Patchwork Central Inc (EIN 310947418) - 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

1977

Legal Domicile

Principal Officer

John Amy Rich

Phone

8124242735

Tax Period

2024-10-01 to 2025-09-30

Patchwork Central Inc, founded in 1977, is a small nonprofit that reported $253K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $333K exceeded revenue, resulting in a 31% operating deficit.

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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 (2024)

Revenue Breakdown

Contributions & Grants $212,423

Program Service Revenue $0

Investment Income $31,532

Other Revenue $9,222

TOTAL REVENUE $253,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,175

Fundraising Expenses $5,700

Program Expenses $302,257

Other Expenses $130,359

TOTAL EXPENSES $332,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,177	$233,058	+0.1%
Expenses	$332,534	$327,407	+0.0%
Net Income	$-79,357	$-94,349	-0.2%

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

112

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

$86,918

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jill Hemminger	President	1.00	Officer	$0	$0	$0
Jane Johansen	Vice President	1.00	Officer	$0	$0	$0
Kristina Coon	Treasurer	1.00	Officer	$0	$0	$0
Isabella McCool	Secretary	1.00	Officer	$0	$0	$0
John Rich	co-Executive Director	20.00	Officer	$32,113	$0	$32,113
Amy Rich	co-Executive Director	20.00	Officer	$54,805	$0	$54,805
Michele Fralick	Director	1.00	Director	$0	$0	$0
Chris Gibson	Director	1.00	Director	$0	$0	$0
Angela McGee	Director	1.00	Director	$0	$0	$0
Robyn Musgrave	Director	1.00	Director	$0	$0	$0
Pearl Quartey-Kumapley	Director	1.00	Director	$0	$0	$0
Alex Schmitt	Director	1.00	Director	$0	$0	$0
Veltri Taylor	Director	1.00	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	$253,177	$332,534	$1,673,142	$-79,357
2024	$233,058	$327,407	$1,727,966	$-94,349
2023	$523,281	$337,723	$1,634,129	$185,558
2022	$1,008,574	$289,410	$1,428,934	$719,164
2021	$501,185	$212,701	$783,899	$288,484
2020	$241,310	$193,267	$486,368	$48,043

Patchwork Central Inc