Civic Intelligence

Woodworking Machinery Importers

EIN 52-1328482 • 501(c)6 • Forest Hill, MD

Profile

To establish a platform for its members to network and present the best global technology, services, and information to the north american marketplace.

2331 Rock Spring RoadForest Hill, MD 21050

www.wmia.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

30th percentile

0.12x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.26x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

57th percentile

6.5%

Higher net margin than 57% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$372,273

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Asset Growth

99th percentile

123%

Faster asset growth than 99% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

100th percentile

2126%

Faster revenue growth than 100% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$16,814,014

Up $9,275,529 (+123%) from 2023

Liabilities

Up

$2,037,146

Up $2,033,510 (+55927%) from 2023

Net Assets

Up

$14,776,868

Up $7,242,019 (+96%) from 2023

Operations
Liabilities / Revenue37th percentileNet Margin57th percentile

Revenue

Up

$7,714,974

Up $7,368,387 (+2126%) from 2023

Expenses

Up

$7,213,286

Up $5,824,558 (+419%) from 2023

Net Income

Up

$501,688

Up $1,543,829 (+148%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $4,013,977Liabilities 2011: $1,943Net Assets 2011: $4,012,0342011Assets 2012: $4,694,780Liabilities 2012: $425,384Net Assets 2012: $4,269,3962012Assets 2013: $5,055,406Liabilities 2013: $907,989Net Assets 2013: $4,147,4172013Assets 2014: $5,084,315Liabilities 2014: $220,205Net Assets 2014: $4,864,1102014Assets 2015: $5,076,625Liabilities 2015: $864,452Net Assets 2015: $4,212,1732015Assets 2021: $5,028,523Liabilities 2021: $85,616Net Assets 2021: $4,942,9072021Assets 2022: $4,839,501Liabilities 2022: $40,578Net Assets 2022: $4,798,9232022Assets 2023: $7,538,485Liabilities 2023: $3,636Net Assets 2023: $7,534,8492023Assets 2024: $16,814,014Liabilities 2024: $2,037,146Net Assets 2024: $14,776,8682024

Highlighted filing

2024

Assets$16,814,014
Liabilities$2,037,146
Net Assets$14,776,868
Open 2024 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $307,816Expenses 2011: $626,799Net Income 2011: -$318,9832011Expenses 2012: $716,9402012Revenue 2013: $449,401Expenses 2013: $662,657Net Income 2013: -$213,2562013Revenue 2014: $1,460,231Expenses 2014: $702,257Net Income 2014: $757,9742014Revenue 2015: $355,532Expenses 2015: $768,676Net Income 2015: -$413,1442015Revenue 2021: $463,024Expenses 2021: $509,028Net Income 2021: -$46,0042021Revenue 2022: $1,357,308Expenses 2022: $799,670Net Income 2022: $557,6382022Revenue 2023: $346,587Expenses 2023: $1,388,728Net Income 2023: -$1,042,1412023Revenue 2024: $7,714,974Expenses 2024: $7,213,286Net Income 2024: $501,6882024

Highlighted filing

2024

Revenue$7,714,974
Expenses$7,213,286
Net Income$501,688
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$16,814,014
Liabilities
$2,037,146
Net assets
$14,776,868
Revenue
$7,714,974
Expenses
$7,213,286
Net income
$501,688
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$2.04$14.8$7.71$7.21$0.50
2023Detailed filing. Detailed filing data is available for this year.$7.54$0.00$7.53$0.35$1.39$1.04
2022Summary only. Only limited summary data is available for this year.$4.84$0.04$4.80$1.36$0.80$0.56
2021Summary only. Only limited summary data is available for this year.$5.03$0.09$4.94$0.46$0.51$0.05
2015Summary only. Only limited summary data is available for this year.$5.08$0.86$4.21$0.36$0.77$0.41
2014Summary only. Only limited summary data is available for this year.$5.08$0.22$4.86$1.46$0.70$0.76
2013Summary only. Only limited summary data is available for this year.$5.06$0.91$4.15$0.45$0.66$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.69$0.43$4.27$0.72
2011Summary only. Only limited summary data is available for this year.$4.01$0.00$4.01$0.31$0.63$0.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$7,807,390
Mission and Program Overview

Mission

To establish a platform for its members to network and present the best global technology, services, and information to the north american marketplace.

To provide one unified voice for the wood machinery industry in north america.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,954,676$12,350,720▲ $7,396,044
Savings and Temporary Cash Investments-$2,559,999-
Investments Other Securities$2,438,103--
Cash and Non-Interest-Bearing Accounts$81,123$790,626▲ $709,503
Prepaid Expenses and Deferred Charges$64,583$246,952▲ $182,369
Accounts Receivable-$145,717-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$7,538,485$16,814,014▲ $9,275,529
Other Assets Total$0$720,000▲ $720,000
Liabilities
Deferred Revenue$1,550$1,546,329▲ $1,544,779
Accounts Payable and Accrued Expenses$2,086$490,817▲ $488,731
Total Liabilities$3,636$2,037,146▲ $2,033,510
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,534,849$14,776,868▲ $7,242,019
Total Net Assets Fund Balance$7,534,849$14,776,868▲ $7,242,019
Total Liabilities and Net Assets / Fund Balance$7,538,485$16,814,014▲ $9,275,529

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$74,619$74,619
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin HoltzclawPresident & CEO - IwfFT$341,457$30,816$372,273
Michael TurnbullVP of Marketing - IwfFT$185,900$62,235$248,135
Elizabeth Callison HospVP of Operations - IwfFT$150,260$48,217$198,477
Joseph P RobertsDirector of Sales - IwfFT$123,114$67,546$190,660
Brian ChattinVP of Business Dev - IwfFT$143,000$20,739$163,739

Board Members and Trustees

NameTitle
Allen EdenChair
Joe HammockChair-elect
Alyson Onsrud-stricklandDirector
Brett ReidDirector
Brian DonahueDirector
Friederich BraetzkusDirector
Jason DingessDirector
Pascal DoucetDirector
Rob WilliamsonDirector
Todd PhalenDirector
Fred StringfellowCEO
Gordon BurdisSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Stringfellow Management GroupManagement Services2331 ROCK SPRING ROAD, Forest Hill, MD 21050$460,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,078,894
Investment Income
$631,916
Other Revenue
$4,164
Change in Net Assets
$501,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,389,843
Salaries, Compensation, and Employee Benefits$1,797,443
Grants and Similar Amounts Paid$26,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$1,426,856
Conferences and Meetings---$800,694
Other Salaries and Wages---$787,149
Current Officers, Directors, Trustees, and Key Employees---$697,273
Fees for Services Other---$596,609
Fees for Services Management---$460,000
Advertising---$296,018
Travel---$273,618
Depreciation Depletion---$180,000
Other Employee Benefits---$167,129
Fees for Services Legal---$147,487
All Other Expenses---$131,660
Payroll Taxes---$90,099
Office Expenses---$90,095
Fees for Services Accounting---$85,950
Information Technology---$82,288
Fees for Service Investment Mgmnt Fees---$61,489
Pension Plan Contributions---$55,793
Other Expenses---$51,709
Insurance---$51,093
Grants to Domestic Individuals---$26,000
Total Functional Expenses$0$0$0$7,213,286
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Wia is managed by association management partners & executive directors. Employees of the management company and are provided to wia on an as-needed basis. Stringfellow management group and wia have a letter of agreement that defines the responsibilities of the management firm. A management fee is negotiated that covers the costs.”

Form 990, Part VI, Section A, Line 6

“Wia's bylaws provide for two classes of membership: (1) active and (2) associated. Members in good standing shall have all of the privileges of membership and they have the right to appoint officers and directors for the association.”

Form 990, Part VI, Section A, Line 7A

“Board members are appointed via submission of a nominating petition, signed by at least 20 active members. The petition must be received not less than 60 days before the election. The election takes place during the annual meeting, and the candidate with the majority of the votes is elected.”

Form 990, Part VI, Section B, Line 11B

“A draft of form 990 was provided to all board members for review before filing the return.”

Form 990, Part VI, Section B, Line 12C

“Each officer or director must sign a statement that they have no conflicts of interest annually. If the governing board has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it informs the individual and affords them the opportunity to explain. After hearing the individual's response and making further investigation, the governing board will determine if a conflict exists and if so, will take appropriate disciplinary and corrective action.”

Form 990, Part VI, Section C, Line 19

“Available upon request made to association headquarters.”

Filing and Contact Details

Filer

Filer Name
Wood Industry Association
EIN
52-1328482
Phone
4436401052
Address
2331 ROCK SPRING ROAD, FOREST HILL, MD 21050

Signing Officer

Name
Fred Stringfellow Cae
Title
Chief Executive Officer
Phone
4436401052
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fred Stringfellow Cae
Formed
1978
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
0

Preparer

Firm
Kahn Berman Solomon Taibel & Mogol Pa
Address
307 INTERNATIONAL CIRCLE SUITE 620, HUNT VALLEY, MD 21030
Preparer
Erma Grimmel
Phone
4103080300
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer of assets and liabilities in merger with wmma 6,518,228.”

Raw XML AppendixShowing 400 of 531 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT & CEO - IWF
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP OF MARKETING - IWF
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP OF OPERATIONS - IWF
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF SALES - IWF
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF BUSINESS DEV - IWF
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IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0180169
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt026000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0272585
IRS990/GrossReceiptsAmt07807390
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt082288
IRS990/InsuranceGrp/TotalAmt051093
IRS990/InvestmentIncomeGrp/ExclusionAmt0451747
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0451747
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02438103
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04954676
IRS990/InvestmentsPubTradedSecGrp/EOYAmt012350720
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO EQUIP AND CONNECT PROFESSIONALS IN THE WOOD MACHINERY AND SUPPLIES INDUSTRY BY DELIVERING VALUABLE RESOURCES, TRUSTED INSIGHTS, STRATEGIC CONNECTIONS, EDUCATIONAL SUPPORT, AND STRONG ADVOCACY THAT COLLECTIVELY SHAPE THE FUTURE OF NORTH AMERICA'S WOODWORKING SECTOR.
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IRS990/NetAssetsOrFundBalancesEOYAmt014776868
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0180169
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0180169
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0233126
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07534849
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014776868
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01426856
IRS990/OfficeExpensesGrp/TotalAmt090095
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0720000
IRS990/OtherChangesInNetAssetsAmt06518228
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0167129
IRS990/OtherExpensesGrp/Desc0EVENTS
IRS990/OtherExpensesGrp/Desc1RESEARCH
IRS990/OtherExpensesGrp/Desc2BANK AND CREDIT CARD FE
IRS990/OtherExpensesGrp/Desc3AWARDS
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IRS990/OtherExpensesGrp/TotalAmt169146
IRS990/OtherExpensesGrp/TotalAmt267059
IRS990/OtherExpensesGrp/TotalAmt351709
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IRS990/PensionPlanContributionsGrp/TotalAmt055793
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0246952
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IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP DUES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1168073
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2156400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06754421
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1168073
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2156400
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS FOR WOODWORKING MANUFACTURING STUDENTS WHO WANT TO STUDY WOOD TECHNOLOGY, MACHINERY, AND RELATED FIELDS.
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IRS990/PYOtherRevenueAmt03274
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IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01388728
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0346587
IRS990/ReconcilationRevenueExpnssAmt0501688
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02559999
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt074619
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt018
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0WIA ADMINISTERS THE SCHOLARSHIPS AND ENSURES THAT THEY ARE USED FOR ITS INTENDED PURPOSE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I: LINE 2:
IRS990ScheduleJ/EquityBasedCompArrngmInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1185900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2150260
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3123114
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt030816
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt210518
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt38618
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt410010
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20

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