THE PHILADELPHIA FASHION INCUBATOR (EIN 452561701) - 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

2011

Legal Domicile

Principal Officer

ELISSA BLOOM

Phone

2152419000

Tax Period

2022-01-01 to 2022-12-31

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.

Mission

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.

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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 (2022)

Revenue Breakdown

Contributions & Grants $56,604

Program Service Revenue $16,901

Investment Income $105

Other Revenue $0

TOTAL REVENUE $73,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,348

Fundraising Expenses $12,821

Program Expenses $77,532

Other Expenses $45,518

TOTAL EXPENSES $155,866

Year-over-Year Comparison

	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%

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

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

$97,583

Total Directors

Key Employees

Highest Compensated

reported

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

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
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

THE PHILADELPHIA FASHION INCUBATOR