SEWN PRODUCTS EQUIPMENT & SUPPLIERS OF THE AMERICAS INC

EIN: 541543697

RALEIGH, NC

Total Revenue
$565,070
Total Expenses
$674,745
Total Assets
$1,104,340
Net Assets
$1,104,340
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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
1990
Legal Domicile
NC
Principal Officer
MARK HATTON
Phone
9198677578
Tax Period
2023-01-01 to 2023-12-31

SEWN PRODUCTS EQUIPMENT & SUPPLIERS OF THE AMERICAS INC, founded in 1990, is a small nonprofit that reported $565K in total revenue in fiscal year 2023. Expenses of $675K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE ITS MEMBERS WITH THE HIGHEST QUALITY NETWORKING, EDUCATIONAL, AND MARKETING OPPORTUNITIES FOR ADVANCING THEIR BUSINESS WITHIN THE SEWN PRODUCTS INDUSTRY. SEWN PRODUCTS EQUIPMENT & SUPPLIERS OF THE AMERICAS INC IS AN INDUSTRY ASSOCIATION FOR SUPPLIERS TO THE SEWN PRODUCTS INDUSTRY THAT INCLUDES APPAREL, UPHOLSTERED FURNITURE, HOME TEXTILES, TRANSPORTATION INTERIORS, LEATHER GOODS, FOOTWEAR, AND INDUSTRIAL TEXTILES. THE SUPPLIERS ARE MANUFACTURERS AND DISTRIBUTORS OF MACHINERY, EQUIPMENT, AND RELATED PARTS AND SUPPLIES, SYSTEMS, TECHNOLOGY, SUPPLY CHAIN SOLUTIONS, OTHER PRODUCTS AND SERVICES USED FOR THE DEVELOPMENT, MANUFACTURE, OR DISTRIBUTION OF SEWN PRODUCTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $105,923
Program Service Revenue $436,597
Investment Income $22,550
Other Revenue $0
TOTAL REVENUE $565,070

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $674,745
TOTAL EXPENSES $674,745

Year-over-Year Comparison

2023 2022 Change
Revenue $565,070 $529,151 +0.1%
Expenses $674,745 $505,694 +0.3%
Net Income $-109,675 $23,457 -5.7%
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
16

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
3
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIELLA AMBROGI VICE CHAIRMA 0.50
Officer Director
$0 $0 $0
DAN BERZACK BOARD MEMBER 0.50
Director
$0 $0 $0
ROLANDO BOHLEMANN BOARD MEMBER 0.50
Director
$0 $0 $0
JILL COLEMAN BOARD MEMBER 0.50
Director
$0 $0 $0
BERT FEINBERG BOARD MEMBER 0.50
Director
$0 $0 $0
MARTIN GOPMAN BOARD MEMBER 0.50
Director
$0 $0 $0
ED GRIBBIN BOARD MEMBER 0.50
Director
$0 $0 $0
MARK HATTON CHAIRMAN 1.00
Officer Director
$0 $0 $0
FRANK HENDERSON JR BOARD MEMBER 0.50
Director
$0 $0 $0
RICK LUDOLPH BOARD MEMBER 0.50
Director
$0 $0 $0
LEONARD MARANO BOARD MEMBER 0.50
Director
$0 $0 $0
NINA MCCORMACK BOARD MEMBER 2.00
Director
$0 $0 $0
CHARLIE MERROW BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL RABIN SECRETARY/TR 0.50
Officer Director
$0 $0 $0
ERIC SCHLOSSMAN BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN STERN BOARD MEMBER 0.50
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 No data No data No data No data
2023 $565,070 $674,745 $1,104,340 $-109,675
2022 $529,151 $505,694 $1,100,589 $23,457
2021 $280,618 $379,816 $1,347,748 $-99,198
2020 $132,329 $223,881 $1,384,919 $-91,552
2020 $532,180 $492,276 $1,295,909 $39,904
2019 $593,917 $573,027 $1,286,789 $20,890
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