FAR WEST EQUIPMENT DEALERS ASSOCIATION (EIN 951531371) - 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

1946

Legal Domicile

Principal Officer

JOANI WOELFEL

Phone

5306666671

Tax Period

2023-08-01 to 2023-12-15

FAR WEST EQUIPMENT DEALERS ASSOCIATION, founded in 1946, is a micro nonprofit that reported $18K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $306K exceeded revenue, resulting in a 1558% operating deficit.

Mission

PROMOTE EQUIPMENT DEALER 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $42

Other Revenue $18,421

TOTAL REVENUE $18,463

Expense Breakdown

Grants Paid $77,501

Salaries & Benefits $193,484

Fundraising Expenses $0

Other Expenses $35,206

TOTAL EXPENSES $306,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,463	$314,706	-0.9%
Expenses	$306,191	$547,927	-0.4%
Net Income	$-287,728	$-233,221	+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

N/A

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
RUSSELL BALL	CHAIRMAN	N/A	Officer	$0	$0	$0
MIKE DIHEL	VICE CHAIRMA	N/A	Director	$0	$0	$0
BLAZE GRIFFIN	DIRECTOR	N/A	Director	$0	$0	$0
PHIL HASTINGS	DIRECTOR	N/A	Director	$0	$0	$0
BILL GARTON	DIRECTOR	N/A	Director	$0	$0	$0
GRANT GARTON	DIRECTOR	N/A	Director	$0	$0	$0
JOANI WOELFEL	PRESIDENT &	N/A	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
2023	$18,463	$306,191	No data	$-287,728
2023	$314,706	$547,927	$287,728	$-233,221
2022	$265,368	$188,309	$2,131,394	$77,059
2021	$227,112	$272,352	$2,436,110	$-45,240
2020	$135,352	$182,980	$2,371,626	$-47,628
2019	$321,423	$162,729	$2,395,400	$158,694
2018	$362,530	$210,680	$2,310,365	$151,850

FAR WEST EQUIPMENT DEALERS ASSOCIATION