Wood Component Manufacturers Association
EIN: 620522397 · Lindstrom, MN
| Metric | Value |
|---|---|
| Total Revenue | $272K |
| Total Expenses | $269K |
| Net Assets | $706K |
Is Wood Component Manufacturers Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wood Component Manufacturers Association
Wood Component Manufacturers Association (EIN: 620522397) is a nonprofit organization based in Lindstrom, MN. The organization reported total revenue of $272K and total assets of $756K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wood Component Manufacturers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wood Component Manufacturers Association is a small nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $219K |
| Total Expenses | $269K |
| Surplus / Deficit | $-50,118 |
| Total Assets | $708K |
| Total Liabilities | $1K |
| Net Assets | $706K |
| Operating Margin | -22.9% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 31.6 months |
Financial Health Grade: B
In 2023, Wood Component Manufacturers Association reported a deficit of $50K with expenses exceeding revenue, holds 31.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wood Component Manufacturers Association's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.0% | +14.0% | +6.2% |
| 2022 | -39.0% | +7.2% | -27.2% |
| 2021 | +68.4% | +17.7% | +13.8% |
| 2020 | -44.2% | -17.8% | +4.7% |
| 2019 | -14.7% | -15.0% | +16.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wood Component Manufacturers Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wood Component Manufacturers Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Wood Component Manufacturers Association
Is Wood Component Manufacturers Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Wood Component Manufacturers Association (EIN: 620522397) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wood Component Manufacturers Association spend its money?
Detailed spending breakdown data is not yet available for Wood Component Manufacturers Association. Check back for updated IRS 990 analysis.
Are donations to Wood Component Manufacturers Association tax-deductible?
Wood Component Manufacturers Association is registered as a tax-exempt nonprofit (EIN: 620522397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wood Component Manufacturers Association located?
Wood Component Manufacturers Association is headquartered in Lindstrom, Minnesota and files with the IRS under EIN 620522397.
How many years of IRS 990 filings does Wood Component Manufacturers Association have?
Wood Component Manufacturers Association 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 $272K in total revenue.
Filing History
IRS 990 filing history for Wood Component Manufacturers Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wood Component Manufacturers Association's revenue has declined by 0.9%, moving from $221K to $219K. Total assets increased by 54.8% over the same period, from $457K to $708K. Total functional expenses fell by 0.3%, from $270K to $269K. In its most recent filing year (2023), Wood Component Manufacturers Association reported a deficit of $50K, with expenses exceeding revenue. The organization holds $1K in liabilities against $708K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $706K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $219K | $269K | $708K | $1K | — | — |
| 2022 | $156K | $236K | $666K | $8K | — | View 990 |
| 2021 | $256K | $220K | $915K | $9K | — | View 990 |
| 2020 | $152K | $187K | $804K | $11K | — | — |
| 2019 | $273K | $227K | $768K | $12K | — | View 990 |
| 2018 | $320K | $268K | $657K | $2K | — | View 990 |
| 2017 | $256K | $254K | $725K | $35K | — | View 990 |
| 2016 | $208K | $245K | $591K | $0 | — | View 990 |
| 2015 | $229K | $251K | $582K | $10K | — | View 990 |
| 2014 | $241K | $267K | $661K | $0 | — | View 990 |
| 2013 | $271K | $234K | $709K | $0 | — | View 990 |
| 2012 | $263K | $273K | $672K | $0 | — | View 990 |
| 2011 | $221K | $270K | $457K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $219K, expenses of $269K, and assets of $708K (revenue +40.0% year-over-year).
- 2022: Revenue of $156K, expenses of $236K, and assets of $666K (revenue -39.0% year-over-year).
- 2021: Revenue of $256K, expenses of $220K, and assets of $915K (revenue +68.4% year-over-year).
- 2020: Revenue of $152K, expenses of $187K, and assets of $804K (revenue -44.2% year-over-year).
- 2019: Revenue of $273K, expenses of $227K, and assets of $768K (revenue -14.7% year-over-year).
- 2018: Revenue of $320K, expenses of $268K, and assets of $657K (revenue +25.0% year-over-year).
- 2017: Revenue of $256K, expenses of $254K, and assets of $725K (revenue +22.9% year-over-year).
- 2016: Revenue of $208K, expenses of $245K, and assets of $591K (revenue -9.1% year-over-year).
- 2015: Revenue of $229K, expenses of $251K, and assets of $582K (revenue -4.8% year-over-year).
- 2014: Revenue of $241K, expenses of $267K, and assets of $661K (revenue -11.2% year-over-year).
- 2013: Revenue of $271K, expenses of $234K, and assets of $709K (revenue +3.2% year-over-year).
- 2012: Revenue of $263K, expenses of $273K, and assets of $672K (revenue +19.0% year-over-year).
- 2011: Revenue of $221K, expenses of $270K, and assets of $457K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wood Component Manufacturers Association:
Data Sources and Methodology
This transparency report for Wood Component Manufacturers Association 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.