FACTORY TWO INC

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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

2007

Legal Domicile

Principal Officer

Michael Wright

Phone

8102522313

Tax Period

2024-01-01 to 2024-12-31

FACTORY TWO INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $463K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

Factory Two provides makerspace facilities and youth programming which allows youth to create, explore, and perform

Program Service Accomplishments

Program 1

Expenses: $167,923 Revenue: $0

The Community Makerspace provides access to tools, equipment, and training in a wide variety of areas, sewing, screen printing, laser cutting, wood and metal shops, and blacksmithing are just a few...

Program 2

Expenses: $87,301 Revenue: $0

The Local 432 is a youth focused performing arts space for concerts, plays, films, and fashion shows

Program 3

Expenses: $45,838 Revenue: $0

DISCOTech provides IT services to local non profits

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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 $403,284

Program Service Revenue $53,196

Investment Income $6,835

Other Revenue $0

TOTAL REVENUE $463,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,120

Fundraising Expenses $0

Program Expenses $301,062

Other Expenses $206,668

TOTAL EXPENSES $457,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$463,315	$565,753	-0.2%
Expenses	$457,788	$423,137	+0.1%
Net Income	$5,527	$142,616	-1.0%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cassie Kent	Board Chair	4	Director	$0	$0	$0
Craig Kelly Jr	Vice Chair	4	Director	$0	$0	$0
Michael Wright	Treasurer	4	Director	$0	$0	$0
Vivian Williams	Secretary	4	Director	$0	$0	$0
Dan Neu	Director	4	Director	$0	$0	$0
Erin Neely Archuleta	Director	4	Director	$0	$0	$0
Jaquita Kelley	Director	4	Director	$0	$0	$0
Ana Vargas	Director	4	Director	$0	$0	$0
Whitney Lakes	Director	4	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
2024	$463,315	$457,788	$367,829	$5,527
2023	$565,753	$423,137	$438,927	$142,616
2022	$400,118	$480,944	$391,656	$-80,826
2021	$297,365	$346,123	$461,832	$-48,758
2020	$663,477	$277,647	$489,393	$385,830
2019	$304,498	$371,554	$178,227	$-67,056