WORLDWIDE RESPONSIBLE ACCREDITED P… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

AVEDIS SEFERIAN

Phone

7032430970

Tax Period

2024-01-01 to 2024-12-31

WORLDWIDE RESPONSIBLE ACCREDITED PRODUCTION, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $5.1M in total revenue in fiscal year 2024.

Mission

INDEPENDENTLY MONITOR AND CERTIFY COMPLIANCE WITH STANDARDS ENSURING THAT A GIVEN FACTORY PRODUCES SEWN GOODS UNDER LAWFUL, HUMANE AND ETHICAL CONDITIONS.

Program Service Accomplishments

Program 1

DURING 2024, THE ORGANIZATION CERTIFIED 3,587 FACILITIES IN 44 COUNTRIES AND CONDUCTED 49 TRAINING COURSES FOR 721 ATTENDEES WORLDWIDE.

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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 $0

Program Service Revenue $4,982,552

Investment Income $47,516

Other Revenue $27,253

TOTAL REVENUE $5,057,321

Expense Breakdown

Grants Paid $100

Salaries & Benefits $2,365,140

Fundraising Expenses $0

Other Expenses $2,542,672

TOTAL EXPENSES $4,907,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,057,321	$4,744,208	+0.1%
Expenses	$4,907,912	$4,978,446	0.0%
Net Income	$149,409	$-234,238	-1.6%

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

N/A

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

$772,814

Total Directors

$432,328

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AVEDIS SEFERIAN	PRESIDENT & CEO (SEE SCH. O)	40.00	Officer Director	$301,089	$43,239	$344,328
HOLLY WISE	CHAIRPERSON (SEE SCH. O)	3.00	Officer Director	$8,000	$0	$8,000
MICHAEL GILSON	VICE CHAIR (SEE SCH. O)	3.00	Officer Director	$8,000	$0	$8,000
MARGARET BLAIR	TREASURER (SEE SCH. O)	3.00	Officer Director	$8,000	$0	$8,000
SUSAN CALVERT	SECRETARY (SEE SCH. O)	3.00	Officer Director	$8,000	$0	$8,000
FRANCISCO FUENTES	AUDIT CHAIR (SEE SCH. O)	3.00	Director	$8,000	$0	$8,000
MARY TURNER	MEMBER (SEE SCH. O)	3.00	Director	$8,000	$0	$8,000
WILLIAM REESE	MEMBER (SEE SCH. O)	3.00	Director	$8,000	$0	$8,000
JEFFERY STREADER	MEMBER (SEE SCH. O)	3.00	Director	$8,000	$0	$8,000
DEBRA LANGLEY	MEMBER (SEE SCH. O)	3.00	Director	$8,000	$0	$8,000
JEFFREY HALVORSON	MEMBER (SEE SCH. O)	3.00	Director	$8,000	$0	$8,000
HELGA YING	MEMBER (SEE SCH. O)	3.00	Director	$8,000	$0	$8,000
MARK JAEGER	VICE PRESIDENT	40.00	Officer	$217,795	$47,487	$265,282
SARA OIEN	VICE PRESIDENT ADMIN. (FROM 6/2024)	40.00	Officer	$80,717	$18,504	$99,221
AIMEE DOBRZENIECKI	VICE PRESIDENT ADMIN. (UNTIL 1/2024)	40.00	Officer	$31,983	$0	$31,983
BART SELIGER	DIRECTOR OF SE ASIA	40.00	Highest	$116,459	$43,254	$159,713
MONICA ESCOBAR HERTZOFF	HEAD OF OPERATIONS	40.00	Highest	$103,993	$37,555	$141,548
HONG MEI	SENIOR DIRECTOR OF COMPLIANCE	40.00	Highest	$118,911	$19,931	$138,842
SRISHTI SHARMA - SR DIR	COMPLIANCE ADMIN. & AUDITOR TRAINING	40.00	Highest	$103,637	$21,999	$125,636

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	$5,057,321	$4,907,912	$3,376,773	$149,409
2023	$4,744,208	$4,978,446	$3,534,497	$-234,238
2022	$4,553,494	$4,508,726	$3,854,498	$44,768
2021	$4,392,343	$4,133,961	$4,059,235	$258,382
2020	$3,739,785	$3,881,778	$2,485,999	$-141,993
2019	$4,086,888	$4,386,834	$2,713,609	$-299,946
2018	$3,947,610	$4,239,834	$2,957,780	$-292,224

WORLDWIDE RESPONSIBLE ACCREDITED PRODUCTION