North American Home Furnishings As… - 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

1944

Legal Domicile

Principal Officer

Peter Theran

Phone

8004223778

Tax Period

2025-01-01 to 2025-12-31

North American Home Furnishings Association, founded in 1944, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2025. Revenue surged 1262% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 23% operating margin.

Mission

The Organization serves the needs and interests of home furnishings retailer members across all 50 states by providing programs, resources, services and a unified voice in government relations by partnering with home furnishings' industry suppliers, vendors, affiliates and other organizations.

Program Service Accomplishments

Program 1

NAHFA offered home furnishings market trade shows, an annual conference, educational webinars and numerous regional events/meetings to improve the business opportunities and management practices of...

Program 2

NAHFA hosts unique and impactful events. The annual CEO summit event brings together top retail members to discuss key challenges facing the industry and learn best practices in areas like logistics, merchandising, product procurement, and continuous improvement. NAHFA also hosts Market Tradeshows with exhibitors, expert speaker seminars, and networking with industry professionals.

Program 3

NAHFA conducted government relations activities focusing on retail home furnishings industry marketplace issues related to sales tax collection, interchange fees on bankcard processing, tarrifs, EPA regulations, department of transportation regulations, healthcare reform, tax reform and other issues of interest to retail home furnishings industry 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,913,455

Investment Income $355,143

Other Revenue $340,730

TOTAL REVENUE $4,609,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,212,498

Fundraising Expenses $0

Other Expenses $2,346,553

TOTAL EXPENSES $3,559,051

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,609,328	$338,436	+12.6%
Expenses	$3,559,051	$356,360	+9.0%
Net Income	$1,050,277	$-17,924	-59.6%

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

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

$403,347

Total Directors

Key Employees

$210,922

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dave Koehler	President	1.00	Officer Director	$0	$0	$0
Eric Poupard	President	1.00	Director	$0	$0	$0
Randilynn Talsma	President Elect	1.00	Officer Director	$0	$0	$0
Eric Easter	Secretary	1.00	Officer Director	$0	$0	$0
Jared Simon	Treasurer	1.00	Officer Director	$0	$0	$0
Matt Schultz	Immediate Past President	1.00	Officer Director	$0	$0	$0
Bailee Nebeker	Director	1.00	Director	$0	$0	$0
Jacob Schevin	Director	1.00	Director	$0	$0	$0
Joel Haimsohn	Director	1.00	Director	$0	$0	$0
Lenny Kharitonov	Director	1.00	Director	$0	$0	$0
Mariam Farach	Director	1.00	Director	$0	$0	$0
Matthew Waugh	Director	1.00	Director	$0	$0	$0
Paris Gholston	Director	1.00	Director	$0	$0	$0
Peter Theran	Director	1.00	Director	$0	$0	$0
Rebecca Reeder	Director	1.00	Director	$0	$0	$0
Peter Theran	CEO (From 09/25)	13.00	Officer	$112,920	$4,939	$117,859
Shannon Williams	CEO (To 06/25)	22.00	Officer	$127,378	$9,043	$136,421
Evan Martin	VP of Finance	40.00	Officer	$133,793	$15,274	$149,067
Elizabeth Spriggs	COO	40.00	Key Emp	$195,527	$15,395	$210,922
Jordan Boyst	Dir Strategic Initiatives	40.00	Highest	$103,533	$15,350	$118,883
Howard Timmons	Dir Marketing/Communications	40.00	Highest	$100,166	$25,756	$125,922

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	$4,609,328	$3,559,051	$15,966,663	$1,050,277
2024	No data	No data	No data	No data
2024	$4,697,585	$3,772,827	$13,771,124	$924,758
2023	$3,900,134	$2,996,738	$10,836,226	$903,396
2022	$4,123,294	$3,310,811	$10,374,635	$812,483
2021	$5,041,631	$2,830,431	$10,429,972	$2,211,200
2020	$2,075,383	$2,103,743	$8,485,834	$-28,360
2019	$3,724,860	$3,401,284	$7,955,220	$323,576
2018	$3,315,632	$2,763,853	$7,066,120	$551,779

North American Home Furnishings Association