RESILIENT FLOOR COVERING INDUSTRY TRUST (EIN 941641495) - 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

1966

Legal Domicile

Principal Officer

FRANK NUNES

Phone

9256000475

Tax Period

2024-06-01 to 2025-05-31

RESILIENT FLOOR COVERING INDUSTRY TRUST, founded in 1966, is a micro nonprofit that reported $111 in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $103K exceeded revenue, resulting in a 93060% operating deficit.

Mission

PROMOTION AND EDUCATION OF THE FLOORING INDUSTRY.

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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 $0

Program Service Revenue $0

Investment Income $111

Other Revenue $0

TOTAL REVENUE $111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,173

Other Expenses $103,408

TOTAL EXPENSES $103,408

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111	$1,308	-0.9%
Expenses	$103,408	$252,458	-0.6%
Net Income	$-103,297	$-251,150	-0.6%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY WADLEY	DIRECTOR	2.00	Director	$0	$0	$0
TOM CHRISTOPHE	PRESIDENT	2.00	Officer Director	$0	$0	$0
SKIP MANCINI	DIRECTOR	2.00	Director	$0	$0	$0
MIKE LIVINGSTON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TOM CUDDIE	SECRETARY	2.00	Officer Director	$0	$0	$0
FRANK NUNES	EXECUTIVE DIRECTOR	20.00	Director	$0	$0	$0
JOHN RALLY	DIRECTOR	2.00	Director	$0	$0	$0
CORRIE PRESTON	DIRECTOR	2.00	Director	$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
2025	$111	$103,408	$1,220,499	$-103,297
2024	$1,308	$252,458	$1,328,414	$-251,150
2023	$202,826	$685,222	$1,588,331	$-482,396
2022	$306,708	$130,388	$2,093,546	$176,320
2021	$316,896	$82,043	$1,882,912	$234,853
2020	$383,232	$92,668	$1,646,231	$290,564
2019	$432,694	$56,400	$1,360,127	$376,294

RESILIENT FLOOR COVERING INDUSTRY TRUST