	$4,427,470	$781,913
2021	$2,392,147	$1,882,203	$4,248,862	$509,944
2020	$1,795,525	$1,923,177	$3,720,948	$-127,652
2019	$2,221,808	$2,136,795	$3,692,967	$85,013
2018	$2,326,935	$2,620,992	$3,309,500	$-294,057

American Home Furnishings Alliance Inc