SFMade 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

2010

Legal Domicile

Principal Officer

Stephen Sellers

Phone

4154085605

Tax Period

2023-01-01 to 2023-12-31

SFMade Inc, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2023.

Mission

SFMade's mission is to build and support a vibrant manufacturing sector in San Francisco that sustains companies producing locally-made products, encourages entrepreneurship and innovation, and creates employment opportunities for a diverse local workforce.

Program Service Accomplishments

Program 1

Expenses: $1,389,241 Revenue: $104,600

SFMade provides local manufacturers in the San Francisco Bay area the resources to grow, and create employment opportunities for low-income individuals, with a focus on people of color, immigrants...

SFMade provides local manufacturers in the San Francisco Bay area the resources to grow, and create employment opportunities for low-income individuals, with a focus on people of color, immigrants, and women. In 2020, SFmade served over 700 manufacturers, providing them with more than 1,700 hours of 1-on-1 advisory services to help them recover and rebuild. SFmade also works directly with manufacturers to help them to prepare for and hire from the local workforce. Our workforce programs serve both adults with significant barriers to employment and low-income youth by placing them directly into training, paid internships, and full-time employment. Finally, our regional policy/practice programs engage key stakeholders across all 9 bay area counties - including local government, community organizations, and higher education -to create a robust regional manufacturing sector by fostering regional collaboration and coordinating the covid crisis response from city governments to make sure manufacturing is a front and center priority and strategy to build a more inclusive and equitable economy.

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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 $1,737,293

Program Service Revenue $104,600

Investment Income $23,194

Other Revenue $-35,426

TOTAL REVENUE $1,829,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,471,158

Fundraising Expenses $136,423

Program Expenses $1,389,241

Other Expenses $489,305

TOTAL EXPENSES $1,960,463

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,829,661	$1,730,306	+0.1%
Expenses	$1,960,463	$1,940,958	+0.0%
Net Income	$-130,802	$-210,652	-0.4%

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

$430,233

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rosemarie Ovian	Board Chair	1.00	Officer Director	$0	$0	$0
Wenli Wang	Board Vice Chair	1.00	Officer Director	$0	$0	$0
Veronica Bell	Board Secretary	1.00	Officer Director	$0	$0	$0
Tracy Ericson	Board Tresurer	1.00	Officer Director	$0	$0	$0
Alicia Esterkamp Allbin	Board Member	1.00	Director	$0	$0	$0
Hillary Baca	Board Member	1.00	Director	$0	$0	$0
Jon Knorpp	Board Member	1.00	Director	$0	$0	$0
Wendy Lee	Director of Development	40.00	Officer	$106,013	$0	$106,013
Linda Becker	CEO-Ended April 30	30.00	Officer	$173,563	$0	$173,563
Medo Nasry	Controller	30.00	Officer	$150,657	$0	$150,657
Stephen Sellers	Interim CEO	0.00	Officer	$0	$0	$0
McCarley Jefferson	Chief Program Officer	40.00	Highest	$117,500	$0	$117,500

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	No data	No data	No data	No data
2023	$1,829,661	$1,960,463	$2,081,116	$-130,802
2022	$1,730,306	$1,940,958	$2,183,444	$-210,652
2021	$3,275,814	$2,127,612	$2,181,298	$1,148,202
2020	$2,352,677	$2,243,377	$1,257,214	$109,300
2019	$2,296,546	$2,232,523	$760,652	$64,023
2018	$1,786,425	$1,886,203	$887,609	$-99,778