CraftStudies Inc (EIN 020238690) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

Lisa Brahms

Phone

8022816273

Tax Period

2024-04-01 to 2025-03-31

CraftStudies Inc, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $360K in total revenue in fiscal year 2024. Net assets of $1.0M represent 35 months of operating reserves.

Mission

Education in Arts & Crafts

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $81,845

Program Service Revenue $282,215

Investment Income $-26,812

Other Revenue $22,665

TOTAL REVENUE $359,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,258

Fundraising Expenses $1,238

Program Expenses $320,755

Other Expenses $164,603

TOTAL EXPENSES $353,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$359,913	$342,404	+0.1%
Expenses	$353,861	$307,816	+0.1%
Net Income	$6,052	$34,588	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$81,200

Total Directors

$81,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christina Wendon	President	4.00	Officer Director	$0	$0	$0
Sharon Gouveia Comeau	Vice President	2.00	Officer Director	$0	$0	$0
David Allen	Treasurer	2.00	Officer Director	$0	$0	$0
Patricia Palao	Secretary	2.00	Officer Director	$0	$0	$0
Mark Hardie	Director	2.00	Officer Director	$0	$0	$0
Patricia Glowa	Director	2.00	Officer Director	$0	$0	$0
Sarah Glass	Director	2.00	Officer Director	$0	$0	$0
Amy Somerstein	Director	2.00	Officer Director	$0	$0	$0
Lisa Brahms	Executive Director	40.00	Officer Director	$81,200	$0	$81,200

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$359,913	$353,861	$1,049,933	$6,052
2024	$342,404	$307,816	$1,057,841	$34,588
2023	$220,585	$225,905	$1,012,755	$-5,320
2022	$993,102	$219,848	$1,012,100	$773,254
2021	$127,481	$104,637	$317,920	$22,844
2020	$239,349	$228,119	$312,782	$11,230
2019	$236,355	$215,844	$321,168	$20,511

CraftStudies Inc