PHILADELPHIA, PA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)THE PHILADELPHIA FASHION INCUBATOR, founded in 2011, is a micro nonprofit in the Community Improvement sector that reported $74K in total revenue in fiscal year 2022. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $156K exceeded revenue, resulting in a 112% operating deficit.
THE PURPOSE OF THE INCUABTOR IS TO PROVIDE OPPORTUNITIES FOR EDUCATION AND SUPPORT AND PROMOTE EMERGING FASHION DESIGNERS AND THE FASHION COMMUNITY IN THE PHILADELPHIA AREA.
THE PHILADELPHIA FASHION INCUBATOR IS A TWELVE-MONTH RESIDENCY PROGRAM FEATURING SIX ANNUALLY SELECTED DESIGNERS-IN-RESIDENCE (DIR). THE DIR HAVE ACCESS TO OFFICE AND DESIGN/WORK SPACE, BUSINESS...
THE PHILADELPHIA FASHION INCUBATOR IS A TWELVE-MONTH RESIDENCY PROGRAM FEATURING SIX ANNUALLY SELECTED DESIGNERS-IN-RESIDENCE (DIR). THE DIR HAVE ACCESS TO OFFICE AND DESIGN/WORK SPACE, BUSINESS CURRICULUM, MENTORING, AND OTHER IMPORTANT RESOURCES ALL WITHIN MACY'S CENTER CITY, IN AN EFFORT TO HELP THEM LAUNCH AND FURTHER GROW THEIR COMPANIES IN THE CITY OF PHILADELPHIA. THE 2018 PROGRAM BEGAN WITH A WEEK-LONG BUSINESS BOOT CAMP, A SERIES OF 16 BUSINESS WORKSHOPS. THE BUSINESS BOOT CAMP JUMP STARTS THE RESIDENCY AND PROVIDES THE DIR WITH ESSENTIAL BUSINESS INFORMATION, ALLOWING THEM TO ACCELERATE THEIR BUSINESSES AND EXECUTE STRATEGIES EARLY ON IN THE PROGRAM. THE DIR ALSO PARTICIPATED IN VARIOUS WORKSHOPS THROUGHOUT THE YEAR WHICH FOCUSED ON VARIOUS BUSINESS TOPICS. WORKSHOPS PROVIDED IN DEPTH KNOWLEDGE ON EACH TOPIC AND SERVED AS A WORKING CLASSROOM WHERE DIR PREPARED INFORMATION IN ADVANCE WAS REVIEWED BY EACH INSTRUCTOR. IN ADDITION, THE WORKSHOPS PROVIDED OPPORTUNITY FOR DIR TO TAP INTO INDUSTRY EXPERTS. EACH DIR IS ALSO PAIRED WITH AN INDUSTRY LEADER MENTOR WHOM THEY MEET WITH THROUGHOUT THE RESIDENCY. THE MENTORS ASSIST THE DIR IN DEVELOPING THEIR PROFESSIONAL AND BUSINESS SKILLS ALONG WITH GAINING FEEDBACK ON THEIR BUSINESS MODELS AND COLLECTIONS. TRIPS TO NEW YORK CITY ARE ALSO HELD EACH MONTH. THE TRIPS INCLUDE MEETINGS WITH FASHION ENTREPRENEURS, TOURS OF PRODUCTION AND SOURCING RESOURCES, INDUSTRY SHOWS AND EVENTS. DIRS ALSO PARTICIPATED IN VARIOUS TRADE SHOWS AND EVENTS.
PUBLIC PROGRAMS HAVE HELPED CREATE A HUB FOR THE PHILADELPHIA FASHION COMMUNITY, NETWORKING OPPORTUNITIES FOR ATTENDEES AND PROMOTION OF THE FASHION INCUBATOR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $73,610 | $166,541 | -0.6% |
| Expenses | $155,866 | $200,550 | -0.2% |
| Net Income | $-82,256 | $-34,009 | +1.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CONRAD BOOKER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| EARL BOYD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ALIZA KARETNICK | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| VICKIE ROTANTE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ERIK SEEL | BOARD CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELLE SHANNON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MINDY SOLKIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ANNE MILLMAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ELISSA BLOOM | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$97,583 | $0 | $97,583 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $73,610 | $155,866 | $280,416 | $-82,256 |
| 2021 | $166,541 | $200,550 | $367,990 | $-34,009 |
| 2020 | $133,885 | $144,256 | $396,187 | $-10,371 |
| 2019 | $156,928 | $154,861 | $409,415 | $2,067 |
Compare THE PHILADELPHIA FASHION INCUBATOR with other nonprofits in Pennsylvania and across the country.