Textile Research Institute

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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

1951

Legal Domicile

Principal Officer

DAVID GRAHAM

Phone

6094304800

Tax Period

2024-01-01 to 2024-12-31

Textile Research Institute, founded in 1951, is a community nonprofit in the Science & Technology sector that reported $7.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 19% operating margin.

Mission

TO PROMOTE THE ADVANCEMENT OF SCIENTIFIC KNOWLEDGE IN THE FIBROUS AND POLYMETRIC MATERIALS, HUMAN HAIR, TEXTILES, AND FILM (SEE SCHEDULE O FOR MORE INFORMATION).

Program Service Accomplishments

Program 1

Expenses: $3,790,024 Revenue: $6,934,670

RESEARCH PROJECTS - THE CORE OF TRI IS OUR RESEARCH AND HOW WE LEVERAGE THIS TO HONE OUR SKILLS THROUGH WHICH WE SUPPORT OUR MANY CLIENTS WITH OUR TECHNICAL SERVICES BY SPECIALIZING IN A COMBINATION OF FUNDAMENTAL AND APPLIED SCIENCE, WE ARE RECOGNIZED LEADERS IN THE PERSONAL CARE INDUSTRY AND HAVE PIONEERED NEW METHODS AND TECHNIQUES TO DRIVE INNOVATION IN THE FIELD, SET NEW STANDARDS BY WHICH THE INDUSTRY CAN FOLLOW, AND RAISE THE SCIENTIFIC BAR IN OUR INDUSTRY TO HELP MAINTAIN INDUSTRY REGULATIONS AND FORMATS FOR PRODUCT DEVELOPMENT AND LAUNCHES.

Program 2

Expenses: $1,161,565 Revenue: $134,630

PROFESSIONAL EDUCATION - FROM COLLEGE INTERNS TO POST-DOCTORAL FELLOWS TO INDUSTRY PROFESSIONALS, TRI IS COMMITTED TO EDUCATING TODAYS AND THE NEXT GENERATION OF SCIENTISTS THROUGH OUR PROFESSIONAL EDUCATION PROGRAM, ALONG WITH OUR VARIOUS STUDENT EMPLOYMENT OPPORTUNITIES, WE PROVIDE THE INDUSTRY AND THE SCIENTIFIC COMMUNITY WITH A SOLID FOUNDATION OF EDUCATED, MOTIVATED PROFESSIONALS. BY CONTRAST, OUR SCIENTIFIC CONFERENCES ARE RENOWN FOR THEIR TECHNICAL STANDING AND FOR BRINGING TOGETHER TODAYS SCIENTISTS WITH TOMORROWS INNOVATORS TO BRIDGE THE GAP OF LEARNING AND CREATIVITY. In addition, TRI performs educational research and publishes those results.

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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 $0

Program Service Revenue $7,069,300

Investment Income $118,244

Other Revenue $4,233

TOTAL REVENUE $7,191,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,333,623

Fundraising Expenses $0

Program Expenses $4,951,589

Other Expenses $2,489,499

TOTAL EXPENSES $5,823,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,191,777	$6,154,539	+0.2%
Expenses	$5,823,122	$7,576,226	-0.2%
Net Income	$1,368,655	$-1,421,687	-2.0%

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

$487,385

Total Directors