NATIONAL WOOD FLOORING ASSOCIATION

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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

1986

Legal Domicile

Principal Officer

MICHAEL MARTIN

Phone

6365199663

Tax Period

2024-01-01 to 2024-12-31

NATIONAL WOOD FLOORING ASSOCIATION, founded in 1986, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Expenses of $3.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO UNIFY AND STRENGTHEN THE WOOD FLOORING COMMUNITY THROUGH TECHNICAL STANDARDS, EDUCATION, NETWORKING AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $1,797,891 Revenue: $2,970,611

TO UNIFY AND STRENGTHEN THE WOOD FLOORING COMMUNITY THROUGH TECHNICAL STANDARDS, EDUCATION, NETWORKING AND ADVOCACY.

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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 $18,333

Program Service Revenue $2,935,523

Investment Income $47,214

Other Revenue $277,488

TOTAL REVENUE $3,278,558

Expense Breakdown

Grants Paid $10,450

Salaries & Benefits $1,791,618

Fundraising Expenses $0

Program Expenses $1,797,891

Other Expenses $1,903,279

TOTAL EXPENSES $3,705,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,278,558	$3,136,530	+0.0%
Expenses	$3,705,347	$3,536,595	+0.0%
Net Income	$-426,789	$-400,065	+0.1%

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

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

$510,719

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE RUSSELL	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
RAYMOND MANCINI	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE BRATTIN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN MURPHY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SAM COBB	TREASURER	1.00	Officer Director	$0	$0	$0
MARC SCHULZ	EX-OFFICIO DIRECTOR	1.00	Director	$0	$0	$0
JASON ELQUEST	DIRECTOR	1.00	Director	$0	$0	$0
KIRK ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
DAN NATKIN	DIRECTOR	1.00	Director	$0	$0	$0
JESSE JOYCE	DIRECTOR	1.00	Director	$0	$0	$0
LENNY HALL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN CARSON	EX-OFFICIO DIRECTOR	1.00	Director	$0	$0	$0
BRYAN PARK	DIRECTOR	1.00	Director	$0	$0	$0
DAN GORSEGNER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SKUTELSKY	EX-OFFICIO DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW GARCIA	EX-OFFICIO DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MARTIN	CEO	32.00	Officer	$299,236	$29,890	$329,126
ANITA HOWARD	COO	30.00	Officer	$143,639	$30,394	$181,593
BRETT MILLER	VP OF TECHNICAL PUBLICATIO	12.00	Highest	$81,787	$27,420	$176,123
LIBBY JOHNSON	PUBLISHER & VP OF MEDIA	2.00	Highest	$146,268	$16,768	$163,036
STEPHANIE OWEN	VP EDUCATION	12.00	Highest	$14,756	$23,038	$170,599
DANA ROGERS	CONTROLLER	32.00	Highest	$95,141	$17,955	$126,070

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	$3,278,558	$3,705,347	$5,405,444	$-426,789
2023	$3,136,530	$3,536,595	$5,370,019	$-400,065
2022	$2,479,645	$3,008,109	$4,116,861	$-528,464
2021	$3,055,230	$2,218,492	$4,896,290	$836,738
2020	$2,830,047	$2,114,519	$4,898,346	$715,528
2019	$3,232,060	$3,469,247	$3,875,853	$-237,187
2018	$3,116,903	$3,469,506	$3,304,612	$-352,603