MIDATLANTIC FIBER ASSOCIATION

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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

1981

Legal Domicile

Principal Officer

JOANNA BRANDT

Phone

4435062000

Tax Period

2022-10-01 to 2023-09-30

MIDATLANTIC FIBER ASSOCIATION, founded in 1981, is a small nonprofit that reported $328K in total revenue in fiscal year 2022. Expenses of $314K left a modest 4% surplus.

Mission

TO ACT AS A CENTRAL ORGANIZATION FOR ALL FIBER INTEREST GROUPS IN THE MID- ATLANTIC UNITED STATES WHICH CHOOSE TO BECOME MEMBER GROUPS OF THE ASSOCIATION. TO ENCOURAGE COOPERATION AMONG THE FIBER GROUPS IN THE MID-ATLANTIC REGION OF THE UNITED STATES. TO PLAN, ORGANIZE, AND CONDUCT CONFERENCES AND OTHER EVENTS FOR EDUCATION AND COMMUNICATION IN THE FIBER ARTS FIELD.

Program Service Accomplishments

Program 1

Expenses: $301,649 Revenue: $322,777

CONFERENCES - A CENTRAL FOCUS FOR MIDATLANTIC FIBER ASSOCIATION (MAFA) IS ITS BIENNIAL CONFERENCE, WHICH OFFERS IN DEPTH STUDY WORKSHOPS WITH LEADING FIBER ARTISTS. INDIVIDUAL MEMBERS OF...

CONFERENCES - A CENTRAL FOCUS FOR MIDATLANTIC FIBER ASSOCIATION (MAFA) IS ITS BIENNIAL CONFERENCE, WHICH OFFERS IN DEPTH STUDY WORKSHOPS WITH LEADING FIBER ARTISTS. INDIVIDUAL MEMBERS OF PARTICIPATING GUILDS ENJOY PRIORITY REGISTRATION TIME AND REDUCED REGISTRATION FEES TO THE EVENT. MAFA HAS ALSO STARTED OFFERING VIRTUAL EDUCATIONAL OPPORTUNITIES, ALLOWING MORE INDIVIDUALS THE OPPORTUNITY TO PARTICIPATE.

Program 2

Expenses: $7,317

GRANT PROGRAMS: MAFA OFFERS GRANT, FELLOWSHIP AND SCHOLARSHIP PROGRAMS TO SUPPORT PARTICIPATING GUILDS IN THEIR EDUCATIONAL OUTREACH PROGRAMS; GUILD MEMBERS COMMITTED TO SHARING LEARNING EXPERIENCES...

Program 3

PUBLICITY FOR GUILD PROGRAMS AND WORKSHOPS: MAFA OFFERS A PLACE TO PUBLICIZE GUILD PROGRAMS, WORKSHOPS AND EVENTS WITH OTHER GUILDS. HOST GUILD WEBSITES: MAFA CAN CREATE AND HOST MEMBER GUILDS'...

PUBLICITY FOR GUILD PROGRAMS AND WORKSHOPS: MAFA OFFERS A PLACE TO PUBLICIZE GUILD PROGRAMS, WORKSHOPS AND EVENTS WITH OTHER GUILDS. HOST GUILD WEBSITES: MAFA CAN CREATE AND HOST MEMBER GUILDS' WEBSITES ON ITS SERVER AT NOT COST. ASSOCIATE MEMBERSHIPS: ALTHOUGH MAFA IS PRIMARILY FOCUSED ON ITS MEMBER GUILDS, ASSOCIATE MEMBERSHIPS ARE OPEN TO COMMERICAL ENTERPRISES, INSTITUTIONS, ORGANIZATIONS, SCHOOLS AND TO INDIVIDUALS NOT IN AFFILIATED GUILDS. SOCIAL MEDIA: MAFA SUPPORTS VIBRANT SOCIAL MEDIA COMMUNITIES ON FACEBOOK, PINTEREST, RAVELRY, WEAVOLUTION AND TWITTER. RESOURCES: MAFA PROVIDES A RESOURCE SITE FOR THE COMMUNITY TO INTERACT IN LEARNING THROUGH PROJECT IDEAS, ONLINE POSTS FOR SALE ITEMS AND LINKS TO OTHER ONLINE RESOURCES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,712

Program Service Revenue $322,777

Investment Income $149

Other Revenue $0

TOTAL REVENUE $327,638

Expense Breakdown

Grants Paid $7,317

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $308,966

Other Expenses $307,009

TOTAL EXPENSES $314,326

Year-over-Year Comparison

	2022	2021	Change
Revenue	$327,638	N/A	N/A
Expenses	$314,326	N/A	N/A
Net Income	$13,312	N/A	N/A

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

100

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET BRIGGS	PRESIDENT	4.00	Officer Director	$0	$0	$0
MARGARET BRIGGSNANCY EVERHAM	1ST VP COMMU	4.00	Officer Director	$0	$0	$0
MARGARET BRIGGS	2ND VP CONF.	15.00	Officer Director	$0	$0	$0
MARLA CAMPBELL	TREASURER	5.00	Officer Director	$0	$0	$0
PATTY CHRISMAN	SECRETARY	6.00	Officer Director	$0	$0	$0
ANGELA FISHMAN	GRANTS CHAIR	4.00	Director	$0	$0	$0
SARA ROBBINS	MEMBERSHIP C	4.00	Director	$0	$0	$0
DAVE BANKS	WEBMASTER	2.00	Director	$0	$0	$0
HELENA VALENTINE NON-VOTING	PAST PRESIDE	2.00	Director	$0	$0	$0
JOANNA BRANDT	TREASURER ON	5.00	Officer Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$327,638	$314,326	$251,875	$13,312
2019	$262,838	$215,720	$199,295	$47,118