COUNCIL OF FASHION DESIGNERS OF AMERICA INC (EIN 136214741) - 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

1962

Legal Domicile

Principal Officer

THOM BROWNE

Phone

2127685700

Tax Period

2024-01-01 to 2024-12-31

COUNCIL OF FASHION DESIGNERS OF AMERICA INC, founded in 1962, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $2.3M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO FURTHER THE POSITION OF FASHION DESIGN IN AMERICA AS A RECOGNIZED BRANCH OF AMERICAN ART & CULTURE, TO ADVANCE ARTISTIC, ETHICAL AND PROFESSIONAL STANDARDS, AND TO PROMOTE AND IMPROVE PUBLIC UNDERSTANDING AND APPRECIATION OF THE FASHION ARTS THROUGH GROUP LEADERSHIP IN QUALITY AND TASTE.

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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 $720,000

Program Service Revenue $735,215

Investment Income $389,497

Other Revenue $773

TOTAL REVENUE $1,845,485

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,203,959

Fundraising Expenses $0

Other Expenses $1,073,481

TOTAL EXPENSES $2,277,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,845,485	$1,050,282	+0.8%
Expenses	$2,277,440	$2,249,812	+0.0%
Net Income	$-431,955	$-1,199,530	-0.6%

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

N/A

Volunteers

N/A

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

$792,218

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH LAUREN	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL KORS	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANE VON FURSTENBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
NORMA KAMALI	BOARD MEMBER	2.00	Director	$0	$0	$0
TOMMY HILFIGER	BOARD MEMBER	2.00	Director	$0	$0	$0
BETHANN HARDISON	BOARD MEMBER	2.00	Director	$0	$0	$0
DAO-YI CHOW	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLY CUSHNIE	BOARD MEMBER	2.00	Director	$0	$0	$0
TRACY REESE	BOARD MEMBER	2.00	Director	$0	$0	$0
STAN HERMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
VERA WANG	BOARD MEMBER	2.00	Director	$0	$0	$0
TORY BURCH	BOARD MEMBER	2.00	Director	$0	$0	$0
THOM BROWNE	BOARD CHAIRMAN	5.00	Officer Director	$0	$0	$0
PRABAL GURUNG	VICE CHAIR	5.00	Officer Director	$0	$0	$0
AURORA JAMES	VICE CHAIR	5.00	Officer Director	$0	$0	$0
STACEY BENDET EISNER	TREASURER	5.00	Officer Director	$0	$0	$0
MARIA CORNEJO	GENERAL SECRETARY	5.00	Officer Director	$0	$0	$0
STEVEN KOLB	CEO	14.00	Officer	$151,396	$27,727	$459,824
LISA ANNE SMILOR	EXECUTIVE VICE PRESIDENT	14.00	Officer	$98,450	$25,844	$306,829
CASANDRA DIGGS TERM 124	PRESIDENT	14.00	Officer	$8,288	$1,910	$25,565
SARA KOZOLWSKI	VP OF PROGRAM STATEGIES	14.00	Highest	$66,325	$22,909	$212,206
ASHLEY M SANDALL	DIRECTOR BUSINESS DEVELOPMENT	14.00	Highest	$65,805	$23,212	$211,024
MARC KARIMZADEH	EDITORIAL & COMMUNICATION DIRECTOR	14.00	Highest	$63,788	$22,635	$204,691
SACHA ELYSE BROWN	DIRECTOR OF PROFESSIONAL DEVELOPMENT	14.00	Highest	$51,533	$21,006	$168,086
JOHN DOYLE MONKHOUSE	FINANCE MANAGER	14.00	Highest	$49,938	$21,154	$163,681

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	$1,845,485	$2,277,440	$1,864,226	$-431,955
2023	$1,050,282	$2,249,812	$2,041,957	$-1,199,530
2022	$1,389,507	$2,360,088	$1,911,408	$-970,581
2021	$1,387,627	$2,122,257	$2,257,165	$-734,630
2020	$1,829,161	$2,358,681	$2,381,351	$-529,520
2019	$1,813,143	$3,505,494	$2,046,261	$-1,692,351
2018	$4,066,883	$4,727,513	$2,158,916	$-660,630

COUNCIL OF FASHION DESIGNERS OF AMERICA INC