WOOD PRODUCTS COUNCIL

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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

2007

Legal Domicile

Principal Officer

JENNIFER COVER

Phone

8582431620

Tax Period

2023-01-01 to 2023-12-31

WOOD PRODUCTS COUNCIL, founded in 2007, is a mid-sized nonprofit in the Community Improvement sector that reported $10.2M in total revenue in fiscal year 2023. Expenses of $9.8M left a modest 4% surplus.

Mission

HELP PROTECT AND GROW THE MARKET FOR WOOD PRODUCTS IN NORTH AMERICA.

Program Service Accomplishments

Program 1

THE WOODWORKS FIELD TEAM WORKS DIRECTLY WITH DESIGN AND BUILDING PROFESSIONALS TO PROVIDE TECHNICAL ASSISTANCE, EDUCATION, AND RESOURCES, AND OTHERWISE SUPPORT THE USE OF WOOD IN NON-RESIDENTIAL AND...

Program 2

THE COMMUNICATIONS TEAM SUPPORTS THE CORE GOAL OF INCREASING THE NUMBER OF PROJECTS CONVERTED TO WOOD THROUGH A VARIETY OF MEANS-E.G., BY RAISING AWARENESS OF WOODWORKS AS AN EXPERT RESOURCE, AND...

THE COMMUNICATIONS TEAM SUPPORTS THE CORE GOAL OF INCREASING THE NUMBER OF PROJECTS CONVERTED TO WOOD THROUGH A VARIETY OF MEANS-E.G., BY RAISING AWARENESS OF WOODWORKS AS AN EXPERT RESOURCE, AND PROMOTING ASPECTS OF THE PROGRAM SUCH AS PROJECT ASSISTANCE AND EVENTS.

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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 $9,900,417

Program Service Revenue $163,466

Investment Income $119,868

Other Revenue $0

TOTAL REVENUE $10,183,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,131,805

Fundraising Expenses $0

Other Expenses $3,628,091

TOTAL EXPENSES $9,759,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,183,751	$9,495,196	+0.1%
Expenses	$9,759,896	$9,119,167	+0.1%
Net Income	$423,855	$376,029	+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

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

$490,857

Total Directors

Key Employees

$316,596

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BART BENDER	BOARD CHAIRMAN (UNTIL 6/1/23)	0.10	Officer Director	$0	$0	$0
KEITH O'REAR	BOARD CHARIMAN	0.10	Officer Director	$0	$0	$0
CADE WARNER	VICE CHAIRMAN	0.10	Officer Director	$0	$0	$0
RYAN FLOM	TREASURER	0.10	Officer Director	$0	$0	$0
KIM HENZE	CLASS I SUPPORTING DIRECTOR	0.10	Director	$0	$0	$0
CHRIS ANDREWS	CLASS II SUPPORTING DIRECTOR	0.10	Director	$0	$0	$0
BRIAN MERWIN	CLASS II SUPPORTING DIRECTOR	0.10	Director	$0	$0	$0
CODY ARMBRISTER	AT-LARGE DIRECTOR	0.10	Director	$0	$0	$0
JIM LANGDALE	AT-LARGE DIRECTOR	0.10	Director	$0	$0	$0
CHANDRA ROBINSON	AT-LARGE DIRECTOR	0.10	Director	$0	$0	$0
KRISTINA ROGERS	AT-LARGE DIRECTOR	0.10	Director	$0	$0	$0
JENNIFER COVER	PRESIDENT & CEO/BOARD SECRETARY	40.00	Officer	$420,044	$70,813	$490,857
DAVID CONNELL	LEGAL COUNCIL	0.10	Officer	$0	$0	$0
WILLIAM PARSONS	CHIEF OPERATING OFFICER	40.00	Key Emp	$252,309	$64,287	$316,596
JASON REYNOLDS	SR DIR, EASTERN DIVISION	40.00	Highest	$167,719	$53,215	$220,934
HEATHER STRONG	SR DIR, PROJECT RESOURCES	40.00	Highest	$170,895	$45,807	$216,702
JANELLE LEAFBLAD	SR DIR, WESTERN DIVISION	40.00	Highest	$142,746	$54,099	$196,845
SCOTT BRENEMAN	SR TECHNICAL DIRECTOR	40.00	Highest	$139,282	$47,263	$186,545
RICHARD MCLAIN	SR TECHNICAL DIRECTOR	40.00	Highest	$143,129	$36,486	$179,615

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	$10,183,751	$9,759,896	$7,213,171	$423,855
2022	$9,495,196	$9,119,167	$6,050,942	$376,029
2021	$8,228,238	$7,843,650	$6,266,432	$384,588
2020	$8,123,354	$6,850,696	$5,491,319	$1,272,658
2019	$7,746,000	$7,309,974	$3,838,729	$436,026
2018	$7,625,326	$6,947,657	$3,378,823	$677,669