Drywall Contractors Association Inc
Drywall Contractors Association Inc: Declining Revenue, Strong Assets, and Transparency Gaps
EIN: 221989461 · Mount Laurel, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $591K |
| Total Expenses | $1.8M |
| Program Spending | 70% |
| Net Assets | $1.1M |
| Transparency Score | 65/100 |
Is Drywall Contractors Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Drywall Contractors Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Drywall Contractors Association Inc
Drywall Contractors Association Inc (EIN: 221989461) is a nonprofit organization based in Mount Laurel, NJ. The organization reported total revenue of $591K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drywall Contractors Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drywall Contractors Association Inc is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $618K |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-1,142,954 |
| Total Assets | $1.4M |
| Total Liabilities | $314K |
| Net Assets | $1.1M |
| Operating Margin | -184.9% |
| Debt-to-Asset Ratio | 22.8% |
| Months of Reserves | 9.4 months |
Financial Health Grade: B
In 2022, Drywall Contractors Association Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 22.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2022), Drywall Contractors Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -72.8% | +67.0% | -19.5% |
| 2021 | +184.9% | -4.2% | +288.7% |
| 2020 | -24.8% | -4.7% | -45.7% |
| 2019 | +112.4% | +115.4% | +0.6% |
| 2018 | -33.3% | -34.9% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Drywall Contractors Association Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Drywall Contractors Association Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives were provided in the available data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Drywall Contractors Association Inc's IRS 990 filings:
- Significant revenue decline from $2,272,508 in 2021 to $618,214 in 2022, raising questions about financial stability or operational changes.
- Lack of detailed information regarding program activities and their impact.
- Inconsistent fiscal year-end reporting (June vs. December) in earlier years, which can complicate trend analysis.
Strengths
The following positive indicators were identified for Drywall Contractors Association Inc:
- Maintains a strong asset base relative to liabilities, with $1,377,586 in assets and $314,359 in liabilities in 2022.
- Historically low percentage of lobbying expenses (0% in all reported years), indicating a focus away from direct political advocacy.
- Consistent reporting of financial data through 990 filings over several years.
Frequently Asked Questions about Drywall Contractors Association Inc
Is Drywall Contractors Association Inc a legitimate charity?
Drywall Contractors Association Inc (EIN: 221989461) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $591K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Drywall Contractors Association Inc spend its money?
Drywall Contractors Association Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Drywall Contractors Association Inc tax-deductible?
Drywall Contractors Association Inc is registered as a tax-exempt nonprofit (EIN: 221989461). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Drywall Contractors Association Inc's spending goes to programs?
Drywall Contractors Association Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Drywall Contractors Association Inc located?
Drywall Contractors Association Inc is headquartered in Mount Laurel, New Jersey and files with the IRS under EIN 221989461.
How many years of IRS 990 filings does Drywall Contractors Association Inc have?
Drywall Contractors Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $591K in total revenue.
What does Drywall Contractors Association Inc do?
Drywall Contractors Association Inc is a nonprofit organization in the Unknown sector, located in Mount Laurel, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Drywall Contractors Association Inc have?
Drywall Contractors Association Inc reported total revenue of $590,833. Based on 13 IRS 990 filings on record.
What are Drywall Contractors Association Inc's total assets?
Drywall Contractors Association Inc holds total assets of $1,837,492 as reported in IRS 990 filings.
Where is Drywall Contractors Association Inc located?
Drywall Contractors Association Inc is based in Mount Laurel, New Jersey.
What is Drywall Contractors Association Inc's EIN?
Drywall Contractors Association Inc's Employer Identification Number (EIN) is 221989461. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Drywall Contractors Association Inc?
Drywall Contractors Association Inc is classified under NTEE code Unknown (Unknown).
Is Drywall Contractors Association Inc a registered 501(c)(3)?
Drywall Contractors Association Inc appears in IRS records (EIN: 221989461). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Drywall Contractors Association Inc file IRS Form 990?
Yes, Drywall Contractors Association Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202212.
What was Drywall Contractors Association Inc's revenue in 2022?
In the 202212 filing period, Drywall Contractors Association Inc reported total revenue of $618,214, total expenses of $1,761,168, and net assets of $1,377,586.
Is Drywall Contractors Association Inc's revenue growing or declining?
Drywall Contractors Association Inc's revenue is declining. Revenue went from $2,272,508 (202112) to $618,214 (202212), a -72.8% change. Based on 13 filings on record.
What is Drywall Contractors Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Drywall Contractors Association Inc covers tax period 202212. It shows revenue of $618,214, expenses of $1,761,168, total assets of $1,377,586, and liabilities of $314,359.
How much does Drywall Contractors Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Drywall Contractors Association Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Drywall Contractors Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Drywall Contractors Association Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Drywall Contractors Association Inc?
The following concerns were identified: Significant revenue decline from $2,272,508 in 2021 to $618,214 in 2022, raising questions about financial stability or operational changes.. Lack of detailed information regarding program activities and their impact.. Inconsistent fiscal year-end reporting (June vs. December) in earlier years, which can complicate trend analysis.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Drywall Contractors Association Inc's strengths?
Positive indicators for Drywall Contractors Association Inc include: Maintains a strong asset base relative to liabilities, with $1,377,586 in assets and $314,359 in liabilities in 2022.. Historically low percentage of lobbying expenses (0% in all reported years), indicating a focus away from direct political advocacy.. Consistent reporting of financial data through 990 filings over several years.. These findings are derived from AI analysis of the organization's financial filings.
How does Drywall Contractors Association Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives were provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Drywall Contractors Association Inc?
• The organization's 990 filings are publicly available, but detailed program descriptions are limited. • Specific breakdowns of administrative and fundraising costs are not clearly delineated in the provided data. • No explicit transparency report or policy is immediately evident from the data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors contributed to the drastic revenue drop from $2,272,508 in 2021 to $618,214 in 2022, and how does the organization plan to address this trend?
The provided data does not specify the reasons for this significant decline, which could be due to various factors such as reduced membership, fewer events, or changes in funding sources. Further investigation into their operational reports or direct communication would be needed to understand their strategy for revenue recovery.
Given the substantial assets of $1,377,586 in 2022, how does the organization plan to utilize these assets to further its mission, especially in light of the recent revenue decline?
The data indicates a healthy asset base, but without specific program details, it's unclear how these assets are strategically deployed. They could be used to fund new initiatives, build reserves, or invest in long-term sustainability, but the current information doesn't provide this insight.
Filing History
IRS 990 filing history for Drywall Contractors Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2022), Drywall Contractors Association Inc's revenue has declined by 2%, moving from $631K to $618K. Total assets increased by 28.2% over the same period, from $1.1M to $1.4M. Total functional expenses rose by 231.8%, from $531K to $1.8M. In its most recent filing year (2022), Drywall Contractors Association Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $314K in liabilities against $1.4M in assets (debt-to-asset ratio: 22.8%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $618K | $1.8M | $1.4M | $314K | — | View 990 |
| 2021 | $2.3M | $1.1M | $1.7M | $112K | — | View 990 |
| 2020 | $798K | $1.1M | $440K | $115K | — | View 990 |
| 2019 | $1.1M | $1.2M | $811K | $112K | — | — |
| 2018 | $499K | $537K | $807K | $74K | — | View 990 |
| 2018 | $749K | $824K | $883K | $11K | — | View 990 |
| 2017 | $713K | $816K | $1.0M | $12K | — | View 990 |
| 2016 | $671K | $738K | $1.1M | $76K | — | View 990 |
| 2015 | $717K | $722K | $1.2M | $84K | — | View 990 |
| 2014 | $632K | $708K | $1.3M | $80K | — | View 990 |
| 2013 | $657K | $667K | $1.2M | $26K | — | View 990 |
| 2012 | $587K | $483K | $1.2M | $57K | — | View 990 |
| 2011 | $631K | $531K | $1.1M | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $618K, expenses of $1.8M, and assets of $1.4M (revenue -72.8% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.1M, and assets of $1.7M (revenue +184.9% year-over-year).
- 2020: Revenue of $798K, expenses of $1.1M, and assets of $440K (revenue -24.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $811K (revenue +112.4% year-over-year).
- 2018: Revenue of $499K, expenses of $537K, and assets of $807K (revenue -33.3% year-over-year).
- 2018: Revenue of $749K, expenses of $824K, and assets of $883K (revenue +5.0% year-over-year).
- 2017: Revenue of $713K, expenses of $816K, and assets of $1.0M (revenue +6.3% year-over-year).
- 2016: Revenue of $671K, expenses of $738K, and assets of $1.1M (revenue -6.5% year-over-year).
- 2015: Revenue of $717K, expenses of $722K, and assets of $1.2M (revenue +13.5% year-over-year).
- 2014: Revenue of $632K, expenses of $708K, and assets of $1.3M (revenue -3.8% year-over-year).
- 2013: Revenue of $657K, expenses of $667K, and assets of $1.2M (revenue +11.9% year-over-year).
- 2012: Revenue of $587K, expenses of $483K, and assets of $1.2M (revenue -6.9% year-over-year).
- 2011: Revenue of $631K, expenses of $531K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drywall Contractors Association Inc:
Data Sources and Methodology
This transparency report for Drywall Contractors Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.