THE INDUSTRIAL COMMONS (EIN 472080338) - 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

2014

Legal Domicile

Principal Officer

SARA CHESTER

Phone

8284434043

Tax Period

2023-01-01 to 2023-12-31

THE INDUSTRIAL COMMONS, founded in 2014, is a mid-sized nonprofit in the Employment sector that reported $11.7M in total revenue in fiscal year 2023. Revenue surged 340% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.4M, a strong 81% operating margin.

Mission

TO CREATE LONG-TERM ECONOMIC AND SOCIETAL BENEFITS IN RURAL WESTERN NORTH CAROLINA AND NEIGHBORING REGIONS BY LESSENING THE BURDENS OF GOVERNMENT AND DEVELOPING PUBLIC ASSETS THAT ENHANCE THE RETENTION AND CREATION OF SMALL TO MID-SIZE MANUFACTURING FIRMS AND MEANINGFUL, GAINFUL EMPLOYMENT; BY PROVIDING ECONOMIC, BUSINESS AND VOCATIONAL EDUCATION SERVICES TO WORKERS AND BUSINESS OWNERS; AND BY SUSTAINABLY ENHANCING THE ECONOMIC WELL-BEING OF ALL MEMBERS OF A COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,971,882

Program Service Revenue $415,646

Investment Income $291,977

Other Revenue $-21,889

TOTAL REVENUE $11,657,616

Expense Breakdown

Grants Paid $5,280

Salaries & Benefits $1,404,274

Fundraising Expenses $252,442

Program Expenses $1,638,349

Other Expenses $827,093

TOTAL EXPENSES $2,236,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,657,616	$2,647,034	+3.4%
Expenses	$2,236,647	$2,390,165	-0.1%
Net Income	$9,420,969	$256,869	+35.7%

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

$178,249

Total Directors

$125,713

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN CLARK	CHAIRMAN (THRU NOVEMBER)	1.00	Officer Director	$0	$0	$0
ALAN WOOD	VICE CHAIRMAN (THRU NOVEMBER)	1.00	Officer Director	$0	$0	$0
DEBORAH SIGMON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BOBBY CARSWELL	DIRECTOR/RESEARCH & DEVELOPMENT DIRECTOR	40.00	Director	$58,113	$5,152	$63,265
KIMBERLY HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
SHARLEY MENDOZA PEREZ	DIRECTOR/DIRECTOR OF OPERATIONS	40.00	Director	$57,987	$4,461	$62,448
ERICA DAMMAN	DIRECTOR	1.00	Director	$0	$0	$0
RENEA CANIPE	DIRECTOR	1.00	Director	$0	$0	$0
LISA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY HEMSTREET	CO-EXECUTIVE DIRECTOR	40.00	Officer	$94,222	$0	$94,222
SARA CHESTER	CO-EXECUTIVE DIRECTOR	40.00	Officer	$78,770	$5,257	$84,027

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	No data	No data	No data	No data
2023	$11,657,616	$2,236,647	$16,084,125	$9,420,969
2022	$2,647,034	$2,390,165	$6,820,044	$256,869
2021	$4,558,553	$1,745,427	$6,060,975	$2,813,126
2020	$3,472,669	$1,358,345	$3,601,215	$2,114,324
2019	$803,796	$1,016,112	$1,107,828	$-212,316
2018	$1,344,220	$187,103	$1,301,351	$1,157,117

THE INDUSTRIAL COMMONS