Southern Wholesalers Association Inc
Nonprofit profile at a glance
- EIN
- 580440200
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Brentwood, TN, USA
- Phone
- 6153715004
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $983,010
- Expenses
- $877,421
- Assets
- $1,354,171
- Liabilities
- $248,492
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
People named in this filing
- TERRY L SHAFER (EXECUTIVE VP)
- CHAT HOWARD (CHAIRMAN)
- FIELDING ALDERMAN (FIRST VP/TRE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The association was established in 1928 to promote the business interests of wholesalers primarily engaged in the distribution of plumbing, heating and cooling equipment and supplies, water systems, and pipes, valves and fittings. Additional efforts target the promotion of industrial peace by encouraging sound labor practices, advising members pertinante to their business, and aiding in the development of high operational standards in the industry in conformance with existinglaw. The association collects and compiles statistical data and distributes that data to its members to aid them in maintaining efficient and competitive operations.
What it reported doing in 2024
Southern wholesalers association, inc. Promoted industrial peace by encouraging sound labor relations. It advised its members concerning matters pertinent to their businessess. It aided in the development of high standards of operation within the industry in conformance with existing laws. It collected, compiled, and distributed statistical data in the interest of efficient and competitive operations. It exeted its best efforts toward the development of more efficient and economical distribution to the end that better products were purchased by the ultimate consumer at lower costs. It developed and promoted publicity programs that educated all concerned regarding the actual values added by distribution to an efficient and competitive economy.
Operating model
- Revenue model
- Earned-program. 75% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.3%; rating input score 70
- Program expense ratio: 79.7%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.7%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 1.54; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: 6% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 8.9% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 70.3% of revenue deployed · 79.7% of spending went to programs
- Governance: 21 of 21 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $699K in reported program spending
- Leadership: top reported pay $0 · 21 people listed
- Highest-paid contractors: 1 contractor listed · $154K reported
- Consistency: 22 of 22 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.