Driehaus Design Initiative

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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

2010

Legal Domicile

Principal Officer

Michelle Molise

Phone

3129328679

Tax Period

2021-01-01 to 2021-12-31

Driehaus Design Initiative, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.0M in total revenue in fiscal year 2021. Revenue surged 1506% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 99% operating margin.

Mission

TO PROMOTE AND ENCOURAGE DESIGN EDUCATION AND TO FOSTER PUBLIC APPRECIATION AND UNDERSTANDING OF ALL ASPECTS OF DESIGN, INCLUDING FASHION DESIGN, VISUAL ARTS, STRUCTURAL DESIGN AND THE HISTORY OF DESIGN, IN THE FURTHERANCE OF AN EDUCATIONAL PURPOSE.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Driehaus Design Initiative produces an annual educational fashion show for students in undergraduate design programs, sponsors an ongoing educational symposium for those and similar students...

Driehaus Design Initiative produces an annual educational fashion show for students in undergraduate design programs, sponsors an ongoing educational symposium for those and similar students, maintains a collection of works of fashion design, and educates the public about design and the visual arts. It also makes grants to educational institutions to support design programs. The annual Driehaus awards for fashion excellence fashion show provides a "real life" educational experience for the students, encourages and highlights creative and innovative fashion design, encourages students to continue working in and advancing fashion design and fosters public appreciation of innovative fashion design. The 2022 show has also been cancelled due to the COVID 19 pandemic, but the organization intends to hold the fashion show event in the future. The organization will be awarding grants to selected educational institutions in 2022.

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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 (2021)

Revenue Breakdown

Contributions & Grants $5,000,005

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $5,000,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $33,725

TOTAL EXPENSES $33,725

Year-over-Year Comparison

	2021	2020	Change
Revenue	$5,000,022	$311,281	+15.1%
Expenses	$33,725	$348,749	-0.9%
Net Income	$4,966,297	$-37,468	-133.5%

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

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
RICHARD H DRIEHAUS	PRESIDENT & DIRECTOR - 3/9/21	3.0	Officer Director	$0	$0	$0
TRACEY TARANTINO	Secretary & Director	3.0	Director	$0	$0	$0
Michelle Molise	TREASURER & DIRECTOR	6.0	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
2021	$5,000,022	$33,725	$5,158,093	$4,966,297
2020	$311,281	$348,749	$332,854	$-37,468
2019	$782,592	$601,881	$239,240	$180,711
2018	$530,489	$514,736	$74,387	$15,753