Praxis Integrated Fiber Workshop (EIN 463033270) - 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

2015

Legal Domicile

Principal Officer

Jessica Pinsky

Phone

2166448661

Tax Period

2024-01-01 to 2024-12-31

Praxis Integrated Fiber Workshop, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $421K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 17% operating margin.

Mission

The mission of Praxis is to revitalize the field of fiber art in the Cleveland area by giving local artists and community members access to fiber related equipment, classes, and studio space.

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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 $258,497

Program Service Revenue $154,112

Investment Income $0

Other Revenue $8,510

TOTAL REVENUE $421,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,025

Fundraising Expenses $24,393

Program Expenses $277,145

Other Expenses $155,889

TOTAL EXPENSES $347,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$421,119	$328,808	+0.3%
Expenses	$347,914	$358,120	0.0%
Net Income	$73,205	$-29,312	-3.5%

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

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

$75,779

Total Directors

$75,779

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Pinsky	Executive Director	40.00	Officer Director	$75,779	$0	$75,779
Philipe Benard	Trustee	1.00	Director	$0	$0	$0
Elia Pestana	Trustee	1.00	Director	$0	$0	$0
Christy Gray	Secretary	1.00	Officer	$0	$0	$0
Joyce Jentoft	Treasurer	1.00	Officer	$0	$0	$0
Pam Gill	Chair	1.00	Officer	$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	$421,119	$347,914	$240,529	$73,205
2023	$328,808	$358,120	$171,405	$-29,312
2022	$305,950	$230,272	$209,997	$75,678
2021	$232,048	$200,853	$137,882	$31,195

Praxis Integrated Fiber Workshop