High Point International Home Furnishing Market Authority (EIN 562264074) - 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

2001

Legal Domicile

Principal Officer

Tammy Covington

Phone

3368691000

Tax Period

2024-07-01 to 2025-06-30

High Point International Home Furnishing Market Authority, founded in 2001, is a mid-sized nonprofit in the Community Improvement sector that reported $14.7M in total revenue in fiscal year 2024. The organization ran a surplus of $4.5M, a strong 31% operating margin.

Mission

Promote and facilitate International Home Furnishings Market in High Point.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,342,427

Program Service Revenue $3,028,266

Investment Income $363,175

Other Revenue $0

TOTAL REVENUE $14,733,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,206,356

Fundraising Expenses $0

Program Expenses $10,202,304

Other Expenses $7,995,948

TOTAL EXPENSES $10,202,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,733,868	$13,922,356	+0.1%
Expenses	$10,202,304	$10,443,570	0.0%
Net Income	$4,531,564	$3,478,786	+0.3%

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

261

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

$305,734

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tammy Covington	Pres/Sec/CEO	40.00	Officer	$283,623	$22,111	$305,734
Terry Venable	VP of Operations & Finance	40.00		$167,295	$17,052	$184,347
Benjamin Muller	VP of Marketing & Communications	40.00		$163,358	$16,894	$180,252
Ashley Grigg	VP of Str. Growth	40.00		$151,632	$6,809	$158,441
Dorothy Belshaw	Director	1.00	Director	$0	$0	$0
Doug Bassett	Director	1.00	Director	$0	$0	$0
Heinz Kattenfeld	Director	1.00	Director	$0	$0	$0
Den Cralle	Director	1.00	Director	$0	$0	$0
Cyril Jefferson	Director	1.00	Director	$0	$0	$0
Kevin Baker	Director	1.00	Director	$0	$0	$0
George Jordan	Director	1.00	Director	$0	$0	$0
DuVal Reynolds	Director	1.00	Director	$0	$0	$0
Joni Burden	Director	1.00	Director	$0	$0	$0
Christi Barbour	Chairperson	1.00	Officer Director	$0	$0	$0
Jeremy Hoff	Vice Chairman	1.00	Officer Director	$0	$0	$0
Alex Shuford III	Imm Past Chair	1.00	Officer Director	$0	$0	$0
Blake Millinor	Treasurer	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
2025	$14,733,868	$10,202,304	$15,384,515	$4,531,564
2024	$13,922,356	$10,443,570	$10,534,478	$3,478,786
2023	$9,561,107	$8,892,676	$6,965,299	$668,431
2022	$9,107,813	$8,858,952	$5,935,250	$248,861
2021	$7,467,309	$7,184,580	$6,441,488	$282,729
2021	$7,467,309	$7,184,580	$6,441,488	$282,729
2020	$6,203,401	$5,607,981	$5,917,197	$595,420
2019	$6,904,601	$6,814,279	$5,226,522	$90,322

High Point International Home Furnishing Market Authority