ASSOCIATION OF WOODWORKING AND FURNISHINGS SUPPLIERS

EIN: 953539433

ANAHEIM, CA

Total Revenue
$420,834
Total Expenses
$746,670
Total Assets
$10,088,350
Net Assets
$7,917,441
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
CA
Principal Officer
ANGELO GANGONE
Phone
3238389440
Tax Period
2024-01-01 to 2024-12-31

ASSOCIATION OF WOODWORKING AND FURNISHINGS SUPPLIERS, founded in 1979, is a small nonprofit that reported $421K in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $747K exceeded revenue, resulting in a 77% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THIS ASSOCIATION IS TO FOSTER AND PROMOTE THE GENERAL BUSINESS WELFARE OF THOSE PERSONS, FIRMS AND CORPORATIONS ENGAGED IN ALL PHASES OF THE WOODWORKING AND FURNISHINGS SUPPLY INDUSTRY. TO FOSTER AND ENCOURAGE THE INTRODUCTION OF SOUND BUSINESS PRACTICES AMONG THE MEMBERS OF THE ASSOCIATION AND TO STUDY COMMON INDUSTRY PROBLEMS AND DISSEMINATE REPORTS AND RECOMMENDATIONS BASED UPON SUCH STUDIES. TO ASSIST THROUGH EXHIBITIONS, THE BUSINESS IN THE INDUSTRY. TO BRING TO THE ATTENTION OF THE PROPER GOVERNMENT OFFICIALS BUSINESS AND LABOR LEADERS, HEALTH CARE AND EDUCATIONAL INSTITUTIONS, AND THE PUBLIC IN GENERAL, THE MATTERS AND PROBLEMS AFFECTING OR INVOLVING THE INDUSTRY FOR THE SAFETY & WELLBEING OF THE PUBLIC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $129,951
Investment Income $290,883
Other Revenue $0
TOTAL REVENUE $420,834

Expense Breakdown

Grants Paid $0
Salaries & Benefits $311,904
Fundraising Expenses $0
Program Expenses $382,824
Other Expenses $434,766
TOTAL EXPENSES $746,670

Year-over-Year Comparison

2024 2023 Change
Revenue $420,834 $5,195,900 -0.9%
Expenses $746,670 $4,634,621 -0.8%
Net Income $-325,836 $561,279 -1.6%
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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Governance

Voting Members
15
Independent Members
15
Employees
10
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
5
$0
Total Directors
11
$0
Key Employees
1
$379,909
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELO GANGONE EXECUTIVE V. 40.00
Key Emp
$336,320 $43,589 $379,909
KIMBERLY ROEHRICHT EMPLOYEE 40.00
Highest
$132,970 $2,832 $135,802
PHYLLIS CRYSTAL DIRECTOR 2.00
Director
$0 $0 $0
KARL FREY TRADESHOW CH 2.00
Director
$0 $0 $0
CASSEY GIBSON DIRECTOR 2.00
Director
$0 $0 $0
WADE GREGORY CONSULTANT 2.00
Director
$0 $0 $0
JOHN HENDERSON DIRECTOR 2.00
Director
$0 $0 $0
RANDY JAMISON DIRECTOR 2.00
Director
$0 $0 $0
BRIAN JOYCE DIRECTOR 2.00
Director
$0 $0 $0
HANNAH FARIA KHALAF DIRECTOR 2.00
Director
$0 $0 $0
NATHAN KLOMP DIRECTOR 2.00
Director
$0 $0 $0
PHIL POLSTON DIRECTOR 2.00
Director
$0 $0 $0
JONATHAN THOMPSON DIRECTOR 2.00
Director
$0 $0 $0
MARK ALSTER VICE PRESIDE 2.00
Officer
$0 $0 $0
BOB BROWN SECRETARY/TR 2.00
Officer
$0 $0 $0
MICHAEL CASSELL PRESIDENT 2.00
Officer
$0 $0 $0
DANIEL HERSHBERGER PAST PRESIDE 2.00
Officer
$0 $0 $0
ROB HOWELL PAST PRESIDE 2.00
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
2024 $420,834 $746,670 $10,088,350 $-325,836
2023 $5,195,900 $4,634,621 $8,588,205 $561,279
2022 $416,605 $694,926 $9,757,360 $-278,321
2021 $4,775,378 $4,000,113 $8,882,673 $775,265
2020 $420,050 $632,704 $9,808,000 $-212,654
2019 $5,776,508 $3,818,621 $8,285,489 $1,957,887
2018 $318,753 $585,131 $8,618,267 $-266,378
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