APPAREL IMPACT INSTITUTE

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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

RYAN GAINES

Phone

6509954662

Tax Period

2025-01-01 to 2025-12-31

APPAREL IMPACT INSTITUTE, founded in 2012, is a mid-sized nonprofit in the Environment sector that reported $16.8M in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.0M, a strong 30% operating margin.

Mission

TO IDENTIFY, VALIDATE, FUND AND SCALE IMPACT SOLUTIONS TO DRIVE MEASURABLE CHANGE IN THE APPAREL AND FOOTWEAR INDUSTRY. AII PROGRAMS FOCUS ON AREAS THAT RESULT IN POSITIVE ENVIRONMENTAL IMPACT FROM THE PRODUCTION OF APPAREL AND FOOTWEAR PRODUCTS TO IMPROVE THE INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $9,063,263 Revenue: $5,007,809

THE ORGANIZATION WILL DRIVE TRANSFORMATIVE IMPROVEMENTS IN THE FASHION INDUSTRY THROUGH INNOVATIVE FUNDING MECHANISMS AND DEEP PARTNERSHIPS WITH INDUSTRY AND OTHER PROFESSIONAL SERVICES. THIS...

THE ORGANIZATION WILL DRIVE TRANSFORMATIVE IMPROVEMENTS IN THE FASHION INDUSTRY THROUGH INNOVATIVE FUNDING MECHANISMS AND DEEP PARTNERSHIPS WITH INDUSTRY AND OTHER PROFESSIONAL SERVICES. THIS COLLABORATION WILL SELECT, FUND, AND SCALE HIGH-IMPACT PROJECTS THAT DRAMATICALLY AND MEASURABLY IMPROVE SUSTAINABILITY OUTCOMES OF THE APPAREL AND FOOTWEAR INDUSTRY. THE ORGANIZATION IDENTIFIES PROJECTS WITHIN THE APPAREL AND FOOTWEAR INDUSTRY THAT, WITH APPROPRIATE INVESTMENT AND RESOURCES, HAVE THE POTENTIAL TO SCALE TO MEET THE CRITICAL ENVIRONMENTAL AND SOCIAL OUTCOMES BRANDS AND CONSUMERS ARE BOTH SEEKING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $11,251,818

Program Service Revenue $5,007,809

Investment Income $493,109

Other Revenue $2,464

TOTAL REVENUE $16,755,200

Expense Breakdown

Grants Paid $1,049,275

Salaries & Benefits $4,078,099

Fundraising Expenses $208,495

Program Expenses $9,063,263

Other Expenses $6,674,762

TOTAL EXPENSES $11,802,136

Year-over-Year Comparison

	2025	2024	Change
Revenue	$16,755,200	$14,172,497	+0.2%
Expenses	$11,802,136	$11,122,396	+0.1%
Net Income	$4,953,064	$3,050,101	+0.6%

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

$331,961

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA FIFIELD	BOARD CHAIR	24.00	Officer Director	$0	$0	$0
DEVON ROTHWELL	TREASURER	24.00	Officer Director	$0	$0	$0
AMINA RAZVI	SECRETARY	24.00	Officer Director	$0	$0	$0
CLAIRE BERGKAMP	BOARD MEMBER	16.00	Director	$0	$0	$0
PRAMIT CHANDA	BOARD MEMBER	16.00	Director	$0	$0	$0
AMANDA TUCKER	BOARD MEMBER	16.00	Director	$0	$0	$0
HASITHA PREMARATNE	BOARD MEMBER	16.00	Director	$0	$0	$0
LEWIS PERKINS	PRESIDENT	40.00	Officer	$312,927	$19,034	$331,961
RICHARD GAINES	CFO	40.00	Officer	$0	$0	$0
KAY E BLOOMBERG	CHIEF OF STAFF	40.00	Highest	$252,905	$17,166	$270,071
KURT R KIPKA	CHIEF IMPACT OFFICER	40.00	Highest	$230,751	$24,992	$255,743
DANIEL SANTOS XAVIER	HEAD OF SOFTWARE	40.00	Highest	$208,832	$6,720	$215,552
BRYANT LAPRES	SENIOR DIRECTOR OF INDUSTR	40.00	Highest	$174,303	$13,392	$187,695
MICHELLE WILLIS	DIRECTOR OF HR	40.00	Highest	$151,481	$16,037	$167,518

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
2025	$16,755,200	$11,802,136	$19,889,893	$4,953,064
2024	$14,172,497	$11,122,396	$16,350,416	$3,050,101
2023	$11,528,198	$9,157,605	$12,325,936	$2,370,593
2022	$7,460,334	$4,271,577	$6,641,420	$3,188,757
2021	$2,682,331	$2,575,364	$1,757,136	$106,967
2020	$1,853,250	$1,997,763	$1,145,920	$-144,513
2019	$1,170,206	$1,847,220	$1,004,146	$-677,014
2018	$1,250,213	$800,368	$1,056,408	$449,845