WOOD MOULDING AND MILLWORK PRODUCE… - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

KELLIE A SCHROEDER

Phone

5306619591

Tax Period

2023-01-01 to 2023-12-31

WOOD MOULDING AND MILLWORK PRODUCERS ASSOCIATION INC, founded in 1963, is a small nonprofit that reported $230K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $276K exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVIDE A FORUM FOR MEMBERS OF THE WOOD MOULDING AND MILLWORK INDUSTRY TO ADDRESS QUALITY AND COORDINATE IMPROVEMENTS THEREIN.

Program Service Accomplishments

Program 1

Expenses: $200,528

DEVELOP FOREIGN MARKETS FOR MEMBERS TO SELL THEIR WOOD MOULDING AND MILLWORK PRODUCTS.

Program 2

SEMI-ANNUAL MEMBERSHIP MEETINGS TO PROVIDE A FORUM FOR MEMBERS TO DISCUSS PERTINENT INDUSTRY ISSUES AND SHARE IDEAS WITH PEERS.

Program 3

INDUSTRY NEWSLETTERS AND REPORTS PUBLISHED TO ASSIST THE ASSOCIATION'S MEMBERS IN THE PROMOTION OF THEIR PRODUCTS, SOURCES OF SUPPLY, AND STANDARDIZE WOOD MOULDING AND MILLWORK PRODUCTS.

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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 $218,030

Investment Income $5,482

Other Revenue $6,143

TOTAL REVENUE $229,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,010

Fundraising Expenses $0

Program Expenses $200,528

Other Expenses $155,295

TOTAL EXPENSES $276,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$229,655	$561,256	-0.6%
Expenses	$276,305	$260,124	+0.1%
Net Income	$-46,650	$301,132	-1.2%

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

$83,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROOKS DAME	PRESIDENT	2.00	Director	$0	$0	$0
MATT WEABER	VICE PRESIDENT	2.00	Director	$0	$0	$0
CRAIG YOUNG	TREASURER	2.00	Director	$0	$0	$0
DEREK DELANEY	2ND VICE PRESIDENT	2.00	Director	$0	$0	$0
CLAUS STAALNER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SLATER	DIRECTOR	1.00	Director	$0	$0	$0
AL DELBRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
BILL GEOFROY	DIRECTOR	1.00	Director	$0	$0	$0
PHIL MENZNER	DIRECTOR	1.00	Director	$0	$0	$0
TOM WILLIAMS JR	DIRECTOR	1.00	Director	$0	$0	$0
CARL LINDGREN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LATIMER	DIRECTOR	1.00	Director	$0	$0	$0
ANDRES ALARCON	DIRECTOR	1.00	Director	$0	$0	$0
KELLIE A SCHROEDER	EXECUTIVE VP	40.00	Officer	$83,000	$0	$83,000

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	$229,655	$276,305	$514,037	$-46,650
2022	$561,256	$260,124	$556,417	$301,132
2021	$213,002	$208,316	$250,273	$4,686
2020	$203,565	$179,482	$244,365	$24,083
2019	$287,622	$284,666	$214,817	$2,956
2018	$276,310	$309,464	$209,176	$-33,154

WOOD MOULDING AND MILLWORK PRODUCERS ASSOCIATION INC