Syn Shop (EIN 454657308) - 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

2012

Legal Domicile

Principal Officer

Aakin Patel

Phone

7025762982

Tax Period

2024-01-01 to 2024-12-31

Syn Shop, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $117K in total revenue in fiscal year 2024. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 35% operating margin.

Mission

SYN Shop is dedicated to the goal of educating and enabling the greater Las Vegas community in the creative use of developing and established fabrication technologies.

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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 (2024)

Revenue Breakdown

Contributions & Grants $115,822

Program Service Revenue $0

Investment Income $994

Other Revenue $0

TOTAL REVENUE $116,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,125

Other Expenses $76,394

TOTAL EXPENSES $76,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,816	$52,303	+1.2%
Expenses	$76,394	$36,108	+1.1%
Net Income	$40,422	$16,195	+1.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aakin Patel	President	10.00	Officer	$0	$0	$0
James-Richard Eckert	Treasurer	10.00	Officer	$0	$0	$0
Michael Petitclerc	Secretary	4.00	Officer	$0	$0	$0
Vanessa Wilbur	Director	4.00	Director	$0	$0	$0
Sara Luebke	Director	4.00	Director	$0	$0	$0
Rudolf Jovero	Director	4.00	Director	$0	$0	$0
Timothy Gibson	Director	4.00	Director	$0	$0	$0
Michael Clark	Director	4.00	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	$116,816	$76,394	$753,441	$40,422
2023	$52,303	$36,108	$731,143	$16,195
2022	$46,807	$31,823	$732,049	$14,984
2021	$56,026	$35,014	$735,468	$21,012
2020	$573,432	$70,804	$728,731	$502,628

Syn Shop