BINDLESTIFF STUDIO

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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

2001

Legal Domicile

Phone

4157963848

Tax Period

2024-01-01 to 2024-12-31

BINDLESTIFF STUDIO, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $348K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

BINDLESTIFF STUDIO AIMS TO CULTIVATE, INSPIRE AND MENTOR THE NEXT GENERATION OF FILIPINO AMERICAN ARTIST AND COMMUNITY LEADERS IN AN AFFORDABLE, COMMUNITY-BASED PROFESSIONAL THEATER SETTING.

Program Service Accomplishments

Program 1

Expenses: $193,324 Revenue: $88,230

SKELETON CREW - FULL LENGTH PLAY (FEBRUARY) SUPERPSYCHOCEBU - FILM SCREENING (APRIL) DARKHEART - A CONCERT NARRATIVE - FULL LENGTH PLAY (MAY) DUCK SOUP - PUPPET SHOW (JUNE) SAMPAGUITA ROCK CAMP...

SKELETON CREW - FULL LENGTH PLAY (FEBRUARY) SUPERPSYCHOCEBU - FILM SCREENING (APRIL) DARKHEART - A CONCERT NARRATIVE - FULL LENGTH PLAY (MAY) DUCK SOUP - PUPPET SHOW (JUNE) SAMPAGUITA ROCK CAMP SHOWCASE - MUSIC SHOW (AUGUST) AKLASAN LIIT - MUSIC SHOW (AUGUST) KULARTS - DANCE SHOW (AUGUST) STORIES HIGH 24 - SHORT PLAY FESTIVAL (SEPTEMBER) GET YOUR TITA - FILM SCREENING (SEPTEMBER) 2ND ANNUAL FILIPINO COMEDY FESTIVAL (OCTOBER) QUEER AS FUCK IV: ESCAPE TO QUEERTOPIA - SHORT PLAY FESTIVAL (OCTOBER) ANINOKO SHOW - MUSIC SHOW (DECEMBER) PANUNULUYAN - MUSIC SHOW (DECEMBER) TALAS & ZULI - PLAY READING (DECEMBER)

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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 $260,132

Program Service Revenue $87,571

Investment Income $38

Other Revenue $659

TOTAL REVENUE $348,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,744

Fundraising Expenses $0

Program Expenses $193,324

Other Expenses $226,458

TOTAL EXPENSES $376,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,400	$423,302	-0.2%
Expenses	$376,202	$396,856	-0.1%
Net Income	$-27,802	$26,446	-2.1%

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

$127,999

Total Directors

$1,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE KUWABARA	TREASURER	1.00	Director	$0	$0	$0
CHARLES LACSON	SECRETARY	1.00	Director	$1,300	$0	$1,300
GEMMA MONDALA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY RAMOS	VICE PRESIDENT	1.00	Director	$0	$0	$0
OLIVER SARIA	MANAGING DIRECTOR	20.00	Officer	$33,660	$0	$33,660
AUREEN ALMARIO	ARTISTIC DIRECTOR	20.00	Officer	$56,254	$0	$56,254
DAVID RAGAZA	TECHNICAL STAFF	20.00	Officer	$38,085	$0	$38,085

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
2024	$348,400	$376,202	$618,766	$-27,802
2023	$423,302	$396,856	$647,046	$26,446
2022	$323,298	$214,026	$444,410	$109,272
2021	$325,442	$314,998	$333,518	$10,444
2020	$381,684	$236,713	$330,867	$144,971
2020	$381,684	$236,713	$330,867	$144,971
2019	$336,062	$205,957	$181,303	$130,105