TEXTILE CARE ALLIED TRADES ASSOCIATION (EIN 221640156) - 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

1920

Legal Domicile

Principal Officer

LESLIE SCHAEFFER

Phone

8133480075

Tax Period

2023-01-01 to 2023-12-31

TEXTILE CARE ALLIED TRADES ASSOCIATION, founded in 1920, is a small nonprofit that reported $482K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 31% operating margin.

Mission

THE ORGANIZATION HELPS TO FURTHER THE INTEREST OF ITS MEMBERS BY PROVIDING INFORMATION REGARDING INCREASED PROFESSIONALISM THROUGH BUSINESS OPERATIONS AND SALES IMPROVEMENTS EDUCATION AND TO PROVIDE FORUMS TO ACCOMPLISH THIS MISSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $79,076

Program Service Revenue $75,017

Investment Income $328,238

Other Revenue $0

TOTAL REVENUE $482,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,391

Fundraising Expenses $0

Other Expenses $184,575

TOTAL EXPENSES $333,966

Year-over-Year Comparison

	2023	2022	Change
Revenue	$482,331	$287,385	+0.7%
Expenses	$333,966	$345,724	0.0%
Net Income	$148,365	$-58,339	-3.5%

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

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

Total Directors

$78,733

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE SCHAEFFER	CEO	40.00	Director	$78,733	$0	$78,733

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	No data	No data	No data	No data
2023	$482,331	$333,966	$3,972,980	$148,365
2022	$287,385	$345,724	$3,458,263	$-58,339
2021	$420,668	$223,719	$4,344,590	$196,949
2020	$564,647	$238,004	$3,884,902	$326,643
2019	$2,127,945	$461,650	$3,137,887	$1,666,295
2018	$249,050	$443,511	$1,329,738	$-194,461

TEXTILE CARE ALLIED TRADES ASSOCIATION