CERAMIC TILE INSTITUTE OF AMERICA

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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

1992

Legal Domicile

Principal Officer

DAVID G LAFORTUNE

Tax Period

2022-07-01 to 2023-06-30

CERAMIC TILE INSTITUTE OF AMERICA, founded in 1992, is a small nonprofit that reported $103K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $21K, a strong 20% operating margin.

Mission

PROMOTES USE OF CERAMIC TILE

Program Service Accomplishments

Program 1

Statement of Program Service AccomplishmentsTechnical Services The following is a description of technical services provided to achieve the purposes of promoting high quality tile installations using approved and tested techniques promoting the use of high quality tile products and allied products, and providing extensive industry support activities to all realms of the tile and construction industry 1 Responding to inquiries appropriate materials methods of installation answers printed literature according to the Standards of the Tile Trade 1000 calls 250 email responses 2 Attending conferences and meeting for the purpose of influencing the ongoing development of the body of knowledge known as the Standards of the Tile Trade 3 attended and 2 hosted 3 Visiting installation job sites to provide neutral investigation of a potential job problem and preparing a report to be disseminated to interested parties. 1 technical field report published Technical services are provided to all interested parties, whether they are members or nonmembers including architects specification writers, design professionals civil servants contractors manufacturers importers distributors retailers owners and consumers

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $102,923

Investment Income $6

Other Revenue $0

TOTAL REVENUE $102,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,397

Fundraising Expenses $0

Other Expenses $51,447

TOTAL EXPENSES $81,844

Year-over-Year Comparison

	2022	2021	Change
Revenue	$102,929	$114,467	-0.1%
Expenses	$81,844	$144,554	-0.4%
Net Income	$21,085	$-30,087	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN D WIRTZ	CONTR REP DIR	0.00	Director	$0	$0	$0
BILL KLASER	CONTR REP DIR	0.00	Director	$0	$0	$0
MICHAEL NISEMBAUM	CONTR REP DIR	0.00	Director	$0	$0	$0
LINDELL LUMMER	CONTR REP DIR	0.00	Director	$0	$0	$0
TOM BRADY	MANU REP DIR	0.00	Director	$0	$0	$0
THOMAS DOMENICI	MANU REP DIR	0.00	Director	$0	$0	$0
DAVID G LAFORTUNE	EXECUTIVE DIR	40.00	Officer Director	$0	$0	$0
JUDY WILLIAMS	OFFICE MANAGER	0.00	Key Emp	$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	$102,929	$81,844	No data	$21,085
2022	$114,467	$144,554	$38,111	$-30,087
2021	$166,756	$140,860	$64,054	$25,896
2020	$158,013	$233,403	$45,838	$-75,390
2019	$338,062	$324,653	$120,206	$13,409