Patchworks Inc (EIN 300464109) - 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

2007

Legal Domicile

Principal Officer

Heather Craig

Phone

7202716729

Tax Period

2021-07-01 to 2022-06-30

Patchworks Inc, founded in 2007, is a small nonprofit in the Education sector that reported $575K in total revenue in fiscal year 2021. Revenue decreased 16% compared to the prior year. Expenses of $527K left a modest 8% surplus.

Mission

Independent school for children

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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 $25,168

Program Service Revenue $548,191

Investment Income $1,797

Other Revenue $0

TOTAL REVENUE $575,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $327,404

Fundraising Expenses $477

Program Expenses $464,935

Other Expenses $200,026

TOTAL EXPENSES $527,430

Year-over-Year Comparison

	2021	2020	Change
Revenue	$575,156	$688,365	-0.2%
Expenses	$527,430	$403,506	+0.3%
Net Income	$47,726	$284,859	-0.8%

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

$65,982

Total Directors

$17,965

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heather Craig	Treasurer	30.00	Officer	$34,116	$0	$34,116
Jammie Speyer	Vice President	0.00	Officer	$31,866	$0	$31,866
Michele Beach	Director	0.00	Director	$17,965	$0	$17,965
Patrick Lacz	Director	0.00	Director	$0	$0	$0
Melissa Fishel	Director	0.00	Director	$0	$0	$0
Hildegard Tietema	Director	0.00	Director	$0	$0	$0
Katy De Angelis	Director	0.00	Director	$0	$0	$0
Kelly Frey	Secretary	1.00	Officer	$0	$0	$0
Michele Leonard	Vice President	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2022	$575,156	$527,430	$679,798	$47,726
2021	$688,365	$403,506	$633,289	$284,859
2020	$396,193	$452,089	$411,787	$-55,896
2019	$474,807	$435,472	$416,365	$39,335
2018	$467,364	$357,803	$351,856	$109,561

Patchworks Inc