American Apparel & Footwear Association
Nonprofit profile at a glance
- EIN
- 530258503
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2028539080
- Rating confidence
- Limited
Reported finances
- Revenue
- $8,055,435
- Expenses
- $6,850,754
- Assets
- $16,919,885
- Liabilities
- $7,444,342
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
61 people listed
Executive titles in this filing
- STEPHEN EDWARD LAMAR (CEO & PRESIDENT)
Highest reported compensation
- STEPHEN EDWARD LAMAR (CEO & PRESIDENT): $612,542 total reported compensation
- MAUREEN STORCH (SVP, MEMBERSHIP): $445,529 total reported compensation
- NATHANAEL HERMAN (SVP, POLICY): $272,532 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The american apparel & footwear association (aafa) is the national trade association representing apparel, footwear and other sewn products companies, and their suppliers, which compete in the global market. Representing more than 1,100 world famous name brands, aafa is the trusted public policy and political voice of the apparel and footwear industry, its management and shareholders, its more than 3.6 million u.s. Workers, and its contribution of more than $523 billion in annual u.s. Retail sales. Aafa drives progress on three key priorities: brand protection; supply chain & sourcing; and trade, logistics, & manufacturing. Aafa approaches this work through the lens of purpose-driven leadership in a manner that supports each member's ability to build and sustain inclusive and diverse cultures, meet and advance esg goals, and draw upon the latest technology.
What it reported doing in 2024
The association holds conferences and seminars relating to the apparel and footwear industry, issues newsletters to inform its members on changes in the industry and presents the viewpoints of its members to legislative and regulatory bodies.with over 350 members, the association accounts for more than 1,000 name brands.
Operating model
- Revenue model
- Earned-program. 88% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 84
- Accountability: 91
- Sustainability: 56
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 1st percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 88.7%; rating input score 89; 25th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 15%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 2.47; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 41.4%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.8% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: 7.4% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 43 of 43 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $613K · 61 people listed · 5 of 6 pay-setting controls reported
- Consistency: 13 of 15 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.