CFDA FOUNDATION INC (EIN 237371666) - 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

1973

Legal Domicile

Principal Officer

THOM BROWNE

Phone

2123021821

Tax Period

2024-01-01 to 2024-12-31

CFDA FOUNDATION INC, founded in 1973, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.6M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 25% operating margin.

Mission

TO PROMOTE AND ENCOURAGE FASHION DESIGN TALENT AND ABILITY THROUGH EXHIBITIONS, AWARDS, GRANTS, SCHOLARSHIPS, OR OTHERWISE FOR NEEDY STUDENTS AND NEEDY FASHION DESIGNERS.

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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 $5,894,879

Program Service Revenue $65,574

Investment Income $2,169,348

Other Revenue $516,851

TOTAL REVENUE $8,646,652

Expense Breakdown

Grants Paid $2,345,328

Salaries & Benefits $2,232,193

Fundraising Expenses $596,660

Program Expenses $5,479,473

Other Expenses $1,876,201

TOTAL EXPENSES $6,453,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,646,652	$6,530,714	+0.3%
Expenses	$6,453,722	$5,492,152	+0.2%
Net Income	$2,192,930	$1,038,562	+1.1%

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

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	26.00	Officer	$280,701	$27,727	$459,824
LISA ANNE SMILOR	EXECUTIVE VICE PRESIDENT	26.00	Officer	$182,535	$25,844	$306,829
CASANDRA DIGGS TERM 124	PRESIDENT	26.00	Officer	$15,367	$1,910	$25,565
SARA KOZLOWSKI	VP OF PROGRAM STRATEGIES	26.00	Highest	$122,972	$22,909	$212,206
ASHLEY M SANDALL	DIRECTOR BUSINESS DEVELOPMENT	26.00	Highest	$122,007	$23,212	$211,024
MARC KARIMZADEH	EDITORIAL & COMMUNICATIONS DIRECTOR	26.00	Highest	$118,268	$22,635	$204,691
SACHA ELYSE BROWN	DIRECTOR OF PROFESSIONAL DEVELOPMENT	26.00	Highest	$95,547	$21,006	$168,086
JOHN DOYLE MONKHOUSE	FINANCE MANAGER	26.00	Highest	$92,589	$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	$8,646,652	$6,453,722	$37,861,415	$2,192,930
2023	$6,530,714	$5,492,152	$35,159,608	$1,038,562
2022	$6,833,295	$5,371,451	$32,613,470	$1,461,844
2021	$3,600,839	$4,792,468	$36,230,784	$-1,191,629
2020	$8,249,251	$9,262,600	$36,981,695	$-1,013,349
2019	$8,549,989	$8,082,311	$36,792,596	$467,678
2018	$7,512,251	$8,046,645	$34,910,365	$-534,394

CFDA FOUNDATION INC