CAMBRIDGE, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ADVANCED FUNCTIONAL FABRICS OF AMERICA INC, founded in 2015, is a mid-sized nonprofit in the Education sector that reported $18.7M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $20.9M exceeded revenue, resulting in a 12% operating deficit.
AFFOA IS A PUBLIC-PRIVATE PARTNERSHIP AMONG GOVERNMENT. ACADEMIA AND INDUSTRY, ESTABLISHED TO BUILD AND SUSTAIN U.S. GLOBAL LEADERSHIP IN THE REVOLUTIONARY FIBERS AND TEXTILES BY ACCELERATING THE WIDESPREAD COMMERICIALIZATION OF HIGHLY FUNCTIONAL ADVANCED FIBRES AND TEXTILES FOR DEFENSE AND COMMERCIAL MARKETS.
ADVANCED FUNCTIONAL FABRICS OF AMERICAN (AFFOA) AIMS TO ESTABLISH A MANUFACTURING INNOVATION INSTITUTE IN THE AREA OF REVOLUTIONARY FIBERS AND TEXTILES AS A PUBLIC PRIVATE PARTNERSHIP BETWEEN...
ADVANCED FUNCTIONAL FABRICS OF AMERICAN (AFFOA) AIMS TO ESTABLISH A MANUFACTURING INNOVATION INSTITUTE IN THE AREA OF REVOLUTIONARY FIBERS AND TEXTILES AS A PUBLIC PRIVATE PARTNERSHIP BETWEEN GOVERNMENT, ACADEMIA AND INDUSTRY. AFFOA IS A NATIONWIDE NETWORK ADDRESSING THE SPECTRUMS OF MANUFACTURING CHALLENGES ASSOCIATED WITH THE FIBER AND TEXTILE INDUSTRY FROM CONCEPT TO END PRODUCTS. THIS INSTITUTE, WITH THE HELP OF THE FEDERAL GOVERNMENT FUNDING WILL BRING ACADEMIA, GOVERNMENT LABORATORIES, NONPROFIT ORGANIZATION AND INDUSTRIES (SMALL, MEDIUM BUSINESSES AND LARGE CORPORATIONS) UNDER ONE UMBRELLA SO THAT THE CURRENT FRAGMENTED U.S. CAPABILITIES BECOME ONE COHERENT ECOSYSTEM. THE PRINCIPAL OBJECTIVE OF THE INSTITUTE IS TO DEVELOP AND SCALE CRITICAL MANUFACTURING PROCESSES FOR THE REVOLUTIONARY FIBER AND TEXTILES AND TAKE THEM FROM MRL4 TO MRL7. AFFOA WILL ALSO PROVIDE GUIDANCE AND SERVE AS A TRANSITION PARTNER TO ACCELERATE LOWER MRL ACTIVITIES. FIBERS AND TEXTILES INDUSTRY, PREDOMINATELY A LABORINTENSIVE INDUSTRY, HAS BEEN LOSING GLOBAL MARKET SHARE AND US MANUFACTURING JOBS FOR THE PAST FOUR DECADES. CONCOMITANT WITH THE DECLINE HAS BEEN THE LOSS OF INFRASTRUCTURE FOR NEW DEVELOPMENT, INCLUDING LABSCALE AND PILOT LINE FACILITIES, AND THE KNOWLEDGE BASE IN THESE AREAS FOR THE MANUFACTURING SECTOR. ALSO, A VACUUM HAS BEEN CREATED IN THE TALENT POOL ESSENTIAL TO REVIVING THE FIBER AND TEXTILE MANUFACTURING SECTOR. THESE AREAS NEED STRATEGIC INVESTMENT TO SEED AND GROW THE MANUFACTURING BASE FOR ADVANCED FIBERS AND TECHNICAL TEXTILES INDUSTRY IN THE COUNTRY. AFFOA WILL SERVE AS THE ONESTOP NETWORK FOR FIBERS AND TEXTILE MANUFACTURERS, SYSTEM INTEGRATORS, COMPANIES DESIGNING AND DEVELOPING PRODUCTS USING FIBER/TEXTILES FOR VARIOUS APPLICATIONS SUCH AS APPAREL, FURNITURE AND UPHOLSTERY, TECHNICAL TEXTILES, ADVANCED SOLDIER AND WAR FIGHTER PROTECTION, SPACE AND AVIATION, AUTOMOTIVE, PERSONAL AND PROPERTY PROTECTION, COMPOSITES, GEOTEXTILES, SPORTS AND LEISURE, MEDICAL APPLICATIONS, AGRICULTURE AND BUILDINGS. TO ENABLE THIS MANUFACTURINGBASEDREVOLUTION, AFFOA'S GOAL IS THE TRANSFORMATION OF TRADITIONAL FIBERS, YARNS AND TEXTILES INTO HIGHLY SOPHISTICATED INTEGRATED AND NETWORKED DEVICES AND SYSTEMS. TO PURSUE THIS MISSION, AFFOA WILL ADDRESS THE SPECTRUM OF MANUFACTURING CHALLENGES ASSOCIATED WITH VOLUME MANUFACTURING OF REVOLUTIONARY FIBERS AND TEXTILES FROM CONCEPT TO END PRODUCTS THROUGH DELIBERATE PLANS, PROJECTS AND PROGRAMS. AFFOA PROVIDES AN UNPRESENTED CAPABILITY TO RAPIDLY AND FLEXIBLY PRODUCE ENDITEM PROTOTYPES THROUGH ITS UNIQUE COLLABORATIVE INFRASTRUCTURE (FIN) AND SUITE OF COMPUTATIONAL DESIGN TOOLS THAT ARE THE FOCUS OF AFFOA'S DEVELOPMENT EFFORT. AFFOA WILL ENABLE AGILE MANUFACTURING INNOVATION AND TRANSFER, PROTOTYPING AND PILOTPRODUCTION FACILITIES FOR RAPID PRODUCT AND PROJECT EXECUTION, WORKFORCE EDUCATION, AND DEDICATED STARTUP INCUBATORS DRIVING INNOVATION FOR THE ENTIRE U.S. INDUSTRY. IN ADDITION TO ADVANCING THE TEXTILE MANUFACTURING SECTOR, AFFOA IS STRUCTURED TO BECOME SELFSUSTAININGBY THE END OF FIVE YEARS OR EARLIER.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $18,738,887 | $22,087,976 | -0.2% |
| Expenses | $20,921,348 | $25,814,263 | -0.2% |
| Net Income | $-2,182,461 | $-3,726,287 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALEXANDER STOLYAROV | CEO/PRESIDENT | 50.00 |
Officer
Director
|
$366,003 | $42,594 | $408,597 |
| PAUL KERN | CHAIRMAN OF BOARD | 2.00 |
Officer
Director
|
$100,000 | $0 | $100,000 |
| JOHN FRY | CHAIRMAN OF COMPENSATION C | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| ERIC SPACKEY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CHARLES HOWLAND | CHAIR OF GOVERNANCE & NOMI | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| NORMAN CHAPMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| IRA MOSKOWITZ | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DR JOYCE BROWN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CARLOYN KIRK | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID WHEELER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| WALTER SMITH | CHAIR OF AUDIT COMMITTEE | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| ELISABETH REYNOLDS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE FARRINGTON | VP STRATEGIC GROWTH | 40.00 |
Highest
|
$325,229 | $21,933 | $347,162 |
| RICHARD SALVAGE | EX-VP OF FINANCE | 40.00 |
Highest
|
$214,986 | $23,305 | $238,291 |
| EDIN INSANIC | PRINCIPAL SYSTEM ARCHITECT AND GROUP LEAD | 40.00 |
Highest
|
$209,698 | $36,802 | $246,500 |
| NATASHA SPACKEY | VP NEW BUSINESS DEVELOPMENT AND PARTNERSHIPS | 40.00 |
Highest
|
$207,828 | $28,674 | $236,502 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $18,738,887 | $20,921,348 | $7,671,083 | $-2,182,461 |
| 2023 | $22,087,976 | $25,814,263 | $10,967,169 | $-3,726,287 |
| 2022 | $20,671,174 | $22,917,733 | $14,680,025 | $-2,246,559 |
| 2021 | $24,588,104 | $24,497,057 | $14,465,650 | $91,047 |
| 2020 | $14,642,325 | $15,277,692 | $14,267,190 | $-635,367 |
| 2019 | $19,352,817 | $18,745,252 | $14,458,834 | $607,565 |
| 2018 | $14,408,007 | $11,463,810 | $13,939,650 | $2,944,197 |
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