FLOORING ASSOCIATION NORTHWEST

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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

1994

Legal Domicile

Principal Officer

RUSS SANDERLIN

Phone

4255028189

Tax Period

2019-01-01 to 2019-12-31

FLOORING ASSOCIATION NORTHWEST, founded in 1994, is a small nonprofit that reported $151K in total revenue in fiscal year 2019.

Mission

RAISING THE FLOOR ON RELATIONSHIPS, STANDARDS, AND PROFITABILITY.

Program Service Accomplishments

Program 1

IMPROVING, ADVANCING, AND UNIFYING THE FLOOR COVERING INDUSTRY IN THE NORTHWEST THROUGH EDUCATION, TRAINING, AND ADVOCACY.

Program 2

GOLF TOURNAMENT - A GOLF TOURNAMENT WAS HELD WHICH ALLOWED MEMBERS TO NETWORK, SOCIALIZE, AND GET TO KNOW ONE ANOTHER.

Program 3

TRADESHOW - TO EDUCATE AND PROVIDE RESOURCES TO MEMBERS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $49,655

Program Service Revenue $100,951

Investment Income $15

Other Revenue $280

TOTAL REVENUE $150,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,084

Fundraising Expenses $0

Other Expenses $106,935

TOTAL EXPENSES $161,019

Year-over-Year Comparison

	2019	2018	Change
Revenue	$150,901	$147,557	+0.0%
Expenses	$161,019	$160,413	+0.0%
Net Income	$-10,118	$-12,856	-0.2%

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

Total Directors

$48,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA L GASPARICH	EXECUTIVE DI	40.00	Director	$48,000	$0	$48,000
JUSTIN DEWEY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ERICSON	DIRECTOR	1.00	Director	$0	$0	$0
KATIE ESCOBAR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN D GALLUP	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GORIA	DIRECTOR	1.00	Director	$0	$0	$0
TERESA LEGLER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SESSUM	DIRECTOR	1.00	Director	$0	$0	$0
CHAD BALLARD	TREASURER	5.00	Officer	$0	$0	$0
BRYAN GOFFE	PRESIDENT	5.00	Officer	$0	$0	$0
RUSS SANDERLIN	VICE PRESIDE	5.00	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
2019	$150,901	$161,019	$67,673	$-10,118
2018	$147,557	$160,413	$94,902	$-12,856