FASHION LAW INSTITUTE

EIN: 273839336 501(c)(3) Education

New York, NY

Total Revenue
$143,791
Total Expenses
$132,621
Total Assets
$93,865
Net Assets
$93,865
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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
DE
Principal Officer
Susan Scafidi
Phone
2126367697
Tax Period
2024-07-01 to 2025-06-30

FASHION LAW INSTITUTE, founded in 2010, is a small nonprofit in the Education sector that reported $144K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $133K left a modest 8% surplus.

Mission

The Fashion Law Institute is the world's first academic center dedicated to the legal issues arising throughout the life of a garment. The Institute carries out its purposes as an educational organization by advancing the field of fashion law through formal instruction, experiential education, and scholarly research.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,984
Program Service Revenue $141,805
Investment Income $2
Other Revenue $0
TOTAL REVENUE $143,791

Expense Breakdown

Grants Paid $0
Salaries & Benefits $981
Fundraising Expenses $0
Program Expenses $126,493
Other Expenses $131,640
TOTAL EXPENSES $132,621

Year-over-Year Comparison

2024 2023 Change
Revenue $143,791 $156,543 -0.1%
Expenses $132,621 $114,971 +0.2%
Net Income $11,170 $41,572 -0.7%
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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
20

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Scafidi President and director 40.00
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
2025 $143,791 $132,621 $93,865 $11,170
2019 $203,017 $155,141 $58,166 $47,876
2018 $172,428 $167,739 $10,290 $4,689
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