Makeshift

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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

2008

Legal Domicile

Principal Officer

Erik Takuichi Wallace

Phone

3602205540

Tax Period

2024-01-01 to 2024-12-31

Makeshift, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $286K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 19% operating margin.

Mission

Support Emerging Artists and Musicians

Program Service Accomplishments

Program 1

Expenses: $91,677 Revenue: $34,764

Art Gallery for Local Artist Shows for the Community.

Program 2

Expenses: $50,932 Revenue: $6,730

Community Radio to Showcase Local Arts, Culture, Dialog, Activism, and Underrepresented Perspectives.

Program 3

Expenses: $44,396 Revenue: $85,337

Provide 18 Low Cost Art and Music Studios.

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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 $161,843

Program Service Revenue $116,681

Investment Income $14

Other Revenue $7,625

TOTAL REVENUE $286,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,268

Fundraising Expenses $15,650

Program Expenses $215,959

Other Expenses $109,693

TOTAL EXPENSES $232,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,163	$177,488	+0.6%
Expenses	$232,961	$199,229	+0.2%
Net Income	$53,202	$-21,741	-3.4%

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

Total Directors

Key Employees

$20,825

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessyca Murphy	Executive Director	0.00	Key Emp	$20,825	$0	$20,825
Sam Warford	Treasurer	2.00	Officer	$0	$0	$0
Sarah Stifler	Board Member	2.00	Officer	$0	$0	$0
Riley Currie	Secretary	2.00	Officer	$0	$0	$0
Erik Takuichi Wallace	Chairman	2.00	Officer	$0	$0	$0
Sarah Kindl	Board Member	2.00	Officer	$0	$0	$0
Mike Nardone	Board Member	2.00	Officer	$0	$0	$0
Rosie Lockie	Board Member	2.00	Officer	$0	$0	$0
Janelle Nardone	Board Member	2.00	Officer	$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	$286,163	$232,961	$67,561	$53,202