FLOOR COVERING INSTALLATION CONTRACTORS ASSOCIATION INC (EIN 581499284) - 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

1982

Legal Domicile

Principal Officer

CATHERINE CHURCH

Phone

6308587337

Tax Period

2023-01-01 to 2023-12-31

FLOOR COVERING INSTALLATION CONTRACTORS ASSOCIATION INC, founded in 1982, is a small nonprofit that reported $767K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $164K, a strong 21% operating margin.

Mission

TO ACT AS A TRADE ASSOCIATION FOR ALL PERSONS, PARTNERSHIPS AND CORPORATIONS WHO ARE ENGAGED IN THE MANUFACTURING, DISTRIBUTING AND SUPPLYING OF MATERIAL AND SERVICES TO THE FLOOR COVERING INDUSTRY AND TO PROMOTE THE COMMON BUSINESS INTERESTS OF SUCH ENTITIES.

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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 $762,892

Investment Income $3,631

Other Revenue $267

TOTAL REVENUE $766,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $602,634

TOTAL EXPENSES $602,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$766,790	$563,932	+0.4%
Expenses	$602,634	$484,807	+0.2%
Net Income	$164,156	$79,125	+1.1%

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
PAT KELLY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOHN GILLESPIE	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
SHANE JENKINS	VICE CHAIRMAN OF ASSOCIATES	2.00	Officer Director	$0	$0	$0
JASON SPANGLER	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
MIKE NEWBERRY	DIRECTOR, IMMEDIATE PAST C	2.00	Director	$0	$0	$0
DEVON CLARK	DIRECTOR	2.00	Director	$0	$0	$0
RUSSELL CLEVELAND	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
HUSEYIN KOCA	DIRECTOR	2.00	Director	$0	$0	$0
JERRY LEE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES LOCKWOOD	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT MCDONALD	DIRECTOR	2.00	Director	$0	$0	$0
BILL PARGOE	DIRECTOR	2.00	Director	$0	$0	$0
WILMER PRESSEL	DIRECTOR	2.00	Director	$0	$0	$0
DON STYKA	DIRECTOR	2.00	Director	$0	$0	$0
JESSE TRANEL	DIRECTOR	2.00	Director	$0	$0	$0
JOHN WEST	DIRECTOR	2.00	Director	$0	$0	$0
ROD VON BUSCH	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE CHURCH	EXECUTIVE DIRECTOR	20.00	Officer	$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	$766,790	$602,634	$253,284	$164,156
2022	$563,932	$484,807	$90,144	$79,125
2021	$224,909	$267,946	$102,246	$-43,037
2021	$281,641	$322,419	$102,586	$-40,778
2020	$702,997	$693,431	$300,753	$9,566
2019	$612,039	$626,932	$339,250	$-14,893

FLOOR COVERING INSTALLATION CONTRACTORS ASSOCIATION INC