Pattern Inc

EIN: 474197760 501(c)(3) Community Improvement

Carmel, IN

Total Revenue
$1,380,542
Total Expenses
$971,932
Total Assets
$816,379
Net Assets
$749,902
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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
IN
Phone
3177521476
Tax Period
2024-01-01 to 2024-12-31

Pattern Inc, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $409K, a strong 30% operating margin.

Mission

Pattern, Inc. provides support to Central Indianas creative/maker industries in the form of business resources, exposure, education, and advocacy.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $381,160
Program Service Revenue $999,373
Investment Income $9
Other Revenue $0
TOTAL REVENUE $1,380,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $262,895
Fundraising Expenses $73,094
Program Expenses $678,542
Other Expenses $697,569
TOTAL EXPENSES $971,932

Year-over-Year Comparison

2024 2023 Change
Revenue $1,380,542 $950,963 +0.5%
Expenses $971,932 $772,545 +0.3%
Net Income $408,610 $178,418 +1.3%
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

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Governance

Voting Members
14
Independent Members
14
Employees
6
Volunteers
10

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
2
$75,000
Total Directors
14
$75,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Polina Osherov Exectuive Director 40.00
Officer Director
$75,000 $0 $75,000
Barry Wormser Board MemberChair 2.00
Officer Director
$0 $0 $0
Fred Lockett Board Member 2.00
Director
$0 $0 $0
Micah Smith Board Member 2.00
Director
$0 $0 $0
Sara Savu Board MemberTreasurer 2.00
Director
$0 $0 $0
Yemisi Sanni Board Member 2.00
Director
$0 $0 $0
Alan Bacon Board Member 2.00
Director
$0 $0 $0
NaShara Mitchell Board Member 2.00
Director
$0 $0 $0
Isaac Bamgbose Board Member 2.00
Director
$0 $0 $0
Ace Yakey Board Member 2.00
Director
$0 $0 $0
Melanie Allen Board Member 2.00
Director
$0 $0 $0
Michelle Griffith Board Member 2.00
Director
$0 $0 $0
Ellen White Board Member 2.00
Director
$0 $0 $0
Lindsey Macyauski Board Member 2.00
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 $1,380,542 $971,932 $816,379 $408,610
2023 $950,963 $772,545 $413,502 $178,418
2022 $451,618 $467,140 $250,726 $-15,522
2021 $376,352 $321,405 $246,862 $54,947
2020 $223,642 $189,707 $201,450 $33,935
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