TEXTILE SOCIETY OF AMERICA 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

1987

Legal Domicile

Principal Officer

Annabelle Camp

Phone

4109787632

Tax Period

2023-01-01 to 2023-12-31

TEXTILE SOCIETY OF AMERICA INC, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $101K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26K, a strong 26% operating margin.

Mission

The Textile Society of America, Inc. provides an international forum for exchange and dissemination of information about textiles from artistic, cultural, economic, historic, political, social, and technical perspectives.

Program Service Accomplishments

Program 1

Expenses: $55,137 Revenue: $1,680

Member services - organization is a resource to its 750 world-wide members who include museum curators, teachers, historians, artists, students, dealers, and collectors. Members receive...

Member services - organization is a resource to its 750 world-wide members who include museum curators, teachers, historians, artists, students, dealers, and collectors. Members receive organizational newsletters, access to membership directory, symposium proceedings, and website postings. Board and committee members plan events, and tours.

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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 (2023)

Revenue Breakdown

Contributions & Grants $89,914

Program Service Revenue $1,680

Investment Income $9,606

Other Revenue $0

TOTAL REVENUE $101,200

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $1,770

Program Expenses $55,137

Other Expenses $70,505

TOTAL EXPENSES $75,275

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,200	$65,860	+0.5%
Expenses	$75,275	$63,135	+0.2%
Net Income	$25,925	$2,725	+8.5%

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

N/A

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

Total Directors

$4,043

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kris Cnossen	Director at Large Communications	10.00	Director	$4,043	$0	$4,043
Melinda Watt	Past President	2	Director	$0	$0	$0
Isacc Facio	President	5	Officer Director	$0	$0	$0
Lynda Teller Peete	Director of Equity and Inclusion	3	Director	$0	$0	$0
Nina Olson	Director of Development	2	Director	$0	$0	$0
Eva Labson	Director of Membership and Outreach	5	Director	$0	$0	$0
Caroline Kipp	Director of Programs	3	Director	$0	$0	$0
Sharbreon Plummer	Co-Vice President/President-Elect	5	Officer Director	$0	$0	$0
L Vinebaum	Co-Vice President	5	Officer Director	$0	$0	$0
Sara Clugage	Director of Communications	5	Director	$0	$0	$0
Amber Clifford-Napoleone	Assistant Director of Equity and Inclusion	2	Director	$0	$0	$0
Maria-Jose Murillo	Director at Large for Equity and Inclusion	2	Director	$0	$0	$0
Sariah Park	Director at Large for Equity and Inclusion	2	Director	$0	$0	$0
Annabell Camp	Treasurer	3	Officer Director	$0	$0	$0
Gabe Duggan	Assistant Director for Membership and Outreach	2	Director	$0	$0	$0
Christine Checinska	Director at Large for Membership	2	Director	$0	$0	$0
Alexa Winton	Assistant Director of Programs	2	Director	$0	$0	$0
Vandana Bhandari	Director of Awards and Scholarships	3	Director	$0	$0	$0
Janet Purdy	Assistant Director of Awards and Scholarships	2	Director	$0	$0	$0
Kira Dominguez Hultgren	Assistant Director of Volunteers and Membership	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	$101,200	$75,275	$810,254	$25,925
2022	$65,860	$63,135	$660,606	$2,725
2021	$103,436	$183,198	$776,779	$-79,762
2020	$157,383	$116,717	$745,438	$40,666
2019	$87,530	$127,971	$642,550	$-40,441