COLUMBUS FASHION INITIATIVE

EIN: 371934707 501(c)(3) Youth Development

Columbus, OH

Total Revenue
$1,503,921
Total Expenses
$1,714,873
Total Assets
$222,070
Net Assets
$196,085
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
OH
Principal Officer
Yohannan Terrell
Phone
6146578433
Tax Period
2023-01-01 to 2023-12-31

COLUMBUS FASHION INITIATIVE, founded in 2019, is a community nonprofit in the Youth Development sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

Our goal is to support the creation and growth of creatives and fashion based business through multiple facets. First, we look to educate our members and the community with skills that add value to their brands and increase their knowledge as a professional. We are constructing facilities that house industrial-grade equipment, such as sewing machines, sergers, DTG, fabric and screen printers etc., with which our members have access in order to build a business without the overhead of this incredibly useful but expensive equipment. We will coach our members and community on how to go from conception to production and all the areas in between. Lastly, we look to create opportunities to connect artists with retail professionals and find opportunities that are mutually beneficial.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,477,762
Program Service Revenue $24,649
Investment Income $8
Other Revenue $1,502
TOTAL REVENUE $1,503,921

Expense Breakdown

Grants Paid $0
Salaries & Benefits $515,784
Fundraising Expenses $13,569
Program Expenses $1,517,036
Other Expenses $1,199,089
TOTAL EXPENSES $1,714,873

Year-over-Year Comparison

2023 2022 Change
Revenue $1,503,921 $1,359,773 +0.1%
Expenses $1,714,873 $1,212,161 +0.4%
Net Income $-210,952 $147,612 -2.4%
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

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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
12
Independent Members
12
Employees
6
Volunteers
10

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
$135,692
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Yohannan Terrell Executive Director 40
Officer Highest
$135,692 $0 $135,692
Ana Lowe Director 2
Director
$0 $0 $0
David Zeidan President 2
Director
$0 $0 $0
Lavelle Stillwell Director 2
Director
$0 $0 $0
Andrew Doup Director 2
Director
$0 $0 $0
Jami Goldstein Director 2
Director
$0 $0 $0
Katherine DePizzo Director 2
Director
$0 $0 $0
Katie Bishop Director 2
Director
$0 $0 $0
Suzanne Cotton Director 2
Director
$0 $0 $0
Joe Brim Director 2
Director
$0 $0 $0
Jamie Schisler Director 2
Director
$0 $0 $0
Lindsey Dunleavy Director 2
Director
$0 $0 $0
Maren Roth Director 2
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
2024 No data No data No data No data
2023 $1,503,921 $1,714,873 $222,070 $-210,952
2022 $1,359,773 $1,212,161 $425,829 $147,612
2021 $700,402 $722,810 $260,125 $-22,408
2020 $567,303 $285,490 $281,833 $281,813
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