YARNWIRE INC (EIN 263041529) - 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

2008

Legal Domicile

Principal Officer

RUSSELL GREENBERG

Phone

7185012654

Tax Period

2023-08-01 to 2024-07-31

YARNWIRE INC, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $371K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $419K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO EDUCATE THE GENERAL PUBLIC IN MUSIC AND OTHER ART FORMS.

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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 $232,302

Program Service Revenue $137,891

Investment Income $1,061

Other Revenue $0

TOTAL REVENUE $371,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,863

Fundraising Expenses $0

Program Expenses $307,416

Other Expenses $149,098

TOTAL EXPENSES $418,961

Year-over-Year Comparison

	2023	2022	Change
Revenue	$371,254	$528,199	-0.3%
Expenses	$418,961	$531,533	-0.2%
Net Income	$-47,707	$-3,334	+13.3%

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

$66,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE MESICH	CHAIR	1.00	Officer Director	$0	$0	$0
TAMI MORSE	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY SAVAGE	SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH WANG	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL GREENBERG	EXECUTIVE DIRECTOR	20.00	Officer	$66,350	$0	$66,350

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	$371,254	$418,961	$70,368	$-47,707
2023	$528,199	$531,533	$86,972	$-3,334
2022	$508,263	$471,475	$93,852	$36,788
2021	$223,669	$209,111	$78,641	$14,558
2020	$239,729	$230,442	$60,713	$9,287
2019	$222,437	$226,576	$26,884	$-4,139
2018	$257,056	$246,907	$35,523	$10,149

YARNWIRE INC