Private Label Manufacturers Association
Nonprofit profile at a glance
- EIN
- 133010662
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2129723131
- Rating
- 38
- Verdict
- REVIEW
- Rating confidence
- Moderate
Reported finances
- Revenue
- $23,120,709
- Expenses
- $14,500,103
- Assets
- $44,312,428
- Liabilities
- $19,516,523
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- MARGARET DAVIES (President)
Highest reported compensation
- MARGARET DAVIES (President): $846,984 total reported compensation
- ANTHONY ALOIA (VP-CORPORATE): $692,215 total reported compensation
- SHEILA KINIRY (VP-FINANCE): $406,632 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To associate manufacturers, individuals and companies engaged in the production and distribution of products for private label for the purpose of education and advancement of the industry, including, among other activities, educating manufacturers, retailers, wholesalers and consumers regarding the quality and value of private label in the economy, providing a trade forum for the exchange of information and ideas regarding the manufacture and distribution of private label products; encouraging efficient business operations and conducting technical research; sponsoring conferences, seminars, publications, studies and executive education programs of interest to the members of the indsutry; serving as the representation and voice of the industry with retailers, suppliers, consumers, government, media and the public; monitoring governmental policies and assisting government agencies in understanding the role of private label in the marketplace.
What it reported doing in 2024
Exhibitions - Providing a trade forum for the exchange of information and ideas regarding the manufacturing and distribution of private label products.
Operating model
- Revenue model
- Other-operating. 94% of the money available for current operations came from other operating 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
REVIEW - Most voting board members are independent and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 43
- Accountability: 95
- Sustainability: 69
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 37.3%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 3.06; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 29.3%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -10.6% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 7.1% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 2.8% per year; rating input score 100; 21st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 18 of 18 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $12.8M in reported program spending
- Leadership: top reported pay $847K · 33 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.1M reported
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes foreign activity and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 15 filed money-flow records
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.