ESPERANZA THREADS 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

2000

Legal Domicile

Principal Officer

SISTER MARY EILEEN BOYLE

Phone

2169619009

Tax Period

2018-01-01 to 2018-12-31

ESPERANZA THREADS INC, founded in 2000, is a small nonprofit in the Employment sector that reported $153K in total revenue in fiscal year 2018. The organization ran a surplus of $32K, a strong 21% operating margin.

Mission

ESPERANZA THREADS, INC. (ESPERANZA THREADS) IS A NONPROFIT ORGANIZATION CHARTERED IN THE STATE OF OHIO IN 1971. THE MISSION OF ESPERANZA THREADS IS TO PROVIDE SEWING SKILL TRAINING AND FINDING EMPLOYMENT. ESPERANZA THREADS USES 100% SUSTAINABLE FABRIC DESIGNS. THEY MAKE PRODUCTS FOR ADULTS, YOUTHS, BABIES AS WELL AS BEDS, BATHS AND KITCHENS WHILE TOUTING THE FACT THAT THEY ARE A NON-PROFIT TRAINING FACILITY TEACHING THOSE NEEDING SKILLS FOR EMPLOYMENT HOW TO SEW ON INDUSTRIAL MACHINES.

Program Service Accomplishments

Program 1

Expenses: $96,809

ESPERANZA THREADS OPERATES TWO PROGRAMS: AN INDUSTRIAL SEWING JOB TRAINING AND JOB PLACEMENT PROGRAM FOR LOW INCOME INDIVIDUALS WHICH INCLUDES CLEVELANDERS AND MIGRANT REFUGEES WHO ARE NEW TO THE...

ESPERANZA THREADS OPERATES TWO PROGRAMS: AN INDUSTRIAL SEWING JOB TRAINING AND JOB PLACEMENT PROGRAM FOR LOW INCOME INDIVIDUALS WHICH INCLUDES CLEVELANDERS AND MIGRANT REFUGEES WHO ARE NEW TO THE CITY AND AN ORGANIC CLOTHING MANUFACTURER AND RETAILER. THE MISSION OF ESPERANZA THREADS IS TO PROVIDE SEWING TRAINING IN GOOD-QUALITY JOBS, TO ASSIST INDIVIDUALS WITH BARRIERS TO EMPLOYMENT TO SUPPORT A FAMILY AND TO HAVE THE OPPORTUNITY TO BUILD A CAREER. THE TRAINING PROGRAM CURRENTLY INSTRUCTS 40-50 PEOPLE A YEAR WITH A 50-65% HIRING RATE IN JOBS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $124,866

Program Service Revenue $28,563

Investment Income $0

Other Revenue $0

TOTAL REVENUE $153,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,735

Fundraising Expenses $1,875

Program Expenses $96,809

Other Expenses $49,168

TOTAL EXPENSES $121,903

Year-over-Year Comparison

	2018	2017	Change
Revenue	$153,429	$151,208	+0.0%
Expenses	$121,903	$104,466	+0.2%
Net Income	$31,526	$46,742	-0.3%

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

1055

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

$23,140

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY TIELL	CHAR	6.00	Officer Director	$0	$0	$0
SISTER JULIANA BECK	SECRETARY	6.00	Officer Director	$0	$0	$0
JEFFREY JENEY	FINANCE CHAI	6.00	Officer Director	$0	$0	$0
PAMELA CRAIG	DIRECTOR	3.00	Director	$0	$0	$0
MARY ELLEN DUERR	DIRECTOR	3.00	Director	$0	$0	$0
PATRICK GAUGHAN	DIRECTOR	3.00	Director	$0	$0	$0
PASTOR MYRLE WEEMS	DIRECTOR	3.00	Director	$0	$0	$0
ADNGEW JANICK	DIRECTOR	3.00	Director	$0	$0	$0
SISTER MARY EILEEN BOYLE	EXECUTIVE DI	40.00	Officer	$23,140	$0	$23,140

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
2018	$153,429	$121,903	$169,841	$31,526