Hand Papermaking Inc

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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

1987

Legal Domicile

Principal Officer

ROSA CHANG

Phone

3478499213

Tax Period

2024-01-01 to 2024-12-31

Hand Papermaking Inc, founded in 1987, is a micro nonprofit that reported $69K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $121K exceeded revenue, resulting in a 75% operating deficit.

Mission

Hand Papermaking Inc. is dedicated to advancing traditional and contemporary ideas in the art of making paper by hand. Through its print and online publications the nonprofit organization preserves informs and inspires as it celebrates the transformative act of hand papermaking.

Program Service Accomplishments

Program 1

Expenses: $31,517 Revenue: $43,787

Hand Papermaking magazine and Hand Papermaking Newsletter -- A biannual magazine and quarterly newsletter sent to 750+ subscribers around the US and internationally to libraries museums universities...

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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 $13,293

Program Service Revenue $43,787

Investment Income $12,218

Other Revenue $0

TOTAL REVENUE $69,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,682

Fundraising Expenses $0

Program Expenses $31,517

Other Expenses $39,504

TOTAL EXPENSES $121,186

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,298	$187,140	-0.6%
Expenses	$121,186	$128,907	-0.1%
Net Income	$-51,888	$58,233	-1.9%

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

Total Directors

$7,621

Key Employees

$44,288

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSA CHANG	Executive director	40.00	Key Emp Highest	$36,667	$0	$36,667
Marie Bannerot McInerney	Chair	3.00	Officer Director	$0	$0	$0
BETSY KNABE ROE	ARTIST AND GALLERY OWNER	1.00	Director	$0	$0	$0
Gretchen Schermerhorn	VICE CHAIR	1.00	Officer Director	$0	$0	$0
Kazuko Hioki	Secretary	1.00	Officer Director	$0	$0	$0
ANNE Q MCKEOWN	ARTIST EDUCATOR	1.00	Director	$0	$0	$0
MICHAEL FALLON	EXECUTIVE DIRECTOR	40.00	Director Key Emp	$7,621	$0	$7,621
EMILY DUONG	TREASURER	1.00	Officer Director	$0	$0	$0
Sanaz Haghani	Artist and Educator	1.00	Director	$0	$0	$0
Steph Rue	Director	1.00	Director	$0	$0	$0
JERUSHIA GRAHAM	Artist and Educator	1.00	Director	$0	$0	$0
Lynn Sures	Director	1.00	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	$69,298	$121,186	$531,816	$-51,888
2023	$187,140	$128,907	$505,847	$58,233
2022	$120,454	$125,203	$447,614	$-4,749
2021	$474,868	$108,118	$493,900	$366,750
2020	$130,204	$118,065	$127,150	$12,139
2019	$107,803	$104,960	$97,762	$2,843